City of London's latest landmark development underway (UK)

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).


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

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