The Leadenhall Building
16/05/2011 by Buildington

British Land and Oxford Properties Agree Heads of Terms with Aon for Pre-let of 191,000 sq ft at The Leadenhall Building, EC3
The British Land Company PLC (“British Land”) and Oxford Properties (“Oxford”) are pleased to announce that their 50:50 joint venture has agreed non-binding Heads of Terms with Aon Limited (“Aon”), subsidiary of Aon Corporation, the leading global provider of risk management services, insurance and reinsurance brokerage, and human resources solutions and outsourcing, for a 191,000 sq ft pre-let of the 610,000 sq ft Leadenhall Building. Aon has agreed to take the lower 10 floors of the offices (levels 4-13), and also have options to take up to a further 85,000 sq ft of space on levels 14-18.

At 736 ft (224m), the 47 storey Leadenhall Building is set to become one of the tallest and most iconic buildings in the Square Mile. Located in the heart of the City’s insurance district, it combines spectacular landscaped open space, retail and dining facilities with modern, flexible office space across a range of floor plates; from 21,000 sq ft at the base of the building to 6,000 sq ft at the top of the tower.Construction of the tower started in January with practical completion scheduled for the mid 2014.

Chris Grigg, Chief Executive of British Land said, “We are delighted that Aon has chosen The Leadenhall Building as the headquarters for its UK operations. This agreement demonstrates the high level of interest being shown by major occupiers for this iconic London office building and the world-class accommodation it will offer.”

Paul Brundage, Executive Vice President, Senior Managing Director Europe of Oxford Properties said, “This deal confirms our original investment decision in The Leadenhall Building and is testament to the strength of our joint venture with British Land, the timing of the building’s delivery and broader global relationship with Aon.”

Robert Brown, CEO Aon Limited said, “We are delighted to have chosen The Leadenhall Building as our new London headquarters. The Aon Centre at The Leadenhall Building is an impressive location and the offices will reflect our position as the leading global professional services firm focused on risk and human capital management. Such a significant investment confirms Aon Corp’s commitment to the UK, and indeed London, as a strategically important and integral part of Aon’s future. We look forwardto working with British Land and Oxford Properties.”

Source: britishland.com

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