INDUSTRY NEWS

Developers: Walkie Talkie London office space is now over 50% let

The property developers behind the construction of the Walkie Talkie skyscraper have confirmed the building has already leased half its available office space.

Land Securities confirmed in a news release its development on 20 Fenchurch Street has now leased 53% of its London office space offering.

The latest firm to put pen to paper is Boston-based Liberty Mutual Insurance: Two of the firm’s subsidiaries, Liberty Syndicates and Liberty Mutual Insurance Europe will occupy 117,336 sq ft of offices across six floors of the building.

Liberty Syndicates is set to occupy floors 21-23, at a total of  66,321 sq ft of office space, while Liberty Mutual Insurance Europe will occupy floors 10-12, or 51,015 sq ft of office space.

Land Securities head of leasing, Kaela Fenn-Smith, said: “We continue to see strong interest at 20 Fenchurch Street with over a year to go until completion. Occupiers continue to be drawn to the scheme attracted by the modern and efficient space in the right location.”

Work on the Walkie Talkie, designed by architect Rafael Viñoly, originally began in October 2010. Construction of the 160 metre tall building is set to be complete in 2014.

Land Securities and its development partner Canary Wharf Group have invested over £200 million on the huge 37-storey skyscraper.

Discussing the work and the tenants on board so far, Canary Wharf Group head of leasing, Richard Archer, added: “Our design and construction team are doing a superb job delivering the most technologically advanced building under construction in London today.

“Our investment in this building has enabled us to secure six high-profile tenants to date.”

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