CBRE has signed to relocate its City of London office to a building a stone's throw from its current home in a move that helps enable the development of the London Stock Exchange's new headquarters, CoStar News can reveal.
The world's largest real estate adviser is relocating from St Martin's Court at 10 Paternoster Row to take 10,000 square feet across the fifth floor of Paternoster House, 65 St Paul's Churchyard. The landlord is Hausinvest, the Commerz Real fund, with other tenants including Lubbock Fine, Premier Miton and the Dion bar and restaurant on the ground floor.
James Nicholson, head of occupier transactions, London at CBRE, said: "CBRE's roots in the City stretch back to 1773, when Richard Ellis first opened on Fenchurch Street, and over 250 years later, the City remains central to our business. Maintaining our presence here also ensures we remain close to many of our clients and instructions.”
Oxford Properties, the investor and developer owned by Ontario Municipal Employees Retirement System, and Hines, the global real estate investor, signed a long-term lease agreement with the London Stock Exchange Group for King Edward Court in Paternoster Square last year following two years of collaboration on plans to create a major headquarters.
Hines entered a strategic partnership with Oxford on the property earlier in 2025. The 245,000-square-foot building at 10 Paternoster Square was bought by Oxford in 2013 and has been LSEG’s home since 2004 The new lease maintains the group’s more than 300-year presence in the City of London.
It is understood that the London Stock Exchange is to decant staff into the adjoining building, St Martins Court, which Oxford owns and which CBRE is moving out of, from 2027, as works begin on the new headquarters.
Working with Carter Gregson Grey Architects, the joint venture submitted a planning application for a refurbishment and extension of the original Eric Parry-designed building last year. In addition to improved offices and improved amenity, the refurbishment will publicly showcase activities such as the London Stock Exchange’s market opening and closing ceremonies.
The area around Paternoster Square is being redeveloped with the creation of 3,000 square metres of public realm at Greyfriars Square, which will become the City of London’s largest public square, as well as HSBC’s return to the Square Mile when the redevelopment of its headquarters on Newgate Street is completed in 2027.
Rubix advised Commerz.