Sir Richard Rogers designed the 47-storey tower that is officially called The Leadenhall Building, by stacking smaller and smaller floor plates so that it tapers towards the summit. As a result the City office rental building has a distinctive sloping facade. This is so strikingly similar to the kitchen utensil that it has earned the building its culinary soubriquet of the Cheesegrater.
Commercial property developers British Land and Oxford Properties are working together to complete by mid-2014, what is soon to become an iconic presence on the London skyline comparable to the Gherkin or the Nat West Tower.
The building is located at the heart of London’s traditional insurance and underwriting district and will stand opposite the Lloyd’s of London office building, another modern City of London office landmark, this time dating from the 1980s.
Aon’s chief executive, Robert Brown announced that the firm will lease 10 floors on a 19 year office rental agreement. Initially, the insurer will occupy levels 4-13, with the flexibility to expand into additional 85,000 sq ft of office space on the 14-18 floors.
Robert Brown said: “We are delighted to have chosen The Leadenhall Building as our new London headquarters.”
British Land and Oxford Properties from Canada were pleased to have secured a blue chip tenant for almost a third of the project’s 610,000 sq ft office space to rent in EC3. AON’s pre-let has rewarded the development duo’s brave decision to continue construction despite the economic downturn.
British Land is a well established real estate investment trusts (REIT) with a wide portfolio of City office space and West End offices to rent. Whereas, Oxford Properties is an overseas real estate investor, that since 2003 has been the property arm of the OMERS Worldwide Group. This Canadian financial institution has its origins as a pension fund serving the Ontario Municipal Employees Retirement System. Oxford Properties employs 1,300 staff, with its headquarters in Toronto and offices in London and New York.