British Land and Oxford Properties have confirmed 3 lettings across seven floors and approximately 100,000 sq ft at The Leadenhall Building to Brit Insurance, Spanish banking group Banco Sabadell and investment management firm Kames Capital. The building is 84% let or under offer following these signings.
Brit Insurance, a market leading global insurer and reinsurer, will relocate to The Leadenhall Building from its current premises at 55 Bishopsgate, EC2. The company has signed a 15 year lease to occupy 66,300 sq ft across Levels 16 to 18, 39 and 40.
Banco Sabadell, the fourth largest Spanish bank will occupy Levels 37 and 38 at the building comprising 18,100 sq ft in total. The bank has signed a 10 year lease.
Kames Capital, based in Edinburgh with over £58 billion in assets under management, has taken a lease over Level 26, which provides 13,300 sq ft of office space. The company has signed a 12 year lease.
These transactions follow recent commitments in 2015 from independent shipping brokerage firm Affinity Shipping, IT services provider IPsoft and Rogers Stirk Harbour + Partners, the building’s architects.
Tim Roberts, Head of Offices at British Land, said: “We continue to be pleased with the mix of occupiers we are attracting to the Leadenhall building, and our strategy of letting the lower floors first and focusing on the upper floors at completion is playing out well.”
Mike Rayner, Head of Developments at Oxford Properties, said: “We are exceeding our targets in terms of leasing, and are thrilled with the response to the building. We have always believed The Leadenhall Building is a world-class, trophy asset, and the level of interest has certainly reaffirmed that.”
DTZ and JLL advised British Land and Oxford Properties. Savills advised Brit, Cushman & Wakefield advised Banco Sabadell, and DTZ advised Kames Capital.