Insurers eye new offices at London skyscraper 22 Bishopsgate

London's newest skyscraper is set to land two more tenants in a fillip for the £1 billion development, the Standard understands.

Property sources said insurers Beazley and Hiscox are in negotiations over taking space in the 62-storey 22 Bishopsgate tower, being developed by Axa Real Estate and Sir Stuart Lipton’s Lipton Rogers Developments.

The pair could take 80,000 sq ft each while agents are also close to landing US insurer Aspen, linked with the tower since last summer. CBRE and JLL are leasing the tower.

The new building, known as TwentyTwo, is in the heart of the insurance district and being marketed as a “vertical village”, with restaurants, shops and even a climbing wall.

The tower is being built on the site of the former Pinnacle skyscraper, a scheme backed by an Arab Investments-led consortium which paid £220 million for the site at the top of the market in 2007.

Construction halted on the scheme in 2012 due to funding issues, leaving a notorious seven-storey core which became known as “the stump”.