INDUSTRY NEWS

Markel in talks for London office space in Walkie Talkie building

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Insurance firm Markel is in talks with Canary Wharf Group and Land Securities for the London office space located at the Walkie Talkie building, according to an article published by CoStar News.

The 20 Fenchurch Street building was designed by Uruguayan architect, Rafael Vinoly, and will feature 37 storeys. Once complete in 2014, the building will provide 680,000 sq ft of office space, as well as 14,000 sq ft of retail space.

It is thought that Markel is in talks for around 80,000 sq ft of the property’s 695,800 sq ft total.

Markel is currently based at 49 Leadenhall Street and agreed a renewal back in August 2010 – one which is set to expire in 2014.

As well as Markel, there are thought to be five more firms interested in securing a spot at the London building.

Canary Wharf Group’s chief executive officer George Iacobescu, previously commented on the project when construction began.

He said: “We are delighted to be able to apply our extensive high-rise experience to such an iconic development. We look forward to working alongside Land Securities on this exciting project, which will be yet another step forward for London’s economy.”

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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