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Broken Cheesegrater bolts: results not expected until New Year

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The owners of Rogers Stirk Harbour + Partners’ (RSHP) Leadenhall Building have said they would not be able to release results of tests on the broken bolts until 2015

British Land, which published its half-year results today, said the findings of forensic investigations into the fractured 1m-long bolts would not be made public until ‘the New Year’.

Earlier this month a bolt, described as the size of a human arm, broke on the fifteenth floor of the 47-storey building at 122 Leadenhall Street while parts of another fell from the fifth floor (4 November).

At the time, building owners British Land and Oxford Properties said a ‘number of precautionary measures’ had been taken but insisted there was ‘no risk’ to the structural integrity of London’s latest skyscraper. As well as giving all 3,000 bolts a ‘close-up’ visual, internal inspection the two broken items were sent away for examination, including ‘ultrasound’ tests.

Speaking shortly after the incident Nigel Webb, head of development at group British Land told the Evening Standard the process would take ‘weeks not months’.

But today the company confirmed that a ‘full investigation was being carried out with the results available in the New Year’.

In September it emerged RSHP was in negotiations to relocate its own studios into the 14th floor of the building – a 1,600m² space which could cost about £1 million a year in rent.

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The Leadenhall Building

British Land’s half yearly results 2014/2015

Chris Grigg, chief executive said: ‘This has been another good six months for British Land with strong results from both parts of our business. Our continued outperformance underlines the success of our actions: increasing our business in London; progressing our major development programme; evolving our retail offer; and buying and selling well. Looking forward, we remain confident about the outlook for the business.

‘The economy is growing, interest rates are likely to stay low for some time and investor demand for quality properties in and outside London is strong. Demand for offices in London is improving, supply remains constrained and rental growth now looks firmly established. In retail, economic growth is feeding through to consumer spend and the lead indicators of rental growth in our business are all positive.’

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