Canary Wharf Group is continuing to put pressure on the City for the title of London’s premier business community as financial institutions and blue chip companies continue to flock to the Docklands
Canary Wharf today confirmed that it has completed six lettings totalling around 55,000 sq ft.
MetLife, a leading provider of insurance and financial services, has taken 10,871 sq ft on part of level 28 of One Canada Square, while headhunting firm Michael Page has exchanged contracts on 6,480 sq ft on the same floor.
Engineering and design solution firm Atkins has agreed to let around 2,594 sq ft on part of level 28 of One Canada Square. Three floors above, Bear Stearns has taken a further 28,780 sq ft in addition to the office space it occupies on levels 25, 44, 45, 46 and 50 of the estate’s tallest building.
To complete the six lettings, Mirae Asset Global Investment Management and property developer Damac have agreed to occupy 5,317 sq ft and 2,365 sq ft respectively at 40 Bank Street.
The above transactions have been concluded on a variety of leases for short to medium terms and for rents ranging from £47.50/sq ft to £57/sq ft.
Richard Archer at Canary Wharf said: ‘These transactions further recognise and reinforce the importance of Canary Wharf as a key business district in London. The result is that Canary Wharf Group has now a vacancy rate of less than 3%.’