Hiscox agrees letting at Axa’s Twentytwo Bishopsgate

AXA Investment Managers-Real Assets has agreed its first letting at London development Twentytwo with Hiscox. The letting comprises 75,000 sq ft across three floors of the 62 storey building, on a lease expiring in 2037. The company plans to begin a phased move to the building in early 2021. Twentytwo will become Hiscox’s principal office in London. AXA IM-Real Assets has structured the agreement to include “innovative components”. Firstly, the lease allows Hiscox to take up to 90 desks short term. The company also has the option to take half of the 11th floor (12,000 sq ft). Currently under construction and due to complete in late 2019, Twentytwo is expected to accommodate up to 12,000 people. Harry Badham, UK development director at AXA IM – Real Assets, said that providing more flexible and innovative terms are a central part of the Twenty Two offering. “This approach has been key to both attracting Hiscox as our first tenant and the level of interest we have received from other potential occupiers. “We hope to announce further members of the Twentytwo community in the near future.” CBRE and JLL acted for Twentytwo while BH2 acted for Hiscox. To send feedback, e-mail anna.ward@egi.co.uk or tweet @annaroxelana or @estatesgazette