IBM’s London Landlord Plans Expansion of Brutalist Landmark - Bloomberg

IBM’s London Landlord Plans Expansion of Brutalist Landmark - Bloomberg:

The owner of the IBM building on London’s river Thames plans to seek approval to remodel and extend the property and lease most of it back to the technology giant. 


Dubai-based investment company Easa Saleh Al Gurg Group will ask local authorities for permission to expand the building, a brutalist 1970s landmark, by about 50%, according to people with knowledge of the matter.

International Business Machines Corp. has been in the current building for nearly four decades, and talks are under way on a new long-term lease for IBM to occupy about two thirds of the enlarged site, said the people, who asked not to be identified because the plans are private. There’s no certainty that a lease will be signed, the people said.