Lloyd's of London (SOLYD.UL) is considering whether to remain in its flagship City of London headquarters and may make a decision this year, the commercial insurance market said on Tuesday. — Reuters
The news comes just over a month after the death of its Pritzker-winning architect in London at the age of 88. A Lloyd’s spokesperson pointed to the shifts in workplace culture brought on by the Coronavirus as significant factors behind the potential change.
The insurance giant's headquarters is one of several listed buildings in the Lime Street vicinity and was bought in 2013 by a Chinese insurance company, which holds the current lease until 2031 with a clause that can be broken in 2026, according to a real estate publication called React.
"As we adapt to new structures and flexible ways of working, we are continuing to carefully think about the future requirements for the spaces and services our marketplace needs," the company said in an email to Reuters. "Like many other organisations, we are considering a range of options around our workspace strategy and the future leasing arrangements for Lloyd’s. We are aiming to share our plans during 2022."
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