Newton Perkins advise Acrisure

21st September 2023
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.

Share

Browser Update Required

This website does not support your current version of Internet Explorer, Please download the recent version from one of the links provided.

Update to Google Chrome Update to Internet Edge