British Land and Oxford Properties complete two new lettings at the Cheesegrater

Posted on 15 September, 2015 by Neil Bird

British Land and Oxford Properties have today announced two new lettings at The Leadenhall Building, leaving just five floors unoccupied at the City of London skyscraper.


The latest firms to agree terms at the ‘Cheesegrater’ are petroleum company Petredec and global insurance risk carrier Fidelis who have leased a combined total of 20,315 sq ft.

Petredec has signed a ten year lease for 9,970 sq ft on Level 35 of the building, while Fidelis will occupy 10,345 sq ft on Level 34, again on a ten year lease.

Aon and Amlin, which signed pre-lets for 191,000 sq ft and 111,000 sq ft respectively, have now completed their phased relocation to the office tower, joining the six companies already in occupation as the available space diminishes.

Commenting on the twin deals Tim Roberts, Head of Offices at British Land, said: “Our strategy to lease the upper floors post-completion has been proved to be the right one, with nearly 200,000 sq ft let since last summer, and the building achieving record rents for the City of London.

“These lettings underline The Leadenhall Building’s position as a London landmark in the heart of one of the world’s pre-eminent financial centres.”

Chris Carter Keall, Head of Asset Management at joint owners Oxford Properties, added: “The range of floorplates at The Leadenhall Building has given us a clear leasing advantage, and been a major factor in attracting occupiers from a variety of industry sectors, alongside financial services.

“We have completed 11 lettings since practical completion in 2014, which serves to highlight that the decision to commence construction in 2011 has allowed us to deliver an exceptional building into a buoyant occupational market.”

DTZ and JLL advised British Land and Oxford Properties, while Ashwell Rogers advised Petredec and Savills advised Fidelis.

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