Property developer Minerva has hit back at reports that it has shelved plans for its Grimshaw-designed tower in the City of London.
Minerva's development director Tim Garnham told the AJ that despite putting its plans on hold, his firm remains committed to its 217m-tall 'Minerva Tower' building.
However, he did admit that taking the project forward would take 'some time'.
He said: 'We are already making a very significant contribution to the City market. It would be foolhardy to speculatively develop the Minerva building.
'What we're planning to do is look for a funding partner, or someone to take equity in the scheme.'
The developer is making changes to the building's interior to maximise the amount of space that can be let.
Garnham added that his firm was currently ploughing resources into a new office scheme at London's Cannon Street by Foster and Partners.by Rob Sharp