Lloyd’s has reportedly secured a new lease agreement with the insurance marketplace’s landlord to remain in its renowned London headquarters for at least another 18 years.
It was noted that the agreement in place at present features a break clause, which will be removed, and that the lease would end in 2031 if not for the soon-to-be-announced extension.
According to Sky News, the new terms – including yearly increases in rent ranging from 3% to 5% – could be unveiled as soon as next week.
The Lloyd’s underwriting room within the iconic building reopened for face-to-face trading in September following a 10-week refurbishment.
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