The world’s largest interdealer broker, TP ICAP, has signed a deal with British Land to create a new headquarters in Broadgate. TP ICAP is set to take up four floors of 135 Bishopsgate, totalling 123,000 sq ft of office space.
The FTSE 250 firm will move to 135 Bishopsgate in the second quarter of 2020, after the building has been refurbished. The company plans to house all of its brokers under one roof following the merger of Tullett Prebon and ICAP in 2016. The offices will have individual entrances and security restrictions to keep the two companies separate.
The building is currently being transformed to embrace its architecturally striking features, providing creative workspaces with views over St Pauls and the City towers. From 2020, the building will also be home to the UK debut of the world renowned Eataly food market, which combines a selection of high-quality Italian products, restaurants and demonstrations under one roof.
TP ICAP also recently signed commercial leases to move staff into new offices in major global financial centres including Singapore, Sydney and New York.
Nicolas Breteau, CEO of TP ICAP, said “our new headquarters reflect the ambition we have for our business and will provide an environment in which our competing brands will continue to thrive. It is also an important landmark in the group’s integration as we reduce our global footprint of offices.”
David Lockyer, Head of Broadgate at British Land, said: “The quality of Broadgate’s offering and the service we provide here has been a key driver in TP ICAP’s decision to remain at the campus. Overlooking one of London’s liveliest streets, 135 Bishopsgate’s refurbishment marks a significant milestone in Broadgate’s evolution into a world class, mixed-use destination where innovation and finance meet.