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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"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."
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
-
What does Rachel Reeves’s plan for growth mean for UK investors?Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
