INDUSTRY NEWS

Amlin set for 110,000 sq ft of London office space in ‘Cheesegrater’

British Land has announced insurance group Amlin is the latest firm to take up pre-let in its ‘Cheesegrater’ London office block.

The Real Estate Investment Trust has confirmed the agreement will see the insurance firm take up 110,000 sq ft of London office space in The Leadenhall Building – approximately 20% of the total space on offer.

Amlin chief executive, Charles Philipps, 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 deal means pre-let at 122 Leadenhall Street now stands at 51% of the total office space. Amlin will occupy levels 18-24 of the 47-storey building, as well as an extra floor on level 45. The insurance group does have the option not to take up lease on level 18 however, meaning it will instead be taking up 95,000 sq ft of London office space.

Developed by British Land and its Canadian partner Oxford Properties, the 610,000 sq ft tower is expected to be completed by mid-2014.

British Land chief executive, Chris Grigg, 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.”

As one of Europe’s leading REIMs, British Land has a significant portfolio of commercial property, with an estimated £10.4bn owned share of the £16.3bn. The firm currently has around £2bn worth of projects in the pipeline.

News bought to you from DeVono Cresa, the award-winning commercial property advisers, specialising in Central London office, retail and leisure space.

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