BP will take floors one, two and three and part of floor four on a 20-year term with tenant only breaks at 10 and 15 years. If no break is exercised at the end of the 10th year, a one-year rent-free period will be granted.
And at the same time BP has taken options on the remaining 30,800 sf on floor four, 40,900 sf on floor five and 47,000 sf on floor six, all exercisable between April and November 2004.
The recently completed 535,000-sf 12-floor glass and steel building wasdesigned by leading architects Skidmore Owings & Merrill. The building is bordered to the south by the five acre Jubilee Park and the new Clifford Chance, Northern Trust and Lehman Brothers headquarter buildings.
Canary Wharf Group chief executive George Iacobescu says: "We are happy to have been able to satisfy the present and future requirements of IST."
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