Sumitomo Mitsui may be in talks to lease new London HQ

London

SUMITOMO Mitsui Financial Group's European banking unit is in talks to lease a new London headquarters from British Land Co and GIC Pte, according to two people familiar with the plan.

Japan's third-largest megabank by assets is seeking to rent about 150,000 square feet at the 100 Liverpool Street project, the people said, asking not to be identified because the plan is private. The terms have yet to be finalised and it's not certain that a deal will be done, they said.