Cheesegrater nearly 90 per cent let following DRW Deal

Posted on 17 July, 2015 by Neil Bird

British Land and Oxford Properties have announced that the Leadenhall Building is nearly 90 per cent let or under offer following the latest lease agreement with DRW Trading Group (DRW).

Cheesegrater-nearly-90-per-cent-let-following-DRW-Deal

Chicago based DRW, which has offices in New York, San Francisco, Montreal and Singapore, is the seventh new occupier to agree terms at the ‘Cheesegrater’ this year.

The deal follows commitments from Brit Insurance, Spanish banking group Banco Sabadell, Kames Capital, shipping broker Affinity, IT provider Ipsoft and the building’s architects Rogers Stirk Harbour + Partners.

They join a strong line-up of existing tenants such as global serviced office provider Servcorp and specialist insurance company Rothesay Life.

Commenting on the latest letting, Tim Roberts, Head of Offices at British Land, said: “Since completion, we have seen strong demand for the upper floors of the Leadenhall Building, translating into some standout deals with high calibre occupiers.

“We look forward to welcoming DRW and our other confirmed occupiers to the building over the coming months.”

Mike Rayner, Head of Development at Oxford Properties, added: “The Leadenhall Building is not only one of London’s landmarks, it provides state of the art, highly resilient office accommodation which is essential for a property trading business like DRW.

“We are very pleased they have decided to relocate their European headquarters to the building.”

DTZ and JLL advised British Land and Oxford Properties. Cushman & Wakefield acted on behalf of DRW.




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

Interest Rates Impact on Commercial Property

Commercial Property Investment Outlook for 2023

The best places to stay on the Riviera

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants