AXA Investment Managers - Real Assets adds global insurance firm Canopius to 22 Bishopsgate community

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, has added another tenant at 22 Bishopsgate, its flagship London development, having agreed a pre-let on two floors with Canopius, the global insurance group. 22 Bishopsgate is the 1.4 million 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. Over 580,000 sq ft of the building has now been pre-leased. 

Canopius has signed a 10-year lease for 50,000 sq ft of space over the 29th and 30th floors of the 62-storey building, in order to create a new London headquarters. The privately owned speciality insurance and reinsurance group is expected to move its staff to 22 Bishopsgate in 2020. 

22 Bishopsgate offers over 100,000 sq ft of common amenities, social spaces and services that will be available to occupiers as part of the building’s infrastructure, together with a further c. 102,000 sq ft of events and flexible workplace space on offer following the recent lease to Convene. A 22,000 sq ft area of food and dining space, known as The Market, will also be provided on level two and managed by Rhubarb and Young British Foodies.

22 Bishopsgate 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. 22 Bishopsgate’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. 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.  

Further amenities which aim to create an inspiring, healthy and energising workplace for a diverse business workforce include London’s largest cycle park, a gym with climbing window 125m above ground and class-based activity on Level 25 and a wellbeing retreat on Level 41. 22 Bishopsgate will also offer a members’ club on level 57, and a restaurant and bar on floors 59-60. When it opens in 2020, 22 Bishopsgate will also be home to London’s highest public viewing gallery on Level 58 and a curated art walk on the ground floor. 

22 Bishopsgate 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. 

Harry Badham, UK Development Director at AXA IM - Real Assets, commented: “This latest letting is another key endorsement from a longstanding local occupier who has a strong focus on its people. Canopius join three other insurers within the building, all of whom have given special attention to the ability for their new headquarters at 22 Bishopsgate to support their people and their ongoing business success. We are in advanced discussions with several other occupiers and expect to make further announcements shortly.”

CBRE and JLL acted for 22 Bishopsgate while Savills acted for Canopius.

– ENDS –

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

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About AXA Investment Managers

AXA Investment Managers (AXA IM) 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 €757 billion in assets under management as at end of June 2019(1), AXA IM employs over 2,350 employees around the world and operates out of 30 offices across 21 countries. AXA IM is part of the AXA Group, a world leader in financial protection and wealth management.

About AXA Investment Managers - Real Assets

AXA Investment Managers - Real Assets has €85 billion in assets under management, including €64.3 billion in direct property & infrastructure and €16.9 billion in real asset finance as of end of June 2019(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 13 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 2019 – in terms of assets under management

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