British Land lets out more space in Leadenhall Building

Real estimate investment trust British Land said that its half-owned Leadenhall Building in the City of London is to be 51 per cent pre-let.

British Land's 50:50 joint venture with Oxford Properties has agreed non-binding heads of terms with FTSE 250 insurance company Amlin for a 111,000 square-foot pre-let at the building, with options to take up to further 36,500 square foot.

The building, located directly opposite Lloyd's, is still under construction and is scheduled to be finished by mid-2014. The 736ft building will be one of the tallest buildings in London.

"We are delighted that Amlin has chosen The Leadenhall Building for its new offices" said British Land's Head of Offices Tim Roberts.

"This will be our second major pre-letting at the building and it shows the considerable appeal of our offer - highly specified and well located buildings of strong architectural quality coupled with a commitment to occupier service."