Nomura, the Japanese investment bank, will not pay any rent for almost six years on its new headquarters building in the City of London under the terms of a deal to be announced on Tuesday.
The bank will confirm plans to move its UK business, including the staff taken on as part of the Lehman Brothers acquisition, into a new office development on the Thames.
Up to 4,000 banking staff will move into the 12-storey Watermark Place next year, many relocating from the former Lehman Brothers building in Canary Wharf.
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