Global re/insurer SCOR has finalised a 15-year lease agreement for approximately 50,000 sq. ft of office space at 8 Bishopsgate, a prestigious London office building, in collaboration with Mitsubishi Estate London and Stanhope.
The location, hosting established tenants from various sectors, positions SCOR on over two and a half floors within one of London’s most sought-after office locations, according to InsurTech Insights.
The lease agreement was successfully negotiated by Knight Frank and Newmark BH2, representing Stanhope and Mitsubishi Estate, and CBRE, acting on behalf of SCOR.
This strategic move aligns with SCOR’s sustainability strategy, emphasising its commitment to achieving a net-zero carbon footprint in operations by 2030.
The firm has strategically chosen 8 Bishopsgate to accommodate its London office, fostering collaboration among its teams and joining a vibrant community of industry players. The relocation aligns with SCOR’s commitment to sustainability, creating a greener and more efficient work environment while maintaining a prominent presence in the insurance district.
Thierry Léger, Chief Executive Officer of SCOR, spoke enthusiastically on the news. He said, “SCOR is delighted to announce the relocation of our London office to 8 Bishopsgate, where our team will be joining a vibrant community of industry players. This move reflects our commitment to fostering collaboration among our teams as employees will now be brought together in one building. It also aligns with our dedication to sustainability, as we strive to create a greener and more efficient work environment for our people and a more welcoming space for our partners.”
Shinichi Kagitomi, Managing Director, Mitsubishi Estate London, added, “As we welcome yet another occupier to 8 Bishopsgate, the building continues to cement its position as one of London’s flagship workplaces which meets all of the environmental, technological and high-amenity needs required of today’s premium office schemes.”
David Camp, Chief Executive, Stanhope, said, “The decision of SCOR to make 8 Bishopsgate their new London headquarters is a testament to the enduring appeal of our iconic building. We are excited to welcome them and provide a workspace that meets their high standards. This move further solidifies 8 Bishopsgate’s position as a premier business address within the City of London.”
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