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Second Pre-Let For Cheesegrater

The commercial popularity of the Leadenhall Building continues to be clear following the announcement of the second major pre-let of the under construction 224.5 metre tall skyscraper in the City of London.

Developers British Land and Oxford Properties have agreed head of terms with insurance company Amlin PLC who will be taking 10,000 square metres of the building dubbed the Cheesegrater. The deal specifically relates levels 18 to 24 and floor 45, the tallest office level in the City of London that has been leased to date. Amlin also has an option to take a further 3,500 square metres should their needs require it.

The precise terms of the agreement including the rents to be paid have yet to be released, but it means the skyscraper is now 51% let with both tenants working in the insurance business. The proximity to Lloyds of London which is literally over the road may be the reason behind this. Other insurance companies in the immediate area include Aviva, Swiss Reinsurance, and the Willis Group.

Construction meanwhile continues on site with the steel work of the sixth out of eight stages of the Rogers, Stirk, Harbour + Partners designed tower now underway. This has pushed the overall height past that of 20 Fenchurch Street but it will only overtake Heron Tower once the final stage is erected next year.

Article Related buildings:

The Leadenhall Building

The Leadenhall Building
Lloyds Building

Lloyds Building
The Leadenhall Building under construction
The Leadenhall Building under construction