INDUSTRY NEWS

Lloyd’s looking to leave its iconic London office building?

Lloyd’s is reportedly considering a move away from its iconic London office headquarters, the Lloyd’s Building.

The insurer is in talks with TIAA Henderson, an investment management firm, over a move to its new office complex at 40 Leadenhall Street, a source familiar with the matter has told the Financial Times.

Designed by Make Architects, 40 Leadenhall Street, has been dubbed ‘Gotham City’ due to its striking neo-gothic design, which bears a resemblance to the buildings featured in the Batman films.

The City of London-based building is scheduled for completion by 2019.

Lloyd’s currently occupies the Lloyd’s Building, a property which it commissioned back in the late-1970s. It was designed by Richard Rogers – the architect behind many cutting-edge buildings, like the Millennium Dome – and features 14 floors. The building is considered a leading example of Bowellism, which sees the service features – ducts, piping, lifts and so on – installed on the exterior of a structure to maximise its interior floor space.

As the insurer’s needs have changed in the past few years, it now occupies just a third of the Lloyd’s Building’s available space. The company has a break clause between 2021 and 2026 on the building and is considering its options, according to close sources.

Both Lloyd’s and TIAA Henderson have refused to comment on the matter.

By: Kirsty MacGregor

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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