The Chartered Insurance Institute (CII) will take office space at 20 Fenchurch Street, known as the ‘Walkie Talkie’, in early 2021.
CII will sublet part of the Chartered Institute for Securities & Investment’s (CISI) existing office space. Both professional bodies reviewed their property footprints as a result of the Covid-19 pandemic.
The arrangement will see the CISI remodel its space in the building to create a new physically separate office for CII for a lease of five years. 20 Fenchurch Street will serve as the main headquarters for both international organisations, which will remain legally separate.
CII currently has offices in South Woodford and Lombard Street in Central London. Both premises will be vacated by the end of December.
CISI will embrace a new way of working with a split of remote and office working for its London-based staff. CII had already established an ‘Anytime Anywhere’ approach to working, which has enabled this move to take place.
Simon Culhane, chief executive officer of CISI, described the partnership as “a great opportunity for both organisations.”
He continued: “During 2020, we have learnt the benefits of our staff being able to work remotely and how this positively contributes to productivity and well-being. Therefore we have taken a decision to remodel our existing property footprint by creating two separate offices on our floor. We are delighted that this change has offered us a positive new opportunity.”
Sian Fisher, chief executive officer of CII, said: “The Walkie Talkie will be a modern and dynamic business hub for us, which meets the evolving needs of our organisation with community space for staff and visitors, both on our floor and from other features of the building like the Mezzanine and Sky Garden. We look forward to being neighbours of our sister professional body CISI from 2021.”