Press Release
Squarepoint Capital and J.P. Morgan Asset Management Agree to Major City Pre-Let
April 7, 2025
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Squarepoint, a global investment management firm, has agreed terms to pre-let the entire building at 65 Gresham Street for its London office. The building comprises of 400,000 square feet and is being developed by institutional investors advised by J.P. Morgan Asset Management. The Squire & Partners designed landmark building is currently under comprehensive redevelopment, with completion due in 2028.
The scheme received planning approval in January 2024, and upon completion, 65 Gresham Street will be one of the largest building reuse projects in the City of London, avoiding demolition through large scale reuse and regeneration. The all-electric office building will target a 66% whole life carbon reduction and operational carbon at 12% lower than the 2022 GLA criteria.
The exemplary retrofit will benefit significantly from enhanced environmental performance along with new F&B amenities fronting Aldermanbury which is to be pedestrianised. The building, which includes an extension of the existing structure to create the new office scheme, will have 4 new floors, 26,000 sq ft of roof terraces, with 360° views of the City of London landmarks, and best-in-class end-of-trip facilities. Perfectly located in the Heart of the City, in close proximity to the numerous retail, cafes and within 5 minutes of the Elizabeth Line.
This deal marks an exciting new chapter for Squarepoint in London as we continue to grow and invest in our future. The new office space at 65 Gresham Street has been thoughtfully designed and we are grateful to all of the parties involved who are helping make this move possible.
We’re delighted to have advised Squarepoint on this landmark transaction, the largest London pre-let since 2023. 65 Gresham Street will provide an outstanding new London office for Squarepoint.
The letting is a fantastic conclusion to our repositioning of the asset and testament to the creativity and quality of the entire team. It has been a pleasure to partner with Squarepoint and we look forward to delivering a world-class office for their long-term occupation.
This transaction is tribute to an outstanding project team who have embraced an innovative approach to the design, development and marketing of the scheme in an unprecedented and creative way, delivering an exemplary building. It has been a pleasure to work on and we are delighted to have advised J.P. Morgan Asset Management on the Pre-letting to Squarepoint for their new City of London office.
Squarepoint was advised by CBRE and Fladgate. J.P. Morgan Asset Management was represented by RX London and Clifford Chance.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management is a global leader in alternatives, with over 60 years of experience managing alternative investments, including real estate, private equity, private credit, liquid alternative products, infrastructure, transport, hedge funds, and forestry. As of September 30, 2024, J.P. Morgan oversees more than $400 billion in alternative assets.
With $3.6 trillion in assets under management as of December 31, 2024, J.P. Morgan Asset Management serves institutions, retail investors, and high-net-worth individuals across every major market globally. The firm offers comprehensive investment management services in equities, fixed income, alternatives, and liquidity. For more information, visit: www.jpmorgan.com/am.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.co.uk.