Skanska has pre-let the eight floor of its 94,000 sq ft (8,733 sq m) office-led development in the City of London to Twentyfour Asset Management LLP.
The City-based, fixed-income asset management company has taken the 9,601 sq ft (892 sq m) eighth floor of the nine-storey property on a ten-year lease.
Andreas Lindelöf, Skanska’s Managing Director of Development in the UK, said: “We have developed a new, top quality, modern office building, sympathetic to its historic location. This first letting, completed before the building work is finished, along with the imminent signing of our second occupier, confirms our view of the strength of demand for City office space.”
Work started on site at The Monument Building in December 2013 under the Workplaces by Skanska banner and has seen three separate buildings (11-15 Monument Street, 46 Fish Street Hill and 1-2 Pudding Lane) demolished and replaced with 90,000 sq ft (8,361 sq m) of office space and 4,000 sq ft (372 sq m) of ground-floor retail accommodation.
The Monument Building, designed by architect Ken Shuttleworth’s Make, features four terraces, a large reception area, state-of-the-art cycle storage and shower facilities. The building, which has recently been fitted with a ‘curtain’ of twisted, anodised aluminium fins on the south façade, will complete in June this year.
Savills represented Skanska in the transaction. Twentyfour Asset Management LLP was advised by Monmouth Dean.