Monday 2 June 2014 12:41 am

Lloyd’s mulling a move out of iconic tower to Batman building

INSURANCE market Lloyd’s of London is understood to be in talks to leave its iconic building in the heart of the city for a new office in Leadenhall street. Lloyd’s has called the unique Richard Rogers designed building home since 1986, when it was specifically commissioned to house the growing specialist insurance market. A report in yesterday’s Sunday Times that the market may move a few streets down to new premises yet to be built, dubbed Gotham City, would mark a big change for the City. The new 36-storey tower is being developed by TIAA Henderson Real Estate. It will form part of a development called the Leadenhall Triangle, which comprises a number of existing office blocks all set to be redeveloped. Both Lloyd’s of London and TIAA Henderson declined to comment on rumours of a move, but Lloyd’s confirmed it has a break clause on its lease in 2021. The market sold its building to Commerz Real in 2005.