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'Legal dispute will not effect Shard of Glass,' vow developers

Two key stakeholders in the Shard of Glass, planned for London Bridge, have hit back at rumours that an ongoing legal dispute will threaten the future of the project.

Both CLS Holdings and the Sellar Property Group (SPG), which between them own a majority stake in the Renzo Piano-designed skyscraper, have denied that court case heard in Jersey last month will affect the scheme.

The hearing took place after a third key Shard stakeholder, Simon Halabi, claimed his stake in the project was wrongfully reduced by the other two owners.

In a statement released on Tuesday, CLS said that progress on the development was going forward 'most encouragingly' and that discussions were in hand with a number of 'interested tenants and funders'.

The company also insisted that preparation for the construction programme was in its final stages.

A spokesperson for SPG also confirmed to the AJ that 'none of these [legal] negotiations have an impact on the development'. According to this source, the developer would be 'extremely surprised' if Halabi were to pull out of the development at this stage.

Meanwhile, the AJ understands that CABE has carried out a design review of buildings at the base of the tower.

by Rob Sharp

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