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Edward Cullinan Architects

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Met letting

London Stock Exchange considers bids

Exchange Tower on market

The London Stock Exchange has confirmed that it is to relocate to King Edward Court at Paternoster Square EC4 in 2004. The London Stock Exchange is said to have taken a 25-year lease at £12.5m per annum. Exchange Tower, currently partly occupied by the exchange, has been valued at £93m and will be sold for redevelopment. The London Stock Exchange has owned the freehold of the building since 1972. The London Stock Exchange was advised by Insignia Richard Ellis. - (12-06-2001)

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London Stock Exchange to stay in City

The London Stock Exchange is reported to have decided to take a pre-let on the 19,440 sq m (209,260 sq ft) King Edward Court building at Paternoster Square, London EC4. The London Stock Exchange had been rumoured to be considering a move to Canary Wharf but it is thought that no suitable space was available. In particular the London Stock Exchange is said to require "its own front door". The King Edward Court building is being developed by Mitsubishi Estates and is planned to be completed in 2004. The London Stock Exchange has about 500 staff and occupies just over half its existing building in Old Broad Street, London EC2. It is said that the exchange may now sell the 26-storey 1970's tower as a redevelopment scheme. - (09-04-2001)

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