British Land and Oxford Properties are pleased to announce the signing of an Agreement for Lease with a leading specialist pensions insurer, Rothesay Life, for level 25 at The Leadenhall Building.
Level 25 provides 13,594 ft² (approx. 12,629 m²) of space and Rothesay Life will take a 10 year lease with an option to break after five years. Rothesay Life, established in 2007, has become one of the leading providers of regulated insurance solutions in the UK market for pensions de-risking and is owned by Goldman Sachs, Blackstone, GIC and MassMutual.
Jonathan Sarkar, Chief Operating Officer of Rothesay Life said: “We looked at a number of options and The Leadenhall Building offered the best combination of space, services and flexibility. We are excited to be moving there and it is perfectly placed to meet our business needs now and as we grow.”
Tim Roberts, Head of Offices at British Land said: “Rothesay’s decision to come to The Leadenhall Building is a further endorsement of the building’s distinctive qualities. It is the fourth letting we have completed during the construction phase, all to companies that are leaders in their fields.”
Mike Rayner, Head of Development at Oxford Properties said: “Our objective at The Leadenhall Building has always been to create something exceptional, and to have attracted a business of Rothesay’s standing is evidence of the building’s appeal to the occupier market and the relevance of its unique design, flexibility and customer service offer.”
The Leadenhall Building, which comprises 610,000 ft² (56.671 m²) of office space, is now 53% pre-let following commitments with international insurance broker Aon, who are relocating their global headquarters from Chicago, global speciality insurer and reinsurer Amlin, and Servcorp, one of the world’s leading serviced office businesses.
The building, which at 224 m is the tallest in the City of London, was designed by the renowned architecture practice Rogers Stirk Harbour + Partners.
British Land and Oxford Properties were advised by DTZ and Jones Lang Lasalle.
Source: British Land