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Aon To Announce Cheesegrater Deal

Insurance giant Aon is about to announce that they are taking space in the 224.5 metre tall Leadenhall Building, better known as the Cheesegrater.

The notice, which could come as soon as next week, is expected to involve the company occupying the lowest ten floors above ground level of the distinctive wedge-shaped skyscraper which will serve as their headquarters in the City of London.

That said the Cheesegrater will have a substantially tall collection of ground floors and mezzanines meaning they won't be looking straight out into the street. This will see their space starting roughly 27 metres above ground level with the largest floor comprising of 1,982 square metres of grade-A office space.

Aon is expected to pay a rent of approximately 55 per square foot, on what we calculate to be roughly 17,500 square metres, or 188,000 square feet, along with an option to take further space in the building. This a substantial rental level as one would expect for such a landmark building, and one that is higher than the depths of 2009, but it is still significantly off the peaks that were seen during the last economic boom.

Faced with some tough competition, the deal will be a big coup for the developers British Land and Oxford Properties. The Aon deal is one of only a few larger requirements that companies have within the square mile right now, and with the Pinnacle and 20 Fenchurch Street, commonly known as the Walkie-Talkie, both set to rise as well, the competition is truly on to see who can attract who to their shiny new tower.

Article Related buildings:

The Leadenhall Building

The Leadenhall Building
The Leadenhall Building, London
The Leadenhall Building, London