INDUSTRY NEWS

Another tenant secured for London office space at 20 Fenchurch Street

The developers of 20 Fenchurch Street, Land Securities and Canary Wharf Group, have been provided with a boost after securing a second tenant for the London office space at the building.

Scheduled for completion in 2014, international insurance and reinsurance underwriting firm Kiln Group Limit has agreed a pre-let on 78,000 sq ft of space.

Designed by renowned Uruguayan architect, Rafael Vi̱oly, 20 Fenchurch Street has been given the nickname Walkie Talkie Рbecause of its resemblance to the communications device.

Land Securities’ head of development, Colette O’Shea, commented on the pre-let agreement.

She stated: “This is good progress for 20 Fenchurch Street approximately 20 months before completion, and further testament to the building’s attractive, intelligent and efficient design.”

Richard Archer, head of leasing at Canary Wharf Group, continued: “20 Fenchurch Street is located in the heart of the City’s vibrant insurance sector. We are very pleased to have secured another tip-quality insurance sector tenant well ahead of completion.

“Construction is progressing nicely and we look forward to delivering 20 Fenchurch street on time and within budget in early 2014,” Mr Archer concluded.

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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