British Land and Oxford Properties have confirmed three new lettings at The Leadenhall Building, totalling around 100,000 sq ft across seven floors of the City of London skyscraper.
Brit Insurance has signed a 15 year lease on 66,300 sq ft across Levels 16 to 18, 39 and 40. The market leading global insurer is relocating to The Leadenhall Building from its current address at 55 Bishopsgate.
Spanish bank, Banco Sabadell, has agreed terms on a 10 year lease for 18,100 sq ft on Levels 37 and 38, while Edinburgh based Kames Capital has taken 13,300 sq ft over Level 26, on a 10 year lease.
The trio of signings comes hot on the heels of recent commitments from IT services provider IPsoft, the building’s architects Rogers Stirk Harbour + Partners and last month’s record breaking deal with shipping broker Affinity. Together they have pushed the occupancy rate at the ‘Cheesegrater’ to 84 per cent let or under offer.
Tim Roberts, Head of Offices at British Land, said: “We continue to be pleased with the mix of occupiers we are attracting to The Leadenhall Building, and our strategy of letting the lower floors first and focussing on the upper floors at completion is playing out well.”
Head of Developments at Oxford Properties, Mike Rayner, added: “We are exceeding our targets in terms of leasing, and are thrilled with the response to the building.
“We have always believed The Leadenhall Building is a world-class, trophy asset, and the level of interest has certainly reaffirmed this.”
DTZ and JLL advised British Land and Oxford Properties. Savills advised Brit Insurance, Cushman & Wakefield advised Banco Sabadell, and DTZ advised Kames Capital.
