Business school nears City signing

The London School of Business & Finance is close to securing a flagship EC3 site, ending its major search in the capital.

The school is in advanced negotiations with the Middle Eastern owner of Sceptre Court at 40 Tower Hill to take 88,000 sq ft on a 15-year lease at rent of around £30 per sq ft.

A deal would largely complete the school’s target to secure 200,000 sq ft of office space by 2014 ahead of a March 2014 lease expiry on 155,000 sq ft at the New Court building on Carey Street, WC2.

It has also signed for