Affinity, which is based in London but also operates in Singapore, Sydney, Melbourne, Perth, Seoul and Houston, is relocating from its current HQ in Tower 42.The company has signed a ten year lease on the 6,584 sq ft floor with a five year break option.
The building, which at 224 metres is the tallest in the City of London and was designed by Rogers Stirk Harbour + Partners.
Prime office rents in the Square Mile are higher now than at their peak level in 2007 at the onset of the financial crisis. City office rents at the end of Q1 stood at £65 per sq ft, compared to £63.50 per sq ft in Q3 2007, around the time queues were forming outside branches of Northern Rock Bank.
Demand for offices reached 9.3m sq ft in the 12 months to the end of March, compared to a 10-year average of 6.8 m sq ft. The demand figure for 2007 was 8.4m sq ft. However, there was just 6.8m sq ft of available office space on the market at the end of the quarter, down from 10m sq ft a year ago.