AXA IM Alts, a global leader in alternative investments with €185 billion of assets under management , together with international investors Public Sector Pension Investment Board (“PSP Investments”), QuadReal Property Group (“QuadReal”), Temasek and AXA insurance companies (the “Joint Venture”) announce that 22 Bishopsgate, the iconic London office building, is now fully let. RiverStone International, a global acquirer of legacy and discontinued insurance business, has signed a 15 year lease for the entirety of level five, which comprises 25,000 square feet and is the last available space in the building. With the development of 22 Bishopsgate completing in December 2020 during the Covid-19 lockdown, this final lease represents a significant milestone for the 1.2 million square feet, 62 storey building and underlines the continued strength of demand for prime, well located office space with exceptional environmental and technological credentials.
AXA IM Alts developed and manages 22 Bishopsgate on behalf of the Joint Venture which acquired the site in early 2015 as a partially built development that had stalled in 2012 following the global financial crisis. The design was then reworked by PLP Architecture and the decision to commence construction was made shortly after the UK Brexit vote, in the second half of 2016. This reflected the Joint Venture’s strong conviction about both London’s continued place as a global centre of business and finance, as well as the structural shift in what future occupiers would require from their office in terms of technology, amenity, sustainability and the correlation between wellbeing and productivity.
Source: alts.axa-im.com on the 20th of January 2025
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