Salesforce has renewed its lease at the City of London’s landmark Salesforce Tower, 110 Bishopsgate, until 2036.
The tech giant will continue to occupy 124,910 square feet across levels 26–33 and 36–37.
Heron said the announcement caps a record-breaking 12 months for the 440,000-square-foot skyscraper, which signed tenants including Qmetric, MNK, Danske Bank, Cantors Europe and Genpact, leasing 80,000 square feet. There is 40,000 square feet available in flexible units from 5,500 square feet.
The 230 million tower is next to Liverpool Street station and the Elizabeth line. It includes three bars and restaurants including Sushi Samba, and Europe’s largest privately owned aquarium. Recent upgrades have included a refurbished entrance hall and improved end-of-trip facilities for 375 bikes.
Relina Bulchandani, executive vice-president, real estate and workplace services at Salesforce said in a statement: “Salesforce Tower London is a dynamic hub for accelerating the transformation of our customers through Agentforce and we’re thrilled to be continuing our presence at 110 Bishopsgate and partnership with Heron. This investment reinforces our deep commitment to the UK and reflects our vision for real estate in the Agentic Enterprise era – ensuring we have the right places that bring together our employees, customers, partners, and community to drive innovation and growth.”
Sir Gerald Ronson, chief executive of Heron, added: “We are proud to extend our relationship with Salesforce, which began in 2014. Their renewed commitment underscores the building’s reputation for delivering the highest quality office space and our collaborative approach to meeting occupiers’ needs.”
Heron is represented by CBRE and Savills, while CBRE advised Salesforce on the transaction.
In 2021, Madison International Realty, the US real estate private equity firm, completed the acquisition of a minority stake in the Tower via a Jersey Property Unit Trust, joining other investors including Heron International, which built it.
The tower was completed in 2011 as the Heron Tower on an island site in the City of London and renamed Salesforce Tower in 2014 for its largest tenant.
In January 2021, an ING-led syndicate of lenders completed a £400 million, five-year refinancing of the tower. Madison did not disclose the size of the stake or who it bought it from, but it is understood to have been a 25% stake bought from Prince Abdul Aziz bin Fahd. The sale of the Saudi prince's stake at around £195 million valuing the tower at £780 million.