Lloyd's to Glide into Gotham?
Sunday Times is reporting that Lloyd’s of London is in talks about a move from
its current Lime Street base to the yet-to-be constructed “Gotham City” tower
at 40 Leadenhall Street, EC3 (Click here for the story).
of London’s current home is the Richard Rogers’ designed 400,000sq ft “oil rig”
including a Grade 1 listed element in Lime Street, EC3 and has been occupied by
Lloyd's since its completion in 1986.The building was purchased for a reported
£250m by Ping An in 2013 and Lloyd’s has break clauses in its existing lease in
2021 and 2026.
permission for TIAA Henderson Real Estate’s 40 Leadenhall Street building was
granted in February, with a projected completion date some time in 2020.
companies have traditionally valued proximity to Lloyd's. Major insurers
such as Aon, Willis and W R Berkley have moved their UK Headquarters to face
and give direct access to Lloyd's. The “cluster
effect” (witnessed by premium rents for units offering the highest levels of
proximity) is one of the most visible in any property market anywhere in the
View All Articles