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
StatusApproved
Address40 Leadenhall Street
Town or cityLondon, EC3
CountryUnited Kingdom
Cost£875million (estimate)[1]
ClientHenderson Global Investors
Height155 m (170 m AOD)[2]
Technical details
Floor count34
Floor areaOffices: 890,000 square feet (82,700 m2)
Retail: 20,000 square feet (1,900 m2)[3]
Design and construction
Architecture firmMake Architects
Website
40leadenhall.co.uk

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

  1. Richard Waite (17 September 2013). "Revealed: first images of Make's Leadenhall high-rise scheme". Architects Journal. Retrieved 8 November 2013.
  2. "City of London - Planning Applications". City of London. 13/01004/FULEIA "South Elevation". Retrieved 8 November 2013.
  3. "Henderson Global Investors launches plans for new office building at 40 Leadenhall Street". Henderson Global Investors. 17 September 2013. Retrieved 8 November 2013.
  4. "Leadenhall Triangle sale completed". City AM. 22 June 2011. Retrieved 7 November 2013.
  5. "City of London - Planning Applications". City of London. 13/01004/FULEIA. Retrieved 7 November 2013.
  6. Mark Wilding (30 October 2013). "Make submits 34-storey City tower plans". Building Design. Retrieved 8 November 2013.
  7. "Planning and Transportation Committee - Minutes 25 February 2014". City of London Corporation. 25 February 2014. Item 5a and 5b. Retrieved 12 March 2014.
  8. "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.
  9. Dransfield, Louise. "Make's £400m Gotham City tower is paused amid Brexit uncertainty". Building Design. Retrieved 21 July 2016.
  10. "Piling commences at 40 Leadenhall Street in the City of London".

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