40 Leadenhall Street
40 Leadenhall Street is a proposed office-led development in London that has been approved for construction. It is located within the City of London financial district and is one of a number of new building developments for the area.
| 40 Leadenhall Street | |
|---|---|
 Artist's impression | |
| |
| General information | |
| Status | Approved |
| Address | 40 Leadenhall Street |
| Town or city | London, EC3 |
| Country | United Kingdom |
| Cost | £875million (estimate)[1] |
| Client | Henderson Global Investors |
| Height | 155 m (170 m AOD)[2] |
| Technical details | |
| Floor count | 34 |
| Floor area | Offices: 890,000 square feet (82,700 m2) Retail: 20,000 square feet (1,900 m2)[3] |
| Design and construction | |
| Architecture firm | Make Architects |
| Website | |
| 40leadenhall | |
The development site is currently being cleared. Construction will commence in early 2020 with a three year build period.
Site ownership and location
The development site, known as the Leadenhall Triangle, was purchased by Henderson Global Investors in June 2011 for around £190 million.[4]
It is situated in the Aldgate ward in the eastern portion of the City of London, and is a short distance from the Leadenhall Building and the Lloyd's building.
Planning application
In October 2013 Vanquish Properties (UK) Limited Partnership applied for planning permission to construct a building comprising 10, 14 and 34 storeys to a maximum height of 170m(AOD) on a site bounded by 19-21 and 22 Billiter Street, 49 Leadenhall Street, 108 and 109-114 Fenchurch Street, 6-8 and 9-13 Fenchurch Buildings.[5] The listed building at 19 - 21 Billiter Street is to be retained whilst all other existing properties on the site will be demolished.[6]
Planning permission was granted by the City of London Corporation on 29 May 2014, following a resolution to grant permission by the Planning and Transportation Committee on 25 February 2014, subject to certain planning obligations being met.[7][8]
Following Brexit, the developer announced that construction will only go ahead when a sufficient amount of office space has been pre-let.[9]
In October 2019 it was announced M&G and Prudential have bought the site and will fund its construction for £875m with a final development value of £1.4bn. Build started in 2020[10] after Keltbray completed clearing the Leadenhall Triangle site. This is despite no pre-let.
Design
The building varies in height by being laid in a series of vertical slices ranging from 7 to 34 stories at the Leadenhall Street end.[3]
References
- Richard Waite (17 September 2013). "Revealed: first images of Make's Leadenhall high-rise scheme". Architects Journal. Retrieved 8 November 2013.
- "City of London - Planning Applications". City of London. 13/01004/FULEIA "South Elevation". Retrieved 8 November 2013.
- "Henderson Global Investors launches plans for new office building at 40 Leadenhall Street". Henderson Global Investors. 17 September 2013. Retrieved 8 November 2013.
- "Leadenhall Triangle sale completed". City AM. 22 June 2011. Retrieved 7 November 2013.
- "City of London - Planning Applications". City of London. 13/01004/FULEIA. Retrieved 7 November 2013.
- Mark Wilding (30 October 2013). "Make submits 34-storey City tower plans". Building Design. Retrieved 8 November 2013.
- "Planning and Transportation Committee - Minutes 25 February 2014". City of London Corporation. 25 February 2014. Item 5a and 5b. Retrieved 12 March 2014.
- "City resolves to grant planning permission for 40 Leadenhall Street". Make. 25 February 2014. Archived from the original on 5 July 2014. Retrieved 12 March 2013.
- Dransfield, Louise. "Make's £400m Gotham City tower is paused amid Brexit uncertainty". Building Design. Retrieved 21 July 2016.
- "Piling commences at 40 Leadenhall Street in the City of London".