Walkie Talkie tower seals fourth letting

Kasmira Jefford
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LAND Securities has bagged itself another tenant for its Walkie Talkie skyscraper in the City, the property giant revealed yesterday in an upbeat trading upbeat.

Royal Sun Alliance is to take four floors at 20 Fenchurch Street, meaning thirty-four per cent of the building is now pre-let and a further 18 per cent is under offer.

Insurers Ascot Underwriting as well as Markel and Kiln have also pre-let office space in the 160-metre high tower.

Land Securities said the tower, a joint venture with Canary Wharf Group, is on track to be completed by March 2014.

Chief executive Rob Noel also said it has now fully let the office space at its One New Change centre in the City and that elsewhere in the West End it has seen strong demand with its 123 Victoria Street scheme now 58 per cent let.

The group has also struck a deal with Google to drive footfall to its malls. The deal, which allows shoppers to see if items are in stock, comes as the number of retail units in administration -– including Jessops, HMV and Blockbuster – rose from 1.8 per cent in September to 2.2 per cent.