LLOYD’S IN TALKS TO LEAVE ONE LIME STREET

The Lloyd’s insurance market is in talks with developers about a move away from its iconic One Lime Street headquarters, according to a report in the Sunday Times. The newspaper said that Lloyd’s is in discussions with several developers but favours a move to a yet-to-be-built skyscraper known as Gotham City. The 36-storey tower in Leadenhall Street is planned for 2020, close to the current Lloyd’s Building in Lime Street. No agreement has been signed between Lloyd’s and the tower’s developer TIAA Henderson Real Estate and a decision could be six months away, the Sunday Times reported. Sources told the newspaper that Lloyd’s could look at other developments or use the proposed move to force lower rent on Ping An, the Chinese insurer that owns the Richard Rogers designed Lloyd’s 1986 building. The newspaper also reported that Marsh & McLennan is also in discussions with Henderson.