The British Land Company PLC (UK)Company
City of London's latest landmark development underway (UK)
Friday 28 January 2011
Construction has recommenced on what is set to become one of the most iconic buildings in London’s Square Mile, British Land and Oxford Properties’ The Leadenhall Building. Following an announcement in late December 2010 on the completion of a joint venture partnership between British Land and Oxford Properties for the 610,000-ft² (approx. 56,670-m²) development, photos revealed show the scheme’s contractors back on site and pressing ahead with piling works (the laying of structural support for the building).
Leadenhall
The Leadenhall Building is due for completion in mid-2014.
Located at 122 Leadenhall, the tapering 47-story, 736-ft (224-m) tower was designed by Rogers Stirk Harbour and Partners and is due for practical completion in mid-2014.

Combining flexible office space with retail and dining facilities, the development features a spectacularly landscaped, seven-story open space at the base of the building, which covers nearly half an acre and is of a scale unprecedented in London.

The development's tapering shape delivers floor plates of varying size, ranging from 21,000 ft² on the lower floors to 6,000 ft² at the top of the tower, all with spectacular views over the capital. Great care has been taken to ensure the design of the building complements the surrounding architecture, particularly with regard to London’s viewing corridors. Seen from the west looking towards St Paul's Cathedral, The Leadenhall Building will appear to 'lean away' from the historic monument.

Nigel Webb, Head of Developments at British Land, said: “Since completing the joint venture partnership with Oxford Properties late last year, we have moved quickly to return to site and forge ahead with the construction of this iconic new London building. The Leadenhall Building is already generating strong interest from a broad range of occupiers in the insurance, financial, professional and corporate business sectors and will complete at a time when we believe strong demand and supply constraints will coincide.”

Richard Pilkington, Development Director, Oxford Properties added: “Our plan was always to move quickly in the New Year and it’s great to see major construction activity on the site again, giving confidence to the occupier market that The Leadenhall Building will be delivered by mid-2014.”

Source: FD
Print   Send to a friend   Rate   Write comment No ratings for this article
More articles of The British Land Company PLC
More News
Related companies, people, projectsArticles in related categories
  • Real Estate Development
  • Real Estate Finance
  • Real Estate Investment
UK news
Royal Wharf, one of Central London's largest mixed-use development opportunities, on the market (UK) Royal Wharf is a substantial residential-led, mixed-use development extending to approximately 37... 25/4/13 14:27
British Land acquires London portfolio from Wereldhave for £183.8 million (UK) British Land has acquired a portfolio of properties in London from Wereldhave for £183.8 million.... 11/2/13 13:09
Knight Frank: 70% of London offices sold in 2012 went to foreign buyers (UK) Knight Frank unveiled its latest analysis and forecasts for the central London office market at the... 5/2/13 08:41
LondonMetric makes debut purchase of £92.4 mln retail warehouse portfolio (UK) LondonMetric Property Plc, the UK REIT recently created through the merger of London & Stamford... 31/1/13 09:02
Laxfield Capital launches £1 bln UK commercial mortgages program (UK) Laxfield Capital, the commercial mortgage origination, investment management and advisory business,... 28/1/13 09:10
Grainger partners with APG to create GRIP, a £349 million UK residential property fund (UK) Grainger plc, the UK's largest listed residential landlord, announces the creation of the GRIP unit... 22/1/13 08:29
Alvarez & Marsal advises Maybourne Hotel Group on debt refinancing (UK) Alvarez & Marsal (A&M), the global independent professional services firm, has advised London based... 11/1/13 12:11
26 Old Queen Street, SW1, sold for residential development for £7.8 million (UK) Christ’s Hospital Foundation has completed the freehold sale of 26 Old Queen Street in the Birdcage... 11/1/13 11:00
CBRE: Hong Kong-Central remains world's most expensive office market The dominance of Asia-Pacific in the top 10 most expensive business locations worldwide continued,... 10/1/13 09:50
SEGRO sells two large non-strategic assets and a small portfolio of non-core regional assets (UK/DE) SEGRO, Europe’s leading owner-manager and developer of industrial property, is today announcing... 8/1/13 10:29
Global sites: Amsterdam · Belgium · Emirates · Europe · Germany · Holland · Recruiter · Retail · Rotterdam · Turkey · UK
© 2000 - 2013 Europe Real Estate Publishers. All rights reserved. Contact us. Send your press releases.
 
-