October 26, 2010

Construction on skyscrapers in London has been slow due to the credit crunch, but is about to restart thanks to new partners that will be able to mitigate development risks.

According to the Wall Street Journal:

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.

British Land Co. PLC’s 47-storey tall Leadenhall Building, with architect Rogers Stirk Harbour + Partners, will cost £340m million to develop, will combine public space, retail and leisure facilities with office space.

Why the nickname Cheese Grater?? Look at the rendering above!! According to Visit The City:
“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.”
Demolition and preliminary basement work has already been completed.

The building will be one of the tallest in the city.

But, they are not the only builders moving forward. Last week the UK’s largest landloard and developer, Land Securities Group PLC, said that it was restarting a $781.1m development with the alias “Walkie Talkie”. Why the name Walkie Talkie?? See rendering below…
Both building are due to open by 2014.,

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