Unsupported browser

For a better experience please update your browser to its latest version.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Whatever happened to... Make's 'Concertina'?

  • Comment

Astragal’s occasional series revisits Make’s proposed office block at Monument

The plan: A curvaceous glass-clad office block, wrapped around the newly renovated Monument to the Great Fire of London. Lauded by CABE but unpopular with English Heritage, which worried that its ‘overly assertive’ nine-storey bulk would detract from the 61m monument, built to commemorate the 1666 Great Fire of London.

Signs of life: US private equity group Carlyle Group bought the 11-15 Monument Street site in 2006. Make’s plans were approved the following November.

What happened next: It seems the Concertina may have fallen victim to its own Great Fire. Reports suggest Carlyle is about to default on the £17 million-loan it took out to buy the site, leaving Make’s designs on the drawing board. It might be a crafty move, given the lender is the now-defunct Lehman Brothers, and in light of the moribund market for office space. ‘The scheme is not a viable option in the current market,’ Carlyle Group’s head of European real estate admitted recently. ‘We hope we can take it forward when the market is a bit more normal.’

And Astragal’s highly scientific ‘will it ever get built’ rating?: 40 per cent. Don’t hold your breath.

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.