Lloyd’s Register (LR) has exchanged contracts for the sale of 70 Fenchurch Street, EC3, to Henderson Park, the international real estate investment manager.
The transaction follows the organisation’s relocation to its newly refurbished headquarters at 71 Fenchurch Street, London, now officially renamed the Lloyd’s Register Building.
70 Fenchurch Street, commissioned by LR and completed in 2000, was designed by Rogers Stirk Harbour + Partners (RSHP). The building has won multiple architectural awards and served as LR’s global headquarters for more than two decades.
LR has now consolidated its London workforce into the adjacent Grade II* listed building at 71 Fenchurch Street, originally opened in 1901 and recently modernised to support hybrid working and collaboration. The restoration preserves the historic character of the site while creating a more efficient, digitally enabled workspace for LR and Lloyd’s Register Foundation.
Nick Brown, Chief Executive Officer of Lloyd’s Register, said: “The sale of 70 Fenchurch Street and our move into the refurbished Lloyd’s Register Building mark an important step in aligning our estate with the needs of a modern, global organisation. This enables us to focus investment on our people, our digital capabilities and the services that support our clients across the maritime industry.”
Henderson Park and YardNine, a central London’s office developer, plan to reposition 70 Fenchurch Street as prime, Grade A workspace. RSHP and Arup, both involved in the original development, have been appointed to advise on the refurbishment.
LR was advised on the sale by CBRE and Herbert Smith Freehills Kramer.