British Land and Oxford Properties have signed a deal to pre-let their London development, The Leadenhall Building, with London-based insurer Amlin PLC. The firm will occupy about 20 percent of the Leadenhall Building, also called the Cheesegrater, taking up residences on floors 18-24 and 45.
With the completion of this deal, the Cheesegrater is over 50 percent pre-let. The tower is set to be the tallest building in the City of London financial district upon completion.
Find a list of London's tallest buildings here.
According to Investegate, the firm will be taking 108,000 square feet (10,000 square meters) of the building, with the option to take another 37,000 square feet (3,400 square meters), according to the press release. Amlin will be paying about £62.75 per square foot (US$92 per square foot).
"We are very pleased to be moving to The Leadenhall Building," Charles Philipps, Chief Executive of Amlin, said in the release. "It will be an uplifting new office for us in a building of high architectural quality and an unbeatable location directly opposite Lloyd's Insurance market."
The Leadenhall Building is set to top out in mid-June.
British Land and Oxford Properties are both Diamond Sponsors of the CTBUH 2013 London Conference. Registered delegates will have the opportunity to take a technical tour of the Leadenhall Building after the Conference. CTBUH coverage of the tour will be available shortly thereafter.