CMS advises AXA IM - Real Assets on signing of first tenant in City of London tower Twentytwo

International law firm CMS has advised AXA Investment Managers - Real Assets on its agreement with insurance group Hiscox (HSX.L) who have taken up space in City of London tower Twentytwo, signing a 19-year lease over three floors of the building. It will become Hiscox’s principal office in London.

Located at 22 Bishopsgate in the City of London, Twentytwo is a c.1.4m sq ft people-focused development, managed by AXA Investment Managers - Real Assets, on behalf of an international consortium of investors. The tower is currently under construction and due to complete in late 2019. It will accommodate up to 12,000 people.

The CMS core team was led by Real Estate Partner Barry Morris, Associate Holly Lister and Of Counsel John Staheli.

Barry Morris said: “We are delighted to have played a role in securing the very first pre-letting at Twentytwo – this is an important milestone in the success of Twentytwo.”