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Aon Sign Leadenhall Contract

After years of swirling rumours, insurance giant Aon has finally signed on the dotted line for almost 18,000 square metres of space in the under construction Leadenall Building in the City of London.

The Aon deal for the Rogers, Stirk, Harbour and Partners designed Cheesegrater will see approximately a third of the space taken by the firm on the lowest part of the tower, floors 4 to13, where the floorplates are largest. In addition to this Aon will have an option to take a further six floors if their requirements change, levels 14 to 18, which translates into another 7,900 square metres. The rent Aon will be paying will be 56.60 per square foot.

Promisingly, this now means that over half of British Land's commercial developments in London have been pre-let before completion showing that their ambitious progression of their development pipeline despite an insipidly performing British economy, a decision some have seen as excessively risky, has been the right choice.

The scheme is being developed jointly by British Land and Oxford Properties as a 50:50 venture between the two partners.

Main contractor, Laing O'Rourke, is already on site, and work is currently at the stage of concrete pouring of some of the lowest floor slabs. Once completed in 2014 it will have a height of 224.5 metres.
Leadenhall Building, London
Leadenhall Building, London