22 Bishopsgate will be the Square Mile’s tallest tower

PLP’s scheme to design a new 62-storey tower in the City of London has got the go-ahead after the final construction contracts were signed off at the end of last week.

Work at KPF’s former Helter Skelter site had been held up after the main investor on the scheme, French insurance firm Axa, sounded out others putting money into the scheme, asking them if they wanted to proceed following the Brexit vote.

 

22 Bishopgate

Source: Hayes Davidson

The tower replaces KPF’s Helter Skelter

 

But Peter Rogers, co-founder of the scheme’s developer, Lipton Rogers, said: “It is all straightforward now. There are no issues and all construction contracts have been signed.”

The confirmed project team includes contractor Multiplex, engineer WSP and subcontractors Careys, William Hare and Severfield.

Axa said its decision to press on with construction demonstrated its “confidence” in both the project and the Square Mile “as one of the leading global centres for international business that will respond to their future business needs”.

The target completion date for 22 Bishopsgate’s has been pushed back a year to 2019.

The prime Square Mile site has a chequered history, after the earlier Saudi-funded scheme – also known as the Pinnacle – was abandoned due to cost issues.

 

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