Land Securities confirms talks with Deutsche Bank on London HQ

Land Securities confirmed it was in discussions with Deutsche Bank on pre-letting a site for the German banking giant's London headquarters.

LandSec said it would finish shortly the demolition of existing buildings at 21 Moorfields in London's central business district. The site sits above Moorgate tube station and the new development will contain offices and shops, media reported.

“Land Securities is also in discussions with Deutsche Bank regarding a pre-let for the development which would require alterations to the design of the building above ground,” the company said in a statement on Friday.

“These negotiations will take several months and there is no guarantee they will lead to a transaction.”