M&G Real Estate has leased 50,827 sq ft to fintech company Acrisure at its 40 Leadenhall office development in the City of London.
Acrisure has signed a 20-year lease on the ninth floor, part of the eighth floor and 1,380 sq ft of terrace space.
The building, which in addition to office space offers a fitness studio, a 22,500 sq ft treatment and changing area, two restaurants, a wellness suite, library and a 30-seat cinema room, is now 70% pre-let ahead of its completion next year.
M&G is targeting a BREEAM Excellent and WELL Platinum rating and is aspiring to Platinum Wired and SMART building certifications.
Tony Brown, global head of real estate at M&G Real Estate, said: “40 Leadenhall is a key part of London’s rebirth as a global centre for high quality workspaces and signs that the market is gathering momentum are very promising. A letting of Acrisure’s calibre in the heart of the Square Mile evidences the trend of high performing businesses bringing employees back to the office environment to collaborate. [Some] 1.2m sq ft of workspace was let during Q2 this year – a significant sign that the City, in particular, is back.”
Jason Howard, president of Acrisure International and chairman of Acrisure Re, added: “We are delighted to be moving our London teams into this prestigious building. Acrisure is well-known for its collaborative culture and having us all under one roof will optimise this even further. The building’s open and innovative vibe also aligns perfectly with our wellbeing and growth strategies. Thank you to everyone involved in making this move happen. We are looking forward to June 2024.”
