Newton Perkins advise Acrisure

Newton Perkins has advised Acrisure on the consolidation of their London offices and subsequent acquisition of a new 49,423 sq. ft. head-office within the recognised insurance district of the City of London.

Acrisure are a long-standing client of Newton Perkins, with their journey being traced back to an original acquisition of c. 1,000 sq. ft. when they were known as Beach & Associates, some 20 years ago. With the latest project, Acrisure engaged with Newton Perkins to help them acquire a ‘best-in-class’ premises that would provide their employees with exceptional amenity space, attract new talent and provide for their future organic growth.

Following a comprehensive search process and numerous inspections, Newton Perkins entered into pre-letting negotiations on 1.5 floors (including a dedicated terrace) within 40 Leadenhall Street, EC3, a major new iconic development by M&G Real Estate along with Nuveen, a TIAA company, providing over 900,000 sq. ft. of office and 80,000 sq. ft. of amenity space. With the building targeting BREEAM Excellent, Well Platinum as well as NABERS 5*, the ESG credentials offered were in line with what Acrisure, as a business, were looking to utilise and promote.

This pre-let deal was exchanged in July 2023, with target completion in April 2024.  

Our negotiations led to significant financial savings, secured a long lease term and secured tenant flexibility within the lease.  

The team at Newton Perkins was fronted by Ian Sonnenthal and George Blakemore.