Member Article

90 per cent let: Leadenhall Building secures new tenant

British Land and Oxford Properties have announced that DRW Trading Group has signed an agreement for lease at The Leadenhall Building.

The building, which is now nearly 90% let or under offer, has just five more floors still available.

DRW is a principal trading organisation headquartered in Chicago, with offices in Montreal, New York, San Francisco and Singapore. The company has chosen to relocate its London operations to The Leadenhall Building.

It is the seventh transaction to complete at the building this year, following commitments from Brit Insurance, Spanish banking group Banco Sabadell, Kames Capital, shipping broker Affinity, IT provider Ipsoft and Rogers Stirk Harbour + Partners, the building’s architects.

The Leadenhall Building, which is known as the Cheesegrater due to its sharp appearance, is already home to such businesses as global serviced office provider Servcorp and specialist pensions insurer Rothesay Life.

Tim Roberts, Head of Offices at British Land, said: “Since completion, we have seen strong demand for the upper floors of The Leadenhall Building, translating into some standout deals with high calibre occupiers. We look forward to welcoming DRW, and our other confirmed occupiers to the building over the coming months.”

Mike Rayner, Head of Development, Oxford Properties, said: “The Leadenhall Building is not only one of London’s landmarks, it provides state of the art, highly resilient office accommodation which is essential for a propriety trading business like DRW. We are very pleased they have decided to relocate their European headquarters to the building.”

DTZ and JLL advised British Land and Oxford Properties. Cushman & Wakefield advised DRW.

This was posted in Bdaily's Members' News section by Ellen Forster .