Aon Sign Up as First Tenant at the Leadenhall Building
The Leadenhall Building in the City of London, also known by its nickname ‘The Cheesegrater’, has secured its first tenant in the form of Aon – the UK’s largest insurance broker and provider of risk management services.
According to British Land, the firm are due to take 191,000 sq ft of office space at the building as part of their UK head office relocation. The space will span 10 floors which equates to one third of the 47-storey 610,000 sq ft property.
Aon also has an option to expand into a further 85,000 sq ft, which would bring the building’s occupancy up to 45%.
Located in the heart of the City’s financial and insurance district, 122 Leadenhall was designed by Richard Rogers and has been developed by a joint partnership – British Land and Oxford Properties. The building, of which construction was started in January 2011, is a 737 ft office tower providing 48 floors in a distinctive wedge-shaped profile, which earned it the nickname of ‘The Cheesegrater’.
Commenting on the lease agreement, Chris Grigg, Chief Executive of British Land said:
“We are delighted that Aon has chosen The Leadenhall Building as the headquarters for its UK operations. This agreement demonstrates the high level of interest being shown by major occupiers for this iconic London office building and the world-class accommodation it will offer.”
Robert Brown, CEO of Aon Limited, said that the Leadenhall Building is an “impressive location” and believes that it will reflect the firm’s position as a leading global professional services firm.
“Such a significant investment confirms Aon Corp’s commitment to the UK, and indeed London, as a strategically important and integral part of AonΓÇÖs future,” he added. “We look forward to working with British Land and Oxford Properties.”
Featuring external glass lifts, a 30m high atrium and a tapered glass fa├ºade, the multi-million pound development – which has a scheduled completion date of mid 2014 – is one of many that are currently planned or under construction in the area, including Bishopsgate Tower, 20 Fenchurch Street and Shard London Bridge.
The City’s Heron Tower was recently completed and flexible office provider Landmark will be opening three floors of serviced space there this summer.
Find out more about office space in Central London online at officebroker.com.
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