Lloyds of London Considers HQ Move From Iconic Building

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20 January 2022

Lloyds, the world’s largest insurance market, is considering moving from its 1 Lime Street headquarters, a site it has occupied since 1986.

A spokesman for Lloyd’s told The Telegraph: “As we adapt to new structures and flexible ways of working, we are continuing to carefully think about the future requirements for the spaces and services our marketplace needs.”

The return of workers to the capital city meant the outlook for the office sector was looking positive towards the end of 2021. However, landlords are still adapting to the “new normal” of hybrid working and fluctuating occupier demands.

The Inside-Out Building

The “inside-out” 298ft building, with its exposed lifts and pipework, was designed by the architect Richard Rogers and took eight years to build.

33,510 cubic meters of concrete, 30,000 square metres of stainless-steel cladding and 12,000 square metres of glass were used during the construction.  

The building is owned by Chinese insurer Ping An, and Lloyd’s lease ends in 2031, with a break clause in 2026.

The story was first reported by React News.

Picture: a photograph of the main underwriting room at 1 Lime Street. Image Credit: https://www.lloyds.com/about-lloyds/media-centre/photo-gallery

Article written by Ella Tansley | Published 20 January 2022

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