Lloyd’s of London mulls leaving landmark building

Lloyd’s of London mulls leaving landmark building | Insurance Business

Lloyd’s of London mulls leaving landmark building
Lloyd’s of London is in discussions with an investment management company about leaving its iconic home of 28 years, to move to a nearby tower, according to the UK’s Financial Times.

The market’s potential new home would be a tower – that has not been built yet – dubbed Gotham City. The tower is to be erected near Leadenhall Street in London.

Lloyd’s began talks with TIAA Henderson Real Estate last year. It could be another six months before a decision is made. If it decides not to move, Lloyd’s could negotiate cheaper rent with the new owners of its Lime Street building, Chinese insurer Ping An.