British Land agrees Cheesegrater lease with insurer Amlin

(Source: Getty)

British Land and Oxford Properties have announced the agreement of a lease with insurer Amlin to pre-let 111,000 sq ft of space at the Leadenhall building (release). The site, commonly known as the Cheesegrater due to its distinctive shape, is not expected to be completed until mid-2014 and yet over half of the building's floor space has been pre-let.

Amlin has agreed to let floors 18 to 24 of the 47-storey development, or around 20 per cent of the total office space, for a lease period of 20 years.

Chris Grigg, chief executive of British Land said:

This significant second letting confirms The Leadenhall Building as a world-class building. We are very pleased to be in business with a company of the standing of Amlin, a market leader in the insurance sector.

Charles Philipps, chief executive of Amlin said:

We are very pleased to be moving to The Leadenhall Building. It will be an uplifting new office for us in a building of high architectural quality and an unbeatable location directly opposite Lloyd's Insurance market."