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FINANCE | 01.11.2016

MAPFRE acquires Dixon House, a premium building in the city of London

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Its nearly 4,500 square meters will be used for office rental and to accomodate MAPFRE’s subsidiaries in the UK
MAPFRE has acquired the Dixon House building, an historic development located at the heart of the City of London, for £35.1million and will spend a further £16.2million refurbishing the buidling for a total cost of £51.3million (69,9 €million) from funds managed by real estate firm GreenOak.

The 4,473 square meters building is located on Lloyd’s Avenue and Fenchurch Street, in the insurance district of the City, and very near the Lloyd’s Building. The premises will be mostly used for office rental, altough it is also expected to accomodate MAPFRE’s subsidiaries in the UK: MAPFRE RE, MAPFRE GLOBAL RISKS Y MAPFRE ASISTENCIA.

The building, erected in 1900, is based on a site formerly occupied by the East India Trading Company; Lloyd’s Bank and West of England Ship Owners Mutual Insurance have been some of the previous tenants during the 20th. Century. Dixon House is currently beingrefurbished with an expected completion by May 2017.