Lloyd’s of London to stay at distinctive HQ until at least 2035

(Reuters) — Lloyd’s of London has said it will stay in its City tower until at least 2035 after the insurance market extended its lease with the building’s owner, Chinese insurer Ping An.

In a statement Monday, Lloyd’s said it had agreed on an extension of its tenure at One Lime Street until 2035, with an option to extend to 2040.

The grade 1-listed tower, designed by British architect Richard Rogers, was completed in 1986.

The 14-story building’s external lifts and service pipes have made it a landmark in the City, though in recent years it has been dwarfed by newer, taller skyscrapers.

Lloyd’s said it would continue to renovate the building — owned by Ping An since 2013 — to make it more energy efficient.