INDUSTRY NEWS

Walkie Talkie building plans approved

Permission has been granted for Land Securities’ controversial ‘Walkie Talkie’ building.

The 38-story London office space, retail and leisure project will be built at 20 Fenchurch Street and will stand 160 metres tall. Designed by Rafael Vinoly, the building has come under criticism over Land Securities’ refusal to agree to a £1.45 million levy to pay for Crossrail.

The cost is based on a charge of £213.30 per square metre of office space. However, this levy has not yet officially become a part of London’s planning regulations.

‘We are aware that numbers are being bandied about but…there’s currently no legislation on the agreement, what it would be or how it would be applied,’ said a Land Securities spokesperson.

After a public inquiry in 2007, the project was approved by the government and London Mayor Boris Johnson, leading to accusations it was being pushed through without going through the proper processes.

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