Three Floors of 22 Bishopsgate Let to Law Firm

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10 August 2021

65,000 sq ft of 22 Bishopsgate, Europe’s first vertical village, has been leased to international law firm, Skadden.

AXA IM Alts has now let 60 per cent (770,000 sq ft) of the people-centred building, which was completed in December 2020.

It is the third lease to be agreed since the building reached practical completion and follows the announcement that bespoke and (re)insurance business Fidelis will be taking the 25,000 sq ft 42nd floor. 

Skadden, which is headquartered in New York, is expected to move its 250 strong London team to 22 Bishopsgate in late 2022, where it has agreed a 15-year lease. The business was advised by JLL.

“Since restrictions began to ease in March, we have seen a material uplift in occupier enquiries, as businesses reflect on the lockdown-experience and seek adaptable space with best-in-class amenity and smart technology."

–Phillip Shalless

Senior Asset Manager, AXA IM Alts

22 Bishopsgate's 15th Occupier

With best-in-class offices in short supply in London, occupier demand for sustainable, adaptable and amenity-rich workspaces has continued to drive leasing momentum. 

22 Bishopsgate is a people-centred and technological advanced building, with a focus on wellbeing. In addition to its gym, containing London’s first "sky-wall" climbing window at 125 metres above ground, there's also a wellbeing space on the 41st floor, as well as an Active Commuter Park with storage for up to 700 bikes.

Situated on the 38-40th floors, Skadden will benefit from access to over 120,000 sq ft of shared space and amenities throughout the building. This includes "The Market" – 22 Bishopsgate’s 20,000 sq ft food hub, run in partnership with leading hospitality group, Rhubarb; "The Exchange" – a central innovation centre; as well as business events and conference space.

The building incorporates state-of-the-art technology to support productive and agile working and offers touchless entry systems as well as an app that allows residents to book gym classes, pre-order food and drink, and manage the meeting room booking system. 

Picture: a photograph of the wellbeing centre at 22 Bishopsgate, showing people at a yoga class. Image credit: 22 Bishopsgate 

The 15th occupier to commit to the building, Skadden will join a diversified range of businesses representing the technology, sustainable energy, financial, asset management and professional services sectors. Eight occupiers have already completed their office fit-outs and are now beginning to welcome staff to their new homes as restrictions continue to lift. A further six companies across 10 floors are preparing space for occupancy as the year progresses.

Phillip Shalless, Senior Asset Manager at AXA IM Alts, said: “Since restrictions began to ease in March, we have seen a material uplift in occupier enquiries, as businesses reflect on the lockdown-experience and seek adaptable space with best-in-class amenity and smart technology. 22 Bishopsgate, with its emphasis on providing excellent amenities and smart technology that enable the highest levels of wellbeing and productivity, is ideally suited to Skadden.  

"This letting to such a prestigious global law firm as Skadden is both a further endorsement of the appeal of 22 Bishopsgate, and highlights the crucial role that the centre of London continues to play in creating the right space for talent and business to thrive. We look forward to Skadden starting its fit out later this year and to welcoming its staff in 2022.” 

Picture: a photograph of the lobby from 22 Bishopsgate. Image credit: 22 Bishopsgate 

Article written by Ella Tansley | Published 10 August 2021

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