The Leadenhall Building is almost fully let, reports CC Land in the 2022 Interim Results.
The weighted average unexpired lease term of approximately 8.9 years with 7.0 years on a term-certain basis. The building’s tenant base includes a number of renowned international insurance companies alongside other financial institutions, technology, and professional service businesses. The current annual contract rent of the 610,000 sq ft building is in the region of GBP39.6 million (31 December 2021: GBP39.4 million). As of 30 June 2022, 96% of the office space was leased. Lease terms of the remaining vacant space have been agreed upon with the tenants and legal documentation is currently in progress. The rental yield is approximately 3.4% per annum.