Leading Insurance Tech Firm Saves £360k in Costs by Downsizing

Stubben Edge
3,393 sq ft – 77 Cornhill EC3

We engaged with a leading Insurance Technology firm who were no longer using their office space to
its full capacity. In particular, the firm occupied two floors in a building, but with its new hybrid working policy it was clear that only one floor was required. With a tenant break option due in March 2026, there was only a short window, c. 18 months, to generate savings.

Hallett worked with the client to devise a strategy to dispose of one of the clients existing floors, with
the aim of capturing as much savings in occupational costs as possible within the 18 month
timeframe, whilst causing minimal disruption.

By implementing a highly effective marketing campaign, Hallett was able to source a new tenant,
agree terms and complete a sub-letting of the floor, all within 4 months of gaining instructions.

Cost Benefit 
Total savings, calculated from completion of the sub-letting up to the clients break option, equated to
c. £360,000.

Sam Tucker – CFO, Stubben Edge
Excellent market knowledge and always a pleasure to work with. Helped us examine all our options
thoroughly and represented us well in achieving strong deal terms.