The rest of the world is already calling the upcoming office tower in EC3 the ‘Cheesegrater’ but British Land is sticking to its guns and hoping we’ll take to its proper name of the ‘Leadenhall Building’.
View examples of serviced office spaces in EC3 here
Whatever you care to call it, there will soon be a 47-storey skyscraper reaching up from the ear-marked site at 122 Leadenhall St, where demolition work has already been completed and building work on the shell and core is set to be finished by mid-2014.
Businesses from finance, insurance and other corporate sectors are said to have already shown notable interest in occupying some of the 600,000 sq ft of central London office space that are to result from what is now a fully-agreed and ongoing joint venture.
“Our partnership with Oxford Properties, brings together two leading property companies with proven development and asset management expertise,” said Chris Grigg, British Land’s chief executive.
“We believe that the Leadenhall Building will provide the City of London with a unique combination of iconic architecture with world-class public and office spaces,” he added.
Roughly £340 million is to be invested to make sure the development can be completed and Oxford Properties has described its commitment to the JV as a reflection of the confidence it has in central London’s office space markets.
A report from CB Richard Ellis last week described London as being the “exception” in Western Europe when it comes to having a strong enough commercial property market to support substantial quantities of new office space development over the next few years.
Editor’s notes: The building which is adjacent to the Lloyds of London building was completed in July 2014 and is referred to as both the Cheesegrater and the Leadenhall Building.
Standing 225 metres tall, it is home to a wide range of high-profile tenants such as AON, BRIT Insurance, Virgin Money and flex space provider Servcorp
The company is located on the 30th floor and provides a wide range of flexible office space and workspace solutions such as private serviced offices, managed office suites, and coworking desk spaces for rent.
All solutions offered are available on short-term flexible contracts and will offer all-inclusive office rental rates.
In December 2023, it was announced that Lloyds of London would be staying at its property at One Lime Street until at least 2035, after reaching an agreement with landlord Chinese investor Ping An.