21 LIME STREET CHOSEN FOR NEW ANTARES HQ
Antares Underwriting, a managing agent at Lloyd’s, have signed on the whole of 21 Lime Street, EC3 as their new London headquarters. Antares have taken a 15 year lease, occupying the 1st to 7th floors of this new 32,000 sq ft development by Aldgate Developments and The City of London Corporation.
Due for completion in April 2017, 21 Lime Street sits in a prime location in the heart of the insurance district adjacent to Leadenhall Market, and enjoys private roof terraces with superb views over Lloyd’s.
Paul Molloy of Aldgate Developments comments:
“Our vision for 21 Lime Street was to create a modern, high quality, sensitive new building in this historical Conservation Area, at the gateway to the vibrant Leadenhall Market. We are delighted to welcome Antares Underwriting into the building. Securing a tenant of this calibre is a testament to our team’s ability to deliver on our plans, on time and on budget. This deal underlines the ongoing strength of demand in Central London for high quality office space when the product is right.”
Stephen Redmond Managing Director of Antares comments:
We consider 21 Lime Street to be a perfect opportunity for our growing business in the heart of the insurance district of the City of London. The move reflects our successful growth under the ownership of QIC Group. The new building is ideal for our purposes and demonstrates our commitment to the insurance market through our presence at Lloyd’s with its strength and its security, for our current and future clients.
Coco di Mama are understood to be close to signing on one of the retail units at street level. This means there is one retail unit remaining available for lease, with negotiations ongoing on that unit with a number of parties.
CBRE and Newton Perkins advised Aldgate Developments and The City of London Corporation on the offices. Newton Perkins advised Antares. CBRE advised the Landlord on the retail.