Member Article

Cheesegrater welcomes two new tenants

British Land and Oxford Properties have announced the signing of two new tenants at The Leadenhall Building, London.

Known colloquially as the Cheesegrater, the building will be home to global energy company Petredec and Fidelis Insurance.

Petredec, which buys, sells and distributes Liquefied Petroleum Gas, has selected The Leadenhall Building as the location for its European headquarters. The company has signed a ten year lease to occupy 9,970 sq ft on Level 35 of the building.

Fidelis, a global insurance and reinsurance risk carrier, will occupy Level 34 of the building, totalling 10,345 sq ft. The company has signed a ten year lease.

There are now just five floors still available at The Leadenhall Building. Aon and Amlin, which signed pre-lets for 191,000 sq ft and 111,000 sq ft respectively, have this summer completed their phased moves into the building, joining six other companies already in occupation.

Tim Roberts, Head of Offices at British Land, said: “Our strategy to lease the upper floors post-completion has been proved to be the right one, with nearly 200,000 sq ft let since last Summer, and the building achieving record rents for The City of London.

“These lettings underline The Leadenhall Building’s position as a London landmark in the heart of one of the world’s pre-eminent financial centres.”

Chris Carter Keall, Head of Asset Management at Oxford Properties, said: “The range of floorplates at The Leadenhall Building has given us a clear leasing advantage, and been a major factor in attracting occupiers from a variety of industry sectors, alongside financial services.

“We have completed 11 lettings since Practical Completion in 2014, which serves to highlight that the decision to commence construction in 2011, has allowed us to deliver an exceptional building into a buoyant occupational market.”

DTZ and JLL advised British Land and Oxford Properties. Ashwell Rogers advised Petredec and Savills advised Fidelis Insurance.

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