DEUTSCHE Bank are to let 92,000 sq ft across six floors in Land Securities’ new Zig Zag Building in London’s Victoria.

The announcement that the bank’s Asset Management and Private Wealth Management units will move to the Patrick Lynch-designed development from their current base in the City of London means that the Zig Zag Building is now 77% pre-let.

Announcing DB’s 15-year lease agreement, Kaela Fenn-Smith, Head of Commercial at Land Securities, said: “We are thrilled that Deutsche Bank has chosen to move its Asset Management and Private Wealth Management units to Victoria. Deutsche Bank’s decision is testament to our product and our transformation of Victoria.

“Our significant and carefully curated development programme has created a sought-after destination for businesses looking for not just the very best office space tailored to their specific needs, but also vibrant surroundings with quality hotels, restaurants and shops. Open outdoor spaces both in and around our buildings as well as within London’s finest Royal Parks add to the appeal of Victoria for employees and clients alike.

“This letting to a leading global bank is just the latest example of how Victoria is becoming the location of choice for financial services businesses who want to be closer to their customers.”

Other firms that have already signed deals for space in the new building, which is one of two to replace the former Kingsgate House on Victoria Street, include Jupiter Asset Management, Mediobanca and Egon Zehnder.

Related: Search for serviced office space in London Victoria