LandSec/Canary confirm Kiln letting at Walkie Talkie

By James Buckley - Friday, September 14, 2012 9:10

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Land Securities Group and Canary Wharf Group has exchanged contracts on the second pre-let at 20 Fenchurch Street, EC3, bringing the office space to 19% pre-let, with a further 5% in solicitors’ hands.

Kiln Group Limited, the international specialist insurance and reinsurance underwriting group, has taken 78,000 sq ft, in a deal first revealed by CoStar News in May.

The letting follows insurer Markel International’s decision in June to take 51,000 sq ft on levels 26 and 27 at 20 Fenchurch Street as its new London headquarters, as tipped by CoStar News in April.

When complete, the 525ft tall, 690,000 sq ft building will offer 37 storeys of top-quality, efficient and flexible office space to a supply-constrained London market. The building’s design flares outwards from a narrow base, offering larger floorplates and 360 degree views higher up the building.

Colette O’Shea, head of development at Land Securities said: “This is good progress for 20 Fenchurch Street approximately 20 months before completion, and further testament to the building’s attractive, intelligent and efficient design.”

Richard Archer, head of leasing at Canary Wharf Group added: 20 Fenchurch Street is located in the heart of the City’s vibrant insurance sector. We are very pleased to have secured another top-quality insurance sector tenant well ahead of completion. Construction is progressing nicely and we look forward to delivering 20 Fenchurch Street on time and within budget in early 2014.”

Newton Perkins advised Kiln; Knight Frank and CBRE advised Canary Wharf Group and Land Securities.

jbuckley@costar.co.uk

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