X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LONDON-One of the biggest pre-lettings of the year has enabled Taylor Woodrow to push the start button on its 180,000-sf K2 office scheme at St Katherine’s Dock on the City’s eastern fringe. Mercer, a subsidiary of Marsh & McLennan, has agreed a 25-year lease on 147,713 sf on levels 1 to 6 of the building with an option to occupy a further 23,164 sf on level 7.

Demolition of an existing building on the site, Europe House, will commence later this month, followed by a 20-month construction programme from January 2003. Completion is expected in late 2004. The Richard Rogers-designed building is a seven-storey glass and steel “U” shape with a full height atrium.

Martin Jepson, TW’s Regional Director for Central London said: “Today’s announcement represents a major boost for the City property market and confirms that, despite slower conditions, there is still a demand for world-class buildings.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.