The U.K.’s second-largest landlord, British Land Co. PLC, on Monday said it has signed a joint venture with Oxford Properties—the real-estate arm of the OMERS Worldwide Group of Companies, one of Canada’s largest pension funds—to develop the Leadenhall Building, dubbed the “cheese grater” because of its tapered design.
“The building, designed by the famous Richard Rogers and his partners, will stand opposite his iconic Lloyd’s of London building and have a distinctive tapering form which is said to protect views of St Paul’s Cathedral from Fleet Street. This tapered glass façade will reveal the building’s steel bracings and a ladder frame emphasising the sharp, vertical appearance of the tower. Controlled blinds will automatically adjust to limit unwanted solar gain and glare. The northern support core is conceived as a detached tower containing all passenger and goods lifts.”