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London Stock Exchange Group PLC has signed a long-term agreement to remain at its headquarters building in the shadow of St Paul’s Cathedral, the exchange operator and financial market data provider and its landlord said on Friday. Property developer and manager Oxford Properties, together with real estate investor Hines, said LSEG has signed a new lease for King Edward Court at 10 Paternoster Square. It didn’t provide financial details, nor the length of the lease extension. LSEG has been based in the building since 2004, remaining in the City of London now for over three hundred years. The 245,000 square foot building was acquired by Oxford Properties in 2013. As part of the lease extension, a joint venture between Oxford Properties and Hines will carry out a refurbishment and extension of the building. Work will begin in early 2027. ‘Our proposals will not only create a state-of-the-art, modern, sustainable workplace with new roof terracing and a significant amenity offering, they also allow LSEG‘s activities to be visible to the public,’ said Jay Drexler, vice president of Asset Management at Oxford Properties. Oxford Properties, which is owned by OMERS, the Canadian defined benefit pension plan for Ontario’s municipal employees, said it had entered a strategic partnership with Houston, Texas-based Hines for the building earlier this year. LSEG Chief Operating Officer Pascal Boillat said: ‘We are delighted to have agreed a renewal of the lease and refurbishment of our Paternoster Square office in the City of London. As part of the planned works, we will modernise the building, creating outstanding facilities for our people and our customers in the heart of the City.’ Shares in LSEG were down 0.1% at 8,600.92 pence on Friday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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