Despite the current state of the commercial building market, the construction of the Shard of Glass is right on schedule in London.
The building was designed by Renzo Piano and scheduled for completion in 2012. The 310m-tall tower which will rise above London Bridge Station will, for a short time become western Europe’s tallest building and will tower over Cesar Pelli’s One Canada Square, London’s current record-holder at 235m.
The gloomy commercial market has not scared of funding by four Qatari banks, which came after European developers – including Credit Suisse – backed out in 2007. Specifically, the funding is being provided by QInvest, Qatar National Bank, Qatari Islamic Bank and Barwa, along with the UK-based property developer Sella.
Further reading can be found online at:
“Work to start on London’s 1000ft Shard of Glass” (Devono, March 23, 2009)
“Shard of Glass Giant to be Tallest Building” (Hot Property)
“Work begins on Shard of Glass” (The Architects’ Journal, March 16 2009)