Brookfield Properties is in talks to sign cryptocurrency firm Ripple for most of the remaining 98,000 square feet of offices at One Leadenhall, one of the City of London's newest super-prime office towers.
The building is approaching completion and will include 430,000 square feet of offices over its 35 floors, plus ground floor retail and a public terrace overlooking Grade II*-listed Leadenhall Market. Designed by Make, it is already close to being fully leased, principally to law firm Latham & Watkins but also to The Work Project, a global luxury workspace provider owned by Singaporean real estate giant CapitaLand.
Ripple is eyeing 90,000 square feet of offices across floors 24 to 29. There would be around 15,000 square feet left on the top floor. A record for the City of as much as £150 per square foot on the top floors with private terraces could be set if recent successes at neighbouring tower 8 Bishopsgate are mirrored.
Ripple is one of the oldest crypto companies, launching in 2012. It is a cryptocurrency group that employs blockchain to enable global financial institutions, businesses, governments and developers to move, manage and tokenise value. In the UK it is based at 10 Queen Street Place in the City.
Brookfield and Ripple did not comment.
Newmark and Cushman & Wakefield advise at 1 Leadenhall.