Multiplex, the contractor behind the much-delayed Wembley Stadium, is understood to have won a contract to build KPF's Bishopsgate Tower in the City of London.
The 287m-tall tower for developer Arab Investments, referred to as the 'Helter Skelter' and the 'Pinnacle', will be the first major undertaking by Multiplex since its Wembley project, where it posted massive losses.
Many observers speculated that Wembley would be the last major development the company would undertake in the UK, but the firm is now working on what will be one of the most prominent skyscrapers in London's skyline.
There have been concerns over whether the building would go ahead at all following the mini crisis in the global stock markets.
On Monday it was reported that Renzo Piano's Shard of Glass would be delayed due to one of the financial backers losing support from the City (Renzo's backers rubbish rumours of delay to Shard
However, this was vehemently denied by developer Sellar Property Group, which said everything was going to schedule.by Richard Vaughan