M&G Real Estate has completed a string of lettings on six floors of Building 1 Minster Court, in the City of London since early August.
Deals have been completed on floors six to nine with ProSight Speciality Underwriters Ltd, The National House Building Council, IPES (UK) Limited, The International Underwriting Association, and Acord.
An early surrender deal with CoFunds has enabled solicitors DAC Beachcroft to satisfy their 1,850 m² (20,000 ft²) requirement on the first and second floors. Only the refurbished fifth floor remains available.
The Minster Court complex has seen flurry of activity throughout 2015. Broker Price Forbes increased their floor space to 3,900 m² (42,000 ft²) in Building 2 in June permitting existing occupier Endurance Worldwide Insurance to surrender their 1,100 m² (12,000 ft²) and increase their presence in the building by leasing the 2,090 m² (22,500 ft²) on the first floor. Refurbished floors of between 1,000 m² and 1,850 m² (11,000 and 20,000 ft²) will be available in 2016 in the 18,500 m² (200,000 ft²) building.
Giles Difford, Asset Management Director at M&G Real Estate says: “Located in the heart of the EC3 market, the distinctive Minster Court complex continues to remain attractive to the insurance sector. As one of the first EC3 developments of significant scale, M&G Real Estate is committed to maintaining Minster Court’s status as a building of choice for insurers, brokers and other occupiers who benefit from proximity to Lloyds of London.”
CBRE and Spring4 are the joint letting agents.
Source: M&G Real Estate
