IT system provider IPsoft has signed an Agreement for Lease for level 31 at The Leadenhall Building, reports British Land.
Level 31 provides 11,475 sq ft of office space, and IPsoft will take a ten year lease at £75.00 per sq ft, with an option to break after five years.
We continue to see strong interest from a wide range of occupiers and the building, which reached practical completion in July 2014, is now 77% let or under offer.
IPsoft, headquartered in New York, operates from 13 major cities worldwide. The company, which is a leading global provider of autonomic and cognitive IT solutions, will relocate its London office from 30 St. Mary Axe.
Frank Lansink, EMEA CEO of IPsoft said: “London is a thriving market for the adoption of our ground breaking technologies. We are expanding our presence in the heart of the city in order to increase the intensity of dialogue which we have underway with the UK’s leading companies and the world’s largest financial institutions."
Eray Ekici, Vice President at IPsoft said: “We strive to provide a premium work environment to our people, so we are really excited to move in to this state of the art landmark and enjoy the spectacular views.”
Tim Roberts, Head of Offices at British Land said: "The arrival of a cutting-edge IT business such as IPsoft at The Leadenhall Building underlines the fact that this is a unique building. It combines world class design and customer service appealing to occupiers from across the corporate spectrum. We continue to see strong demand for the building’s remaining floors.”
Mike Rayner, Head of Development at Oxford Properties said: "The signing of IPsoft is a further endorsement of our strategic decision to delay the leasing of the upper floors until after completion. The exceptional quality of the office space and unique arrival experience, at one of London’s newest landmarks in the heart of The City, is generating interest from a broad mix of high calibre occupiers.”
British Land and Oxford Properties were advised by DTZ and JLL. Cushman & Wakefield advised IPsoft.