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

BlockBeats News, October 21st, Cryptocurrency company Ripple Labs Inc. is in talks to lease high-rise space in Brookfield Group's new London skyscraper. If the deal is reached, they will settle in one of the most expensive office areas in the current London financial district.

According to sources, Ripple plans to lease about 90,000 square feet (8,361.3 square meters) of office space in the Leadenhall Building in London's financial district. Developed by Brookfield, the 35-story building is reportedly being offered at a rent of £140 per square foot ($187.33), making it one of the most expensive office spaces in the financial district, comparable to rental levels in the Mayfair upscale area. As the negotiations are not public, the individuals involved requested anonymity.

Ripple has over 900 employees in 15 offices worldwide, providing digital asset payment and custody services to banks and financial institutions.