Goldman Sachs Group Inc. is contemplating a sale and leaseback of its new European headquarters in London ahead of its relocation into the building in early 2019, Bloomberg News reported, citing unnamed sources.

According to the report, a potential sale could fetch the bank more than £1 billion, though it has yet to take a final decision about the sale.

If Goldman agrees to pay a rent of approximately £70 per square foot, the building would be worth some £1.5 billion, assuming a yield of 4%.

Citing a filing, the report said the property will offer roughly 78,000 square meters of internal office area and could house around 9,600 employees.

Bloomberg could not retrieve a comment on the matter from Goldman or from CBRE Group Inc., the broker advising on the potential sale.