Aviva Investors, the global asset management business of Aviva, has completed the lease to ABN AMRO, the Dutch banking and financial services company, of offices at 101 Moorgate in the City of London.
The asset is a joint venture between Allianz, whose participation is managed by Pimco Prime Real Estate, and Aviva Investors, which has the asset management mandate for the property.
The agreement will see ABN AMRO occupy the top four floors at 101 Moorgate, which represent 33,000 square feet, on an initial 15-year lease. It follows Arcus Infrastructure agreeing to take 9,000 square feet on the first floor.
Sitting at the western entrance to the Elizabeth Line at Liverpool Street station and immediately opposite the entrance to Moorgate station, 101 Moorgate comprises 70,000 square feet of office and retail over its ground and eight upper floors, alongside terracing. Recently completed, it is fully-electric and has an EPC ‘A’ rating, whilst also targeting NABERS 5* and BREEAM Outstanding certifications.
101 Moorgate is the third of six office developments being delivered by Aviva Investors in London over a five-year period, including Pegasus in Mayfair, and One Liverpool Street. In August, Aviva Investors added to its pipeline of development schemes by buying the remaining stake at New Broad Street House. An initial assessment into the building’s development potential suggested it could provide up to an additional 100,000 square feet of additional prime office space, subject to planning permission.
In September, Aviva Investors received approval from the City of London Corporation’s planning and transportation committee for its proposed redevelopment of 130 Fenchurch Street, which would see the creation of a 34-storey tower in the Square Mile.
Ed Atterwill, head of Central London at Aviva Investors, said in a statement: “Attracting high calibre businesses such as ABN AMRO is a great validation of our continued commitment to central London offices and the quality of our office developments. We are incredibly pleased it has chosen 101 Moorgate as its UK headquarters. The letting is testament to Aviva Investors’ development and investment management capabilities and shows the enduring appeal of modern, amenity-rich workspace in core central London locations.”
Niki Dembitz, head of UK and Ireland at Pimco Prime Real Estate, said: “101 Moorgate is a showcase for our conviction that class-A offices in strong locations will continue to attract prime tenants and deliver long-term income for our clients.”
Gerben Dragt, UK country executive, at ABN AMRO, added: “This landmark building will not only provide an inspiring and welcoming environment for our team and clients but also underscores our commitment to investment in the UK. We look forward to collaborating with Aviva Investors to make this space a hub of opportunity and success.”
JLL and Cushman & Wakefield advise Aviva. Cushman & Wakefield advised ABN AMRO.