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AXA Investment Managers – Real Assets has completed the first pre-let at its massive 1.4 million sq ft development in the City of London – to global insurance provider Hiscox, on a long-term lease that expires in 2037.
The firm has taken 75,000 sq qt of space across the 8th, 9th and 10th floors of the large building to use as its main office in London.
UK development director at AXA IM – Real Assets Harry Badham says: “Signing our first lease marks the next important step in the story of Twentytwo and we are very pleased to welcome Hiscox as the first members of the Twentytwo community. Providing flexible and innovative terms to meet the specific needs of tenants are key to the Twentytwo offering, alongside the ability to address changing workplace expectations as well as a significant focus on community, wellbeing, interaction and connectivity. This approach has been key to both attracting Hiscox as our first tenant and the level of interest we have received from other potential occupiers. We hope to announce further members of the Twentytwo community in the near future.”
This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.