Stanhope and Mitsui Fudosan have secured a 68,170 sq ft pre-letting at 70 Mark Lane with global insurance company Zurich. This major letting takes the total pre-lets for the development to over 90%, ahead of its completion in December, reported Stanhope.

Zurich join fellow insurers Miller Insurance Services, who have already agreed to take the first six floors of the development.

Stanhope’s Chief Executive, David Camp said:

“The partnership between Mitsui Fudosan UK and Stanhope continues to go from strength to strength. Zurich’s move to 70 Mark Lane is an important milestone in the life of the development and we look forward to warmly welcoming them to this outstanding new office space which is receiving very positive reviews from commentators in the competitive market we operate in”.

70 Mark Lane achieved practical completion in December 2014.

The building offers 170,000 sq ft of high quality office space over 15 floors, with floor plates ranging from 14,000 sq ft to 5,000 sq ft, and four retail units on the ground floor. The scheme boasts nearly 10,000 sq ft of dramatic winter garden terrace space on the uppermost six floors, created by a spectacular over-sailing opening glass roof.

In October, Mitsui Fudosan confirmed that global insurance company Zurich has agreed to take a total of 68,170 sq ft across the building's 7th to 12th floors in a 15-year lease which will commence in March 2015. This major letting took the total pre-let of the building to over 90%, with international insurance broker Miller having already signed up for 85,000 sq ft across the first six floors. Only the top three floors, which benefit from the terraced gardens and commanding views over the City skyline, now remain to be let.

The City scheme, which sits at the heart of London's insurance district, was purchased by Mitsui Fudosan and Stanhope from Schroder Property Investment Management in November 2011. Construction began in October 2012 after both parties signed a new head lease and building agreement with co-freeholders The Drapers' Company and the City of London Corporation.

The scheme has been designed by leading UK architects Bennetts Associates and has achieved a BREEAM 'Excellent' rating. The construction manager responsible for the development was Sir Robert McAlpine, with Davies Maguire + Whitby appointed as structural engineer, Grontmij as service engineer and McGee as demolition contractor.

Source: Mitsui Fudosan www.mitsuifudosan.co.uk

Stanhope and Mitsui Fudosan have signed a 68,170 sq ft pre-letting agreement at 70 Mark Lane with global insurance company Zurich. The total pre-lets for the development is now over 90%, ahead of its completion in December.

Zurich join fellow insurers Miller Insurance Services, who have already agreed to take the first 6 floors of the development.

The scheme has already achieved a BREEAM ‘Excellent’ rating.

Stanhope’s Chief Executive, David Camp said:

“The partnership between Mitsui Fudosan UK and Stanhope continues to go from strength to strength. Zurich’s move to 70 Mark Lane is an important milestone in the life of the development and we look forward to warmly welcoming them to this outstanding new office space which is receiving very positive reviews from commentators in the competitive market we operate in”.

Source: Stanhope www.stanhopeplc.com

Mitsui Fudosan has secured another major letting for 70 Mark Lane development, taking the total pre-let of the building to over 90% with two months until completion.

Global insurance company Zurich has signed a 15-year lease agreement to take 68,170 sq ft of prime office space and will occupy the building's 7th to 12th floors. Zurich becomes a major tenant of the building from March 2015, alongside Miller Insurance Services who signed up for 85,000 sq ft on the first six floors in October 2012.

Only the top 3 floors of the 16-storey building, which benefit from enclosed terraced winter gardens under a dramatic glass roof and magnificent views over the City skyline, now remain to be let.

70 Mark Lane, which sits adjacent to Fenchurch Street station at the heart of London's insurance district, is Mitsui Fudosan's 3rd project with development partner Stanhope. The island site, which is on schedule for completion in December 2014, comprises 170,000 sq ft of Grade A office accommodation and four retail units on the ground floor. Designed by architects Bennetts Associates, the scheme has achieved a BREEAM 'Excellent' rating.

Source: Mitsui Fudosan

New photos!

Contractors are now on site at 64-74 Mark Lane. Piling has started to go in and is due to be finished in August.

Source: Bennetts Associates www.bennettsassociates.com 26.06.2013

New photos!