AXA IM - Real Assets secures Beazley at Twentytwo

AXA Investment Managers - Real Assets secures Beazley at Twentytwo, its innovative new London workplace development

AXA Investment Managers - Real Assets (“AXA IM - Real Assets”), a global leader in real asset investments and the leading(1) real estate portfolio and asset manager in Europe, continues to build leasing momentum at its flagship London development, Twentytwo, having agreed a pre-lease with Beazley plc (“Beazley”), the London stock exchange listed leading international specialist insurer. Twentytwo is the 1.4m sq ft (130,000 sqm) people-focused office development in the heart of London being managed by AXA IM - Real Assets, on behalf of an international consortium of investors, with Lipton Rogers Developments retained as developer.

Beazley was drawn to Twentytwo by the values it shares with the ethos of the building, including offering businesses the flexibility to continue to grow and create an excellent workplace for staff, supported by shared amenities, technology and with a strong focus on personal wellbeing. Having Twentytwo as its new global headquarters allows Beazley to improve its staff environment by creating a new agile working space, whilst at the same time improving the efficiency and productivity of its office space. A notable example being that, due to the shared on-demand services at Twentytwo, Beazley can reduce the amount of leased floor space it requires and instead leverage its use of the significant amount and broad-range of shared amenities on offer throughout the building such as conference and events space, a food market, an onsite gym/relaxation facility as well as showers, cycle storage and repair facilities.

Beazley is taking 50,000 sq ft (4,645 sqm) on the 12th and 13th floors of the 62 storey building, on a 15-year lease, as well as an option to expand over half (12,500 sq ft (1,161 sqm)) of the 11th floor, providing it with future flexibility within the building, which has been an important part of AXA IM - Real Asset’s occupier offer at Twentytwo.

Currently under construction the core of the building is already up to level 58 and with steel flooring and glazing reaching the 54th and 41st floors, respectively, Twentytwo is on schedule to complete in late 2019.

Twentytwo is a new, people-focused workplace destination, which will be Europe’s first vertical village, and expected to accommodate a community of up to 12,000 occupiers and visitors. It has been designed to put user experience and human interaction at the centre of its offer and will be the first major London building to embody the structural and cultural shifts in how people work and live, embracing a range of community amenities and using the latest technology.

Twentytwo’s central themes of wellbeing and community aim to allow tenants to benefit from the direct correlation between happiness at work and quality of workplace with increasing an individual’s productivity and creativity. To help achieve this, Twentytwo will house a diverse range of community spaces covering over 100,000 sq ft (9,290 sqm) and providing its occupants with access to a fresh food market, innovation hub, gym with London’s first climbing window 125 metres from the ground, wellbeing retreat and spa, business club, bike park, as well as the capital’s highest free public viewing gallery, with art interventions throughout.

Twentytwo will also be built and managed to the highest technology and sustainability standards, in order to support the varying needs of businesses today and in the future and is the first building in the UK to apply for the Delos WELL Building Standard.

Munira Hirji, Head of Commercial Management at Beazley, said: “At Beazley, we strive to provide our employees with a working environment that fosters collaboration and creativity and is efficient. We believe Twentytwo fully satisfies these conditions as well as offering us the flexibility to continue to grow.”

Harry Badham, UK Development Director at AXA IM - Real Assets, commented: “Working with the team at Beazley and partnering with them at Twentytwo to create their new London office further strengthens our conviction that the offer we are delivering, is both resonating with and highly appealing to occupiers seeking a long term home where they can grow. We have been able to demonstrate again how we are creating an exceptional place for the wellbeing and productivity of staff, whilst at the same time supporting a highly efficient and flexible business case, and we look forward to welcoming them into the building. We continue to receive strong levels of interest from a broad range of occupiers and look forward to announcing further members of our growing Twentytwo community in the near future.”

CBRE and JLL acted for Twentytwo while Squarebrook acted for Beazley.

– ENDS –

1 Source: INREV/ANREV Fund Manager Survey – May 2018 – in terms of assets under management


Press Contacts

AXA Investment Managers - Real Assets
Charline Coué, Media Relations Manager
Jocelyne Tamssom, Head of Communications
Tel: +33 1 44 45 97 95

FTI Consulting Inc.
Richard Sunderland, Richard Gotla, Ellie Sweeney, Tom Gough
Tél: +44 20 3727 1000

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Note to editors

AXA Investment Managers is an active, long-term, global, multi-asset investor. We work with clients today to provide the solutions they need to help build a better tomorrow for their investments, while creating a positive change for the world in which we all live. With approximately €759 billion(1) in assets under management as at end of June 2018, AXA IM employs over 2,390 employees around the world and operates out of 30 offices across 21 countries.

AXA Investment Managers - Real Assets has €77 billion in assets under management, including €58.6 billion in direct property & infrastructure and €14.8 billion in real asset finance as of end of June 2018(2). We offer a 360° approach to investing in real assets, which comprises opportunities in equity or debt, across different geographies and sectors, as well as via private or listed instruments. We are a global leader in real assets investment, the number one property portfolio and asset manager in Europe(3), and one of the largest worldwide. Our teams have been managing funds and mandates for over 30 years and comprise over 600 people in 14 offices that operate in over 20 countries around the world, which provide us with in-depth knowledge of countries, cities and sectors.

AXA Investment Managers is part of the AXA Group, a world leader in financial protection and wealth management.

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1 Source: AXA IM unaudited data

2 Source: AXA IM - Real Assets’ unaudited data

3 Source: INREV/ANREV Fund Manager Survey – May 2018 in terms of assets under management


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