AXA Investment Managers – Real Assets has signed a long term pre-let agreement with Cooley LLP, US-based law firm for technology, life-sciences and high-growth industries, for 75,000 sq ft at 22 Bishopsgate, its flagship development in London.
22 Bishopsgate is the 1.4 million sq ft (130,000 sqm) people-focused office development in the heart of London being managed by AXA IM – Real Assets, on behalf of an international consortium of investors, with Lipton Rogers Developments retained as developer.
Cooley, which is headquartered in Palo Alto, California, is expected to move its London team to 22 Bishopsgate in 2020 where it has taken c. 75,000 sq ft on the 22nd, 23rd and 24th floors of the 62 storey building, on a 17-year lease.
Cooley is the fifth occupier to have committed to 22 Bishopsgate in advance of its completion, with 25% of the building already pre-let to Hiscox, Beazley, AXA Investment Managers, and RGA, while there are strong levels of interest and a number of transactions pending for the remaining space.
SEE ALSO : AXA IM-Real Assets sells Grade-A office building in London
“As an ambitious and growing firm, the decision by Cooley to choose 22 Bishopsgate as its new home and base for expansion in Europe not only endorses our vision for the building but further demonstrates the strong appeal of the offer we are delivering, as well as the quality and diverse range of occupiers we are in discussions with to join the building’s community. We worked very closely with Cooley from the outset in order to best facilitate their decision to expand their office in London and we look forward to supporting their ongoing success,” said Harry Badham, UK Development Director at AXA IM – Real Assets.
“We set out to make a positive impact in London, and the journey since launch has been inspiring. Our talented team and unique culture have ensured our success to date. Moving to this flexible, collaborative and cutting-edge new space offers us every opportunity to grow and build further,” said Justin Stock, Managing Partner, London at Cooley LLP.
CBRE and JLL acted for 22 Bishopsgate while Knight Frank (UK) and Newmark Knight Frank (US) advised Cooley.
