[ad_1]
It is one of the most recognisable buildings in Britain.
The Lloyd’s Building on Lime Street in the City, designed for the world’s oldest insurance market by the visionary architect Richard Rogers, revolutionised the way we look at buildings by positioning lifts and ducts on the outside in order to maximise available space on the inside.
By the end of the decade, though, it may be being used by a different tenant from the one that provides its name.
The market is holding a review in response to changing working habits and React News, the real estate market intelligence provider, reports that, although Lloyd’s of London’s lease on the building does not run out until 2031, there is a break in the contract that it could exercise in 2026 if it wants to leave early.
Lloyd’s was quick to close its underwriting room – specifically designed to bring people together to write reinsurance contracts face to face – at the start of the pandemic.
From a capacity of up to 7,000 people in the room, prior to the pandemic, just several hundred people were working there by the middle of 2020.
Now the market is having to think about how many people, in future, will be seeking to locate themselves physically in the building.
Lloyd’s said: “As we adapt to new structures and flexible ways of working, we are continuing to carefully think about the future requirements for the spaces and services our marketplace needs.
“Currently, like many other organisations, we are considering a range of options around our workspace strategy and the future leasing arrangements for Lloyd’s.”
Were Lloyd’s to leave the Lloyd’s Building, it would be an extraordinary moment.
The word iconic is overused, but when it comes to this building, it is entirely appropriate.
The Lloyd’s Building, which took eight years…
[ad_2]
Source : skynews
