January 28, 2014
British Land and Oxford Properties have announced the Leadenhall Building in the City of London – known as the ‘Cheesegrater’ due to its distinctive tapered profile – has been let to serviced office business Servcorp. The Sydney-based firm already provides businesses with flexible space in some of the world’s most famous buildings, including The Seagram Building, Park Avenue, New York, IFC 2 Hong Kong, Trust Tower Marunouchi, Tokyo and Emirates Towers, Dubai. This, the first single floor letting in the building, is on the 30th floor, which provides 11,851 sq ft of space. Because of the building’s design, floorplates range from 21,000 sq ft on level 5 to 6,200 sq ft on the top floor (level 45).
Explained Warren James, Manager, International Property Portfolio at Servcorp said: “This deal represents a substantial expansion of our London business. Servcorp is highly selective in its choice of buildings and our objective is always to be in the best in town: The Leadenhall Building is certainly that. It will provide our clients with accommodation of very high quality in a building of real distinction.”
Land Securities Chief Executive Chris Grigg has said that overall, the UK property market has had a strong quarter with London strengthening further and domestic and international investment spreading out into the regional markets.
Mike Rayner, Head of Development at Oxford Properties said: “Servcorp’s decision to take space at The Leadenhall Building underlines that this is a real trophy building; not just in the context of London, but globally. It is a fitting start to the year in which Leadenhall will reach practical completion. Welcoming Servcorp to the building is also an effective kickstart to the next phase of our leasing programme, where we look forward to attracting a broad community of specialist and corporate occupiers to the building’s varied floorplates.”