AXA IM Alts, a global leader in alternative investments with c. €163 billion of assets under management, has agreed another letting at 22 Bishopsgate, its flagship London development, with The Korea Development Bank (“KDB”) taking c. 13,000 sq ft of space on a ten-year lease. It brings 22 Bishopsgate to 60% let, with further space under offer and a strong pipeline, reflecting strong occupier interest following the easing of restrictions last month. It is the third lease to be agreed since the building reached practical completion in December 2020 and follows recent lettings to international law firm Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates, and leading specialty, bespoke and (re)insurance business Fidelis, of 65,000 and c. 25,000 sq ft respectively.
Situated on the 11th floor, KDB will benefit from access to over 120,000 sq ft of shared space and amenities throughout the building. This includes ‘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 allows residents to book gym classes, pre-order food and drink, and manage the meeting room booking system. Additionally, 22 Bishopsgate has an emphasis on people and well-being, and offers London’s first ‘sky-wall’ climbing window at 125 metres above ground, as well as a wellbeing centre and Active Commuter Park with storage for up to c. 1,700 bikes. The building is also home to the capital’s highest free-to-access public viewing gallery, as well as a restaurant and bar, with art interventions throughout.
KDB will join a diversified range of businesses representing the technology, sustainable energy, financial, asset management, legal and professional services sectors. 783,000 sq ft of the building is now let to 16 occupiers, eight of whom have already completed their office fit outs and are beginning to welcome staff to their new workspaces following the lifting of restrictions and removal of the working from home guidance. A further five occupiers across ten floors are preparing space for occupancy as the year progresses.
22 Bishopsgate has been developed by AXA IM Alts’ market leading Real Assets platform on behalf of an international consortium of investors, alongside development partner Lipton Rogers Developments.
Source : AXA IM Alts