Aon signs office space pre-let at The Leadenhall Building

British Land & Oxford Properties secure 1st tenant for 610,000 sq ft office tower

Article posted: 17 Nov 2011

British Land and Oxford Properties have exchanged a binding Agreement for Lease with Aon in the UK and Aon Corporation, for the pre-let of 191,000 sq ft of office space in the City of London, EC3 at The Leadenhall Building. The letting represents one third of the 610,000 sq ft office tower which is under construction for delivery in mid-2014.

Aon will occupy the lower 10 floors (levels 4-13) of the 47-storey building for an average lease term of 19 years to first break. Aon will also have options to take up further space totalling up to 85,000 sq ft on levels 14-18.

At 736 ft high, The Leadenhall Building will be a new icon for London and occupies a prominent position in the heart of the insurance market, opposite Lloyd’s of London.  In August, the joint venture announced the appointment of main contractor Laing O’Rourke and construction is underway and on programme.

Including Aon, over 50% of British Land’s total £1.1bn London office development programme, and 62% of its City developments, have now been pre-let in advance of completion between the end of 2012 and 2014.

Robert Brown, CEO Aon Limited said: “We are delighted to have chosen The Leadenhall Building as our new London headquarters. The Aon Centre at The Leadenhall Building places us at the heart of the City’s insurance sector and the building’s impressive location and offices reflect our standing as the leading global professional services firm focused on risk and human capital management. The UK, and indeed London, remain an integral part of Aon Corp's strategy. The decision to move to The Leadenhall Building confirms our commitment here and offers us an ideal platform to continue to grow our business and deliver the best of Aon to our clients."

Aon was advised by CBRE and British Land and Oxford Properties were advised by DTZ and Jones Lang LaSalle.

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Posted by Sam