Lease Renewal Not Final, but Lloyd’s Expects to Remain at Lime Street Building
The company says as it adapts to new structures and flexible ways of working, it will continue to think about the future requirements for the spaces and services its marketplace needs.
- David Pilla
- August 2022
Leasing arrangements have yet to be finalized, but Lloyd's said it plans to remain at its 1 Lime St. building in London.
“We're building the marketplace of the future, which means having both a fully integrated digital offering and a thriving physical space for our market to convene,” Lloyd's said in an email. “While our workplace strategy and future leasing arrangements remain under consideration, our preference is to stay in the building if the right terms are agreed. We remain on course to confirm our plans later this year.”
Lloyd's earlier said it was considering options for its 1 Lime St. headquarters.
“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,” a Lloyd's spokesperson said in an email.
“Currently, like many other organizations, we are considering a range of options around our workspace strategy and the future leasing arrangements for Lloyd's. We are aiming to share our plans during 2022.”
In its annual report, Lloyd's said the most significant of the leases it has is the 1986 (1 Lime St.) building. “There is an option to terminate the lease in 2026,” Lloyd's said in the report. “There has been no management decision to exercise the break before the end of the lease in 2031.”