Ripple Plans to Lease London's Financial District New Landmark, With Annual Rent Exceeding ￡10 Million

On October 21st, the cryptocurrency company Ripple Labs Inc. is engaged in discussions to lease high-rise space within Brookfield Group's new London skyscraper. In the event that the deal is successfully concluded, they will establish their presence in one of the most costly office regions within the current London financial district. According to sources, Ripple intends to lease approximately 90,000 square feet (8,361.3 square meters) of office space in the Leadenhall Building located in London's financial district. Developed by Brookfield, this 35-story building is reportedly being offered at a rental rate of £140 per square foot ($187.33), thereby becoming one of the priciest office spaces in the financial district, on a par with rental levels in the Mayfair upscale area. Given that the negotiations are not made public, the individuals involved have requested anonymity. Ripple has more than 900 employees across 15 offices worldwide and offers digital asset payment and custody services to banks and financial institutions.