Monday 6 August 2018 9:49 am

Insurer Hiscox is first tenant for tallest City of London skyscraper at 22 Bishopsgate

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The City’s tallest skyscraper has landed its first tenant as plans for a global insurer to take a 19-year lease in the building were unveiled today.

Hiscox hopes to occupy three floors of the building at 22 Bishopsgate, known as Twentytwo, once construction is set to be completed late next year.

The 62-storey building is expected to break skyscraper records when it becomes the tallest building in the Square Mile, despite fears last year that uncertainty around Brexit would stall construction.

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Its first staff due to take occupancy as part of a phased move in early 2021.

Managed by AXA IM – Real Asset on behalf of investors, Twentytwo will be looking for similar such deals ahead of its completion, as it aims to fill 1.4m square feet of development space and expects to accommodate a community of up to 12,000 people.

Harry Badham, UK Development Director at AXA IM – Real Assets, commented: “Signing our first lease marks the next important step in the story of Twentytwo and we are very pleased to welcome Hiscox as the first members of the Twentytwo community.”