A specialist global insurance provider has taken office space in Mitsubishi Estate London and Stanhope’s 8 Bishopsgate, EC3.
CFC Underwriting, which focuses on cyber risk, will occupy 90,000 sq ft across six floors in the 50-storey skyscraper on a 15-year lease.
It will relocate from its current headquarters at 85 Gracechurch Street, EC3. Staff will be based on floors 10-15 of the building, where it will have exclusive use of a landscaped terrace on level 11.
The deal takes the building to 80% let or under offer after a flurry of deals. This includes law firm King & Spalding, which took 41,000 sq ft across floors 27-31 on a 10-year lease in October.
See more: How 8 Bishopsgate is making its mark on the City
Newmark BH2 and Knight Frank acted for Mitsubishi Estate London and Stanhope. HK London acted for CFC. Legally, Mitsubishi Estate London were represented by CMS and CFC by Wedlake Bell.
Shinichi Kagitomi, managing director of Mitsubishi Estate London, said: “8 Bishopsgate’s success in attracting an innovative company like CFC demonstrates the building’s continued appeal to businesses with expansion-led requirements.”
David Camp, chief executive of Stanhope, said: “CFC’s choice to expand within 8 Bishopsgate reflects the appeal and prestige that our location offers.”
Michael Grist, chief financial officer at CFC, said: “With over 840 global staff, and counting, this magnificent new workspace for over 1,000 people positions us perfectly to accommodate our future plans and continue attracting top talent. We’re especially proud to join the UK’s first tower to speculatively target BREEAM Outstanding and one designed with sustainable materials which minimises its environmental impact through smart technologies, reducing water use and boosting biodiversity.”
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