INDUSTRY NEWS

WR Berkley reveals ambitions for planned London office space

US insurance firm WR Berkley has revealed that its planned construction of a skyscraper in London will symbolise its plans to expand out into Europe.

The building, which has been designed by international architects, Kohn Pedersen Fox, to resemble a scalpel stood upright, will provide around 35-storeys of London office space.

WR Berkley plans use a quarter of the building’s space to house its UK employees; the rest of the building – which is scheduled to be completed in 2017 – will be made available to let.

Commenting on the company’s intentions, the company’s chairman and chief executive, William Berkley, told the Financial Times: “Today everybody looks at these things purely as an economic transaction.

“But we think a building is an important statement about who you are and what you are doing in the world. This a pretty permanent statement about us and our intentions,” Mr Berkley stated.

He also added that the firm had looked at existing Square Mile offices, however, none of them had met its technical requirements.

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