Major Investment Properties

The Leadenhall Building, a skyscraper having a height of 225 metres (738 feet) tall, is one of the iconic buildings in the Central London district. The building’s distinctive wedge-shaped architectural design has created several specific spaces to cater for the different needs of the tenants’ businesses. The combination of modern offices and food experiences in the neighborhood enables tenants’ businesses to attract and retain talented people working there. The property consists of 46 floors which are used mainly for office purposes and will be held by the Group as investment property for long-term capital growth. It comprises approximately 610,000 sqf of office and retail space and is fully let with a weighted average unexpired lease term of approximately 8.8 years with 7.5 years on a term-certain basis. The building’s tenant base includes several renowned international insurance companies alongside other financial institutions, technology, and professional service businesses. The current annual contract rent of The Leadenhall Building is around GBP41.8 million (31 December 2023: GBP40.6 million). The office space was fully leased as at 30 June 2024. The rental yield is approximately 3.6% (31 December 2023: 3.5%) per annum.