Rogers Stirk Harbour + Partners’ 47-storey ‘cheese grater’ tower in the City of London will start on site in early 2011
Construction of the 225 metre-tall skyscraper stalled two years ago but was officially revived today following the finalisation of a joint venture agreement between site owner British Land and Canadian investor Ontario Municipal Employees Retirement System (OMERS).
The 57,000m² scheme features a four-storey ‘public realm’ at its base. Practical completion is expected in the second quarter of 2014.
Developer British Land is forming a joint venture with Oxford Properties, the real estate arm of OMERS. The news comes just days after it was announced work is also to begin on another huge central skyscraper project - Rafael Viñoly’s stalled £500 million Walkie Talkie tower.
Chris Grigg, chief executive of British Land said: ‘We are delighted to be announcing the development of the Leadenhall Building.
‘With its unique and iconic architecture, it is a building which will provide an unbeatable combination of style, presence, location and office floor space in the heart of the City of London. Our partnership with Oxford Properties, brings together two world-class property companies with proven development and asset management expertise.’
Mitchell Taylor Workshop won a competition in 2009 to design a £125,000 city farm for the stalled skyscraper’s 0.4 hectare site. The project was however unrealised.
British Land had originally aimed to complete the scheme, officially known as at 122 Leadenhall, by 2011.