Land Securities Group PLC (‘Land Securities’) and Canary Wharf Group plc (‘Canary Wharf Group’) have exchanged contracts on the second pre-let at 20 Fenchurch Street, EC3, bringing the office space to 19% pre-let, with a further 5% in solicitors’ hands.
Land Securities Group PLC (‘Land Securities’) and Canary Wharf Group plc (‘Canary Wharf Group’) have exchanged contracts on the second pre-let at 20 Fenchurch Street, EC3, bringing the office space to 19% pre-let, with a further 5% in solicitors’ hands.
Kiln Group Limited, the international specialist insurance and reinsurance underwriting group, has taken 78,000 sq ft. This letting follows insurer Markel International’s decision in June to take 51,000 sq ft on levels 26 and 27 at 20 Fenchurch Street as its new London headquarters.
When complete, the 525ft tall, 690,000 sq ft building will offer 37 storeys of top-quality, efficient and flexible office space to a supply-constrained London market. The building’s design spectacularly flares outwards from a narrow base, uniquely offering larger floorplates and spectacular 360 degree views higher up the building.
Colette O’Shea, Head of Development at Land Securities said: “This is good progress for 20 Fenchurch Street approximately 20 months before completion, and further testament to the building’s attractive, intelligent and efficient design.”
Richard Archer, Head of Leasing at Canary Wharf Group added: ”20 Fenchurch Street is located in the heart of the City’s vibrant insurance sector. We are very pleased to have secured another top-quality insurance sector tenant well ahead of completion. Construction is progressing nicely and we look forward to delivering 20 Fenchurch Street on time and within budget in early 2014.”
Newton Perkins advised Kiln; Knight Frank and CBRE advised Canary Wharf Group and Land Securities.
Source: Land Securities