State Street acquired 100 New Bridge Street in London for £382 million, marking the city’s largest property deal since March 2023, as part of a broader recovery in the commercial real estate market.

Information on the Target

The target of this acquisition is the prominent commercial property located at 100 New Bridge Street in the City of London. State Street has made a substantial investment with a £382 million acquisition of this 194,000 square feet development. This property is poised to become State Street's new London headquarters upon completion in early 2026, highlighting the firm’s long-term commitment to establishing a significant presence in one of the world’s leading financial districts.

This deal marks a pivotal moment in London's commercial property market as it represents the largest transaction since March 2023. With an increasing demand for high-quality office spaces, State Street's acquisition also signals the return of larger investments that have been dormant amid earlier market uncertainties.

Industry Overview in the Target's Specific Country

The commercial property market in the City of London has been demonstrating signs of resilience, particularly as reported in April 2025. According to Savills, there was a total of £485.9 million transacted across four significant deals in that month, equating to a cumulative year-to-date volume of £1.35 bil