August 22, 2018 / 3:39 PM / 3 months ago

Goldman Sachs secures $1.5 million sale, leaseback of London HQ

LONDON, Aug 22 (Reuters) - Goldman Sachs said on Wednesday it had sold its new European headquarters in London to South Korea’s National Pension Service for 1.17 million pounds ($1.49 million).

As part of the agreement, the investment bank said it has entered into a 25-year lease on the building, which includes a break option after 20 years and the possibility for the bank to extend this beyond the initial term.

$1 = 0.7841 pounds Reporting by Emma Rumney, editing by Kirstin Ridley

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