Swiss banking giant UBS is bringing two floors, or around 120,000 square feet of offices, to market for sublease at 5 Broadgate, its landmark groundscraper by Liverpool Street Station in the City of London.
UBS occupies all of the 733,000-square-foot building on a lease ending in 2035.
The bank initially put two floors on the market for sublease via Colliers in 2022 as it pursued a hybrid working policy, and had agreed a deal with Grant Thornton.
In 2023 it cancelled that sublease. Grant Thornton had signed for the ninth and 10th floors at the 12-storey building on a sublease running until 2035 moving from offices in Finsbury Circus. The rent was around £75 per square foot.
The decision to cancel the sublease came after UBS completed an emergency takeover of banking peer Credit Suisse in a state-sponsored agreement in 2023, as reported. It then began moving Credit Suisse staff into its offices at 5 Broadgate.
Korea’s National Pension Service bought 5 Broadgate in 2022 from CK Asset Holdings for more than £1.2 billion in the largest single-asset sale in the UK.
In July 2025, US banking giant JPMorgan completed a lease for around 150,000 square feet of space, roughly a third of Credit Suisse’s former UK headquarters, in Canary Wharf. UBS took on that lease on One Cabot Square, which is owned by the Qatar Investment Authority, when it took over Credit Suisse.
In a statement UBS said: “The UK remains a key growth market for UBS, and 5 Broadgate continues to serve as the centre for all our UK operations.”