The City's Cheesegrater is now fully let

British Land, alongside Oxford Properties, announced on Monday afternoon that the Leadenhall Building - better known among Londoners as the Cheesegrater - is now fully let.

The FTSE 100 firm said current customers Kames Capital, MS Amlin and Rothesay Life committed to take the last remaining three floors, with two of the three transactions completing since the EU referendum on 23 June.

Kames Capital, which currently occupies Level 26 and has £58bn under management, has completed an 11-year lease over 7,000 sq ft on Level 43, which British Land said was the highest remaining available floor.

MS Amlin took expansion space on Level 27, providing 13,000 sq ft of officers.

British Land’s board said MS Amlin signed leases over 93,000 sq ft in 2013 and welcomed 800 staff to its new global headquarters in the summer of 2015.

Rothesay Life, currently occupying level 25, has agreed to take Level 32, which comprises 11,000 sq ft.

The specialist insurer - owned by Goldman Sachs, Blackstone, GIC and MassMutual - will occupy 25,000 sq ft across its two floors.

“This is a significant milestone, and underlines that our decision to hold our nerve early in the cycle and attract lettings on the upper floors post-completion was the correct one,” said British Land head of officers and residential Tim Roberts.

“Moreover, to receive commitments from occupiers so soon after the EU referendum is not only a tremendous endorsement of the building; it underlines the enduring appeal of London.”

Oxford Properties vice president and head of asset management Chris Carter Keall said the letting of the final floors has confirmed the success of their leasing strategy.

“The initial large scale transactions underpinned the development.

“Post-completion, the focus has been on attracting a broad cross section of occupiers who value service and an active engagement with owner,” Keall said.

“It is therefore very pleasing to have concluded these transactions with existing occupiers.”