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An office property in the City of London - Watermark Place, based on Angel Lane in the EC4 district - will soon be occupied entirely by Japanese banking firm Nomura on a 20-year lease agreement. The property is currently being developed by Oxford Properties Group.

According to Property Week, Sadeq Sayeed, CEO of Nomura Europe and the Middle East, said:

"We are delighted to be the new residents of Watermark Place. Our return to the Square Mile will be the final step in Nomura's transformation in London."

Sayeed added: "The timing couldn't be better as the rate of our expansion means we need a bigger space to accommodate our growing teams and we need to be close to our clients to keep up with the current pace of the business."

As is common with a traditional lease agreement, Nomura will begin furnishing and fitting out the offices themselves. This is in contrast to a serviced office, where offices are typically furnished and fully fitted out by the office provider, as opposed to the business renting the space.

For more details of serviced offices in the City of London, or to find out more about renting offices elsewhere in the UK, contact our team of office experts or start searching online at officebroker.com.

Published by Marie on Tuesday, 01 September 2009 at 11:27 AM