Lloyd’s extends stay at One Lime Street until 2035

Lloyds of London will remain in its iconic headquarters until 2035, with an optional extension in place to extend its stay until 2040.

The agreement to stay at One Lime Street was struck with Chinese insurer Ping An, which has owned the historic grade I listed building in London since 2013.

Lloyd’s said an important element of the lease terms is an agreement between both parties to invest in decarbonising and improving the energy efficiency of the building over the next five years.

The lease extension will enable Lloyd’s to continue renovating workspaces and make further internal refurbishments to upper galleries and common spaces, it said. This will include the installation of energy-efficient building infrastructure to reduce the overall carbon footprint of the building, and improved services.

Lloyd’s chairman Bruce-Carnegie Brown said: “The Lloyd’s building holds a special place in our market’s collective consciousness. The changes we’ve made to the ground floor this summer signal the start of our ambitions – but there’s more to come, and we’ll be redesigning other spaces in the Lloyd’s Building to support our market’s collaboration and innovation. We’ll continue to monitor how the changes are working so One Lime Street can remain the iconic and dynamic space that our market and customers need it to be.”