Coverys takes 15,994 sq ft, taking building to over 75% let

Helical plc, one of London’s leading property developers, has agreed a further 15,994 sq ft letting at One Creechurch Place, the prime office scheme located in the heart of London’s insurance district. The letting is further evidence of the robust demand for Helical’s market-leading office developments from a diverse occupier base, as well as the continuing confidence in London’s long-term future as the pre-eminent European city.

Coverys Managing Agent Limited, a Lloyd’s managing agency owned by Coverys, the leading Medical Professional Liability insurer, has agreed a 10-year lease on the sixth floor. It joins a number of other leading business and insurance brands including Hyperion, Enstar, Dell and Travelers, who have all been attracted to the 272,505 sq ft building due to its high quality clear open floor plates providing excellent natural light and good views, as well as access to public realm.

Just four and a half floors of the 17-storey building, totalling 69674 sq ft, remain to be let, meaning 75% of the building is now occupied.

Gerald Kaye, CEO of Helical, said: “This is another strong letting for Creechurch, secured on favorable terms, and one supporting our view that London remains the city of choice for a diverse range of occupiers. As with all our developments, we had a strong vision for the building; a sophisticated working environment that allows leading businesses to flourish, whilst being able to enjoy new public realm and local green spaces, in this case Mitre Square and Aldgate Square. We are optimistic about letting the remaining space during 2018.”

Helical’s joint letting agents are Cushman & Wakefield, JLL, Ingleby Trice and Savills. Coverys was advised by Savills.

For further information please contact:
Gerald Kaye Tel: 020 7629 0113

FTI Consulting
Dido Laurimore/Tom Gough/Richard Gotla Tel: 020 3727 1000