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AXA IM Alts has agreed another new lease at 22 Bishopsgate, its flagship London office scheme, having let the entire 46th floor to international law firm McDermott Will & Emery UK LLP (“McDermott”). With five leases totalling 222,000 sq ft having signed since covid-19 restrictions fully eased last July, 22 Bishopsgate is now 68% let. There is further space under offer and a strong pipeline driven by high occupier demand for high-quality amenity rich buildings with sustainable credentials.
McDermott is the 17th occupier to commit to the building, and the letting aligns with 22 Bishopsgate’s aim of attracting a broad range of occupiers, diversified by sector and size, with the current tenant line up representing businesses from the technology, sustainable energy, financial, asset management and professional services sectors.
McDermott, which is US-headquartered, has agreed to a 15-year lease, and is expected to move its London headquarters to 22 Bishopsgate early next year. The firm was attracted to 22 Bishopsgate due to its strong sustainability credentials as well as its extensive amenities and shared facilities, which cover over 120, 000 sq ft of space and deliver a more cost-effective and efficient occupation while allowing optimal space for the company to grow. These amenities include ‘The Market’ – 22 Bishopsgate’s 20,000 sq ft food hub, run in partnership with leading hospitality group, Rhubarb; ‘The Exchange’ – a central innovation centre; as well as business events and conference space. The building incorporates state-of-the-art technology to support productive and agile working and offers touchless entry systems as well as an app that will allow residents to book gym classes, pre-order food and drink, and manage the meeting room booking system.
22 Bishopsgate has been designed and developed to the highest sustainability standards and was the first building in the UK to apply for the WELL Building Standard. Its sustainability credentials have been further strengthened by the opening of London’s first dedicated offsite consolidation centre for a single office building, which will consolidate all deliveries to the building in order to reduce vehicle emissions and improve road safety. In line with its focus on both people and well-being, the building also offers a gym, a wellbeing space and an Active Commuter Park with storage for up to c. 1,100 bikes. 22 Bishopsgate offers the capital’s highest free-to-access public viewing gallery, as well as a restaurant and bar, with art interventions throughout.
22 Bishopsgate has been developed by AXA IM Alts’ market leading Real Assets platform, the leading] real estate portfolio and asset manager in Europe, on behalf of an international consortium of investors, alongside development partner Lipton Rogers Developments.
Source : AXA IM Alts