INDUSTRY NEWS

‘Scalpel’ skyscraper will provide 560,000 sq ft of London office space

A huge new skyscraper is set to be the latest addition to grace the City of London skyline.

Nicknamed ‘The Scalpel’, the new construction will join other intriguingly named buildings such as The Cheesegrater, located at 122 Leadenhall Street and 100 Bishopgate, and the Walkie Talkie in Fenchurch Street, that make up a group of skyscrapers in the financial district of London.

If planning permission gets the green light, work will start on the building located at 52-54 Lime Street later this year.

Designed by architects Kohn Pederson Fox, and standing at a height of 190 metres – although the point of the building itself is said to taper at 206 metres – The Scalpel stands slightly higher than the Gherkin.

The building will provide an extra 560,000 sq ft of London office space to the financial district.

It will be the home to US insurance firm WR Berkley, who will use it as the firm’s European Headquarters.

The US firm is set to finance the £500m project itself and will occupy around a quarter of the offices available, with the rest set to be available for let on the open market.

If permission is granted when the proposals go before the City’s planning committee on January 15, work is expected to start later this year with the building set to be completed by 2017.

News bought to you from DeVono Cresa, the award-winning commercial property advisers, specialising in Central London office, retail and leisure space.

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