The British Land Company ('British Land') and Oxford Properties ('Oxford') announce that their 50:50 joint venture has agreed non-binding Heads of Terms with the leading specialist insurance and re-insurance business Amlin plc ('Amlin') for a 111,000 ft² (approx. 10,311 m²) pre-let at The Leadenhall Building.
The Leadenhall Building
Amlin has agreed to take levels 18-24 and level 45 with options to take up to a further 36,500 ft² (approx. 3,390 m²). On completion of the letting to Amlin, The Leadenhall Building will be 51% pre-let. Amlin will be relocating to The Leadenhall Building from its current offices in the Aviva Tower in March 2015.
Currently under construction and on program for completion in mid-2014, the 736 ft (224 m) Leadenhall Building will be one of the tallest and most iconic buildings in London. It combines a spectacular open ground floor galleria, retail and restaurant facilities and efficient and adaptable office space. The building is located in a prominent City location, directly opposite Lloyd's, at the heart of the global insurance sector.
Richard Hextall, Amlin plc's Group Finance & Operations Director, comments, "We have conducted a thorough review of our future accommodation options together with Savills over the past year and have decided that The Leadenhall Building will provide the best solution for our expanding Group and London operations. Leadenhall will provide our staff with perfectly located offices in this elegant, high rise building and we look forward to moving to our new headquarters in 2015."
Tim Roberts, Head of Offices at British Land said, "We are delighted that Amlin has chosen The Leadenhall Building for its new offices. This will be our second major pre-letting at the building and it shows the considerable appeal of our offer - highly specified and well located buildings of strong architectural quality coupled with a commitment to occupier service."
Paul Brundage, Executive Vice President, Senior Managing Director Europe of Oxford Properties said, "This major letting to Amlin is further testament to the world class credentials of The Leadenhall Building both in terms of the location and prestige of the building itself and the flexibility and quality of the space on offer. This second, significant pre-letting also demonstrates the strength of our joint venture with British Land."
Source: British Land