Skanska has secured a double letting to leading, pan-European property company M7 Real Estate Ltd at The Monument Building, its 94,000 sq ft (8,733 sq m) office-led scheme in the City of London. This latest letting leaves just one floor remaining in the 10-storey development which is located next to the Monument to the Fire of London.
M7 has taken two floors at The Monument Building, totalling 22,236 sq ft (2,066 sq m), to accommodate its rapidly expanding business. With operations in 13 countries, the leading specialist in pan-European, multi-let real estate has c. €2.5billion assets under management employing over 130 staff in 13 countries.
M7 will occupy the third and fourth floors, joining existing tenants Maxis, UnderwriteMe Techonology Solutions, TwentyFour Asset Management, Booking.com and Portuguese bank Caixa Geral de Dépositos in the office space, along with Olive & Squash and Le Pain Quotidien, located in the ground floor retail units.
Neal Pickering, Skanska’s Development Director, said: “With this letting, M7 becomes the largest occupier of the Monument building, taking advantage of the quality accommodation in a great location. We have another floor under offer which leaves just one remaining for which we have a great deal of interest.”
Jack Thoms, Director, Head of Investment Management at M7 Real Estate Ltd comments: “The building’s inspiring features will make this a great location from which to continue to build our business. Our staff are very much looking forward to enjoying all of the amenities that the building offers, including its cycle storage facilities, showers and on-site food outlets in this highly regarded City location.”
The Monument Building, designed by architect Ken Shuttleworth’s Make, has a distinctive ‘curtain’ of twisting, anodised aluminium fins on the south façade, creating a new backdrop to the historic Monument.
Savills represented Skanska in the transaction and Compass Real Estate advised M7 Real Estate Ltd.