The agreement with Chinese Insurer Ping An, who have owned the historic grade I listed building in London since 2013, marks an important commitment by Lloyd’s to remain at its iconic headquarters in the heart of the London insurance marketplace.
As part of ongoing commitments to creating a workplace fit for the future, the lease extension will enable Lloyd’s to continue renovating workspaces and make further internal refurbishments to upper galleries and common spaces - including the installation of energy-efficient building infrastructure to reduce the overall carbon footprint of the building, and improved services.
As well as providing an improved environment for existing tenants, renovations will enable further lease opportunities for businesses looking for high-grade, low-carbon spaces in one of the most iconic office buildings in the world.
An important element of the lease terms is the agreement between both parties to invest in decarbonising and improving the energy efficiency of the building over the next five years.
Lloyd’s Chairman, Bruce-Carnegie Brown, said: “The Lloyd’s building holds a special place in our market’s collective consciousness. The changes we’ve made to the ground floor this summer signal the start of our ambitions – but there’s more to come, and we’ll be redesigning other spaces in the Lloyd’s Building to support our market’s collaboration and innovation. We’ll continue to monitor how the changes are working so One Lime Street can remain the iconic and dynamic space our market and customers need it to be.”
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