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.

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 external at night