British Land and Oxford Properties complete the leasing of The Leadenhall Building,London
British Land and Oxford Properties have announced that The Leadenhall Building is fully let.Current customers Kames Capital, MS Amlin and Rothesay Life have committed to take the last remaining three floors, with two of the three transactions completing since the EU Referendum on 23 June.
Kames Capital, which currently occupies Level 26 and has £58 billion under management, has completed an 11 year lease over 7,000 sq ft on Level 43, the highest remaining available floor in the building.
MS Amlin has taken expansion space on Level 27, which provides 13,000 sq ft of offices. The company signed leases over 93,000 sq ft in 2013 and welcomed 800 staff to its new global headquarters in the summer of 2015.
Rothesay Life, currently resident on Level 25, has agreed to take Level 32 which comprises 11,000 sq ft. The specialist insurer, which is owned by Goldman Sachs, Blackstone, GIC and MassMutual, will occupy a total of 25,000 sq ft across its two floors.
The Leadenhall Building, designed by Rogers Stirk Harbour + Partners, provides 610,000 sq ft of office space over 45 floors and has attracted the highest rents ever paid in the City of London. The building was the winner in the ‘Office Building’ category at New London Architecture Awards earlier this month.
Tim Roberts, Head of Offices and Residential at British Land said: “This is a significant milestone, and underlines that our decision to hold our nerve early in the cycle and attract lettings on the upper floors post-completion was the correct one.
“Moreover, to receive commitments from occupiers so soon after the EU Referendum is not only a tremendous endorsement of the building; it underlines the enduring appeal of London.”
Chris Carter Keall, Vice President and Head of Asset Management at Oxford Properties added: “The letting of these final floors has confirmed the success of our leasing strategy.
“The initial large scale transactions underpinned the development. Post-completion, the focus has been on attracting a broad cross section of occupiers who value service and an active engagement with owner. It is therefore very pleasing to have concluded these transactions with existing occupiers.
“We look forward to continuing to add to the amenity at the building with a new restaurant and retail in 2017.”
Source: British Land