Advertisement

British Land pre-lets London development The Leadenhall Building

British Land has signed a deal to pre-let its London development, The Leadenhall Building, a joint venture with Oxford Properties.

British Land has signed a deal to pre-let its London development, The Leadenhall Building, a joint venture with Oxford Properties.

The company has exchanged a binding agreement for lease with Amlin to pre-let 111,000 square feet (sq ft) of the office building, representing 20% of the total space.

The 610,000 sq ft tower is currently under construction and on track for completion in mid-2014.

Advertisement - Article continues below

Amlin will occupy levels 18-24 and level 45 of the 47-storey building on 20-year lease terms with tenant break options. It provides an average lease term of 14 years to first break.

Average rent will be £62.75 per sq ft. Amlin also has options to take up further space to 36,760 sq ft.

The Leadenhall Building is more than 51% pre-let following the agreement.

"This significant second letting confirms The Leadenhall Building as a world-class building," said Chief Executive of British Land, Chris Grigg.

"We are very pleased to be in business with a company of the standing of Amlin, a market leader in the insurance sector."

RD

Advertisement
Advertisement

Recommended

Visit/investments/investment-strategy/601044/broker-safety-your-questions-answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
Visit/investments/investment-strategy/600861/how-demographics-affects-stock-valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Visit/investments/stocks-and-shares/600863/sirius-minerals-anglo-american-takeover
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Visit/investments/stockmarkets/600634/why-investors-should-be-cautiously-bullish-for-2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

Visit/economy/inflation/601584/the-end-of-the-bond-bull-market-and-the-return-of-inflation
Inflation

The end of the bond bull market and the return of inflation

Central bank stimulus, surging post-lockdown demand and the end of the 40-year bond bull market. It all points to inflation, says John Stepek. Here’s …
30 Jun 2020
Visit/investments/commodities/gold/601587/bullish-gold-price-cup-and-handle-chart-pattern
Gold

This chart pattern could be extraordinarily bullish for gold

The mother of all patterns is developing in the gold charts, says Dominic Frisby. And if everything plays out well, gold could hit a price that invest…
1 Jul 2020
Visit/economy/global-economy/601579/how-pent-up-demand-could-drive-a-v-shaped-economic-recovery
Global Economy

How “pent-up demand” could drive a V-shaped economic recovery

“Pent-up demand” is usually a myth. But not this time. The Covid lockdown has created genuine pent-up demand, says Merryn Somerset Webb. That’s now be…
29 Jun 2020