Cheesegrater now more than half pre-let

Posted on by Rob Powell

OVER half the space in the new Leadenhall Building has been pre-let, a year before construction on the 47-storey building finishes.

Joint-venture partners British Land and Oxford Properties today announced a new deal which will see reinsurance firm Amlin Plc take around 20% of the space, joining other tenants such as AON in the building that has earned the nickname the Cheesegrater.

Today’s announcement of a binding lease comes six months after the parties announced they had agreed Heads of Terms.

Chris Grigg, Chief Executive of British Land said, “This significant second letting confirms The Leadenhall Building as a world-class building. We are very pleased to be in business with a company of the standing of Amlin, a market leader in the insurance sector.”

Paul Brundage, Executive Vice President, Senior Managing Director Europe of Oxford Properties said, “Our partnership with British Land at The Leadenhall Building has been a great success and this latest significant leasing deal with another prominent occupier evidences this. We look forward to welcoming Amlin to the building and fostering a long standing relationship with them.”

Charles Philipps, Chief Executive of Amlin plc said, “We are very pleased to be moving to The Leadenhall Building. It will be an uplifting new office for us in a building of high architectural quality and an unbeatable location directly opposite Lloyd’s Insurance market.”

The Leadenhall Building at 122 Leadenhall Street is due to complete mid way through 2014.

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