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Lloyds leads finance deals in busy quarter for London office leasings

Moves by asset manager GAM and broker TP Icap were also among the largest finance transactions closing out last year

Lloyds leads finance deals in busy quarter for London office leasings
Photo: Johnny Greig

A big leasing from Lloyds Bank added to a bumper final quarter in the London property market, closing a year that also illustrated the growing clout of flexible office providers.

London office take-up totalled 13.2 million square feet over the year, according to a report from agency CBRE. That figure was up 7% on 2016, and was lifted by a number of large leasings — there were seven deals of more than 100,000 sq ft in the final three months of the year, more than in any quarter since the start of 2010.

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