CNA and DWF latest tenants to sign up at 20 Fenchurch Street, EC3

2 May 2014

20 Fenchurch Street

20 Fenchurch Street, EC3 has secured a further two tenants, taking the building to 87% let, with the office floors now complete as scheduled.

Insurance firm CNA and top 20 UK law firm DWF LLP (“DWF”) are the latest addition to the tenant lineup and are taking 35,000 sq ft and 43,000 sq ft respectively at the 38-storey building.

The latest two lettings come after joint developers Canary Wharf Group plc (“Canary Wharf Group”) and Land Securities Group plc (“Land Securities”) achieved the building’s first completion milestone on 17 March, when they handed over possession of the first completed office floors to tenants. The remaining office floors were completed as planned in April.

The Sky Garden – a landscaped garden, dining and viewing area on the top three floors, which will be operated by rhubarb – remains on schedule for completion before the end of the year.

CNA identified the building as ideal for the co-location of the London offices of its group companies, CNA Insurance Company Ltd (“CNA Europe”) and Hardy (Underwriting Agencies) Limited (“Hardy”), due to its proximity to Lloyd’s of London and both companies’ current locations, as well as the building amenities.

Richard Archer, Head of Leasing at Canary Wharf Group commented: “We look forward to welcoming CNA Europe, Hardy and law firm DWF to 20 Fenchurch Street and are pleased that the building continues to attract a range of businesses looking for exceptional space in the City.”

Andrew Leaitherland, Managing Partner at DWF said: “20 Fenchurch Street offers exactly the flexibility and efficiencies we are looking for in a new office building and will support growth in our three primary sectors of real estate, insurance and financial services. We’re incredibly excited to be making the move.”

Kaela Fenn-Smith, Head of Leasing at Land Securities, added: “CNA and DWF’s decision to take space is another success story for 20 Fenchurch Street. We’ve remained true to the building’s principles of offering businesses much-needed flexible space in the City and the fact it was 87% let ahead of completion is testament both to its design and our approach.”

The first tenants are expected to move into 20 Fenchurch Street this month. DWF, CNA Europe and Hardy will join a strong tenant line-up of Ascot, Jane Street, Lancashire, Vanquis, Markel, Liberty Syndicates, Liberty Mutual, AWAC, RSA and Kiln.

Canary Wharf Group and Land Securities were advised by CBRE and Knight Frank.

-Ends-

For further information, please contact:

Molly Neal
Land Securities Group plc
Tel: 020 7024 5460
molly.neal@landsecurities.com

John Garwood
Canary Wharf Group plc
Tel: 020 7418 2312
john.garwood@canarywharf.com

Charlotte Sansom
DWF
Tel: 07738 885990
Charlotte.sansom@dwf.co.uk

Notes to Editors

About 20 Fenchurch Street, EC3, London:

• 20 Fenchurch Street is jointly developed by Land Securities and Canary Wharf Group. Canary Wharf Contractors Limited, a wholly owned subsidiary of Canary Wharf Group, is Construction Manager.
• Construction of 20 Fenchurch Street, EC3 officially started in January 2011 and the office space completed in April 2014.
• The building’s architect is Rafael Viñoly. The building spectacularly flares outwards from a narrow base.
• The 525ft tall, 675,000 sq ft building provides 38 storeys of world class office space, with each floor offering 360° of unrivalled views.
• The building is bringing Grade A office space to a supply constrained central London market.
• The floor plates range from 14,000 – 29,000 sq ft, with larger floor plates on the higher floors. The building provides flexible and high specification accommodation to appeal to a wide range of prospective tenants.

About Canary Wharf Group plc

Canary Wharf Group is an integrated property development, investment and management group of companies. It is focussed on the design, construction, leasing and management of grade A office space and high-quality retail and leisure facilities in central London. Over the past 20 years Canary Wharf Group has regenerated derelict wharves into the Canary Wharf Estate, one of the world’s premier business and shopping districts, constructing over 16 m sq ft of office and retail space; more than any other company in London. These buildings are occupied by over 100,000 people. Away from Canary Wharf, apart from the 20 Fenchurch Street joint venture, Canary Wharf Group is also involved in a joint venture with Qatari Diar for the redevelopment of the Shell Centre site on the South Bank.

For more information see www.canarywharf.com

About Land Securities

Land Securities is the UK’s largest commercial property company and a member of the FTSE 100. The company owns and manages more than 26 million sq ft of property, from shopping centres to offices. For more information see www.landsecurities.com

About DWF

DWF is an award-winning top 20 UK law firm with a national reputation for client service excellence and effective operational management. Independently ranked 1st of all top 20 law firms for the quality of its legal advice and joint 1st of all national law firms for its service delivery and responsiveness, DWF employs over 2,500 people across 12 locations in the UK & Ireland. The firm has core strengths in insurance, corporate & banking, real estate and litigation, and in-depth industry expertise in six chosen sectors including central & local government; energy & industrials; financial services; retail, food & hospitality; technology; and transport.

 


CNA and DWF latest tenants to sign up at 20 Fenchurch Street, EC3 Development now 87% let, with office floors completed on schedule

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