The building was purchased with low passing rents and 13 separate short and medium term leases. CIT completed the restructuring of the leases with JP Morgan taking a new 22 year lease, without breaks, for the entire building. The building was sold following the restructuring of the leases for a significant uplift in value.
Alban Gate
City of London
At this 368,000 sq ft 18-storey building CIT restructured and re-geared the leases with tenant JP Morgan, for a new 22 year term.
