The lease agreement is for 101,000 sf on a 20-year term with breaks at 10 years and 15 years. In addition, to allow for future growth, BP has agreed terms to lease a further 27,000 sf on a five-year lease, with an option to extend this so it runs concurrently with the other lease.
20 Canada Square is the only speculative building currently available at Canary Wharf, although a large amount of space is available for sub-letting from existing occupiers. The 535,500-sf 12-floor glass and steel building was designed by Skidmore Owings & Merrill. It offers large floor plates of typically 40,000-45,000 sq ft. Global information services provider the McGraw-Hill Companies will also be occupying 266,000 sf at 20 Canada Square and will be moving in during January 2004.
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