22 Bishopsgate
| 22 Bishopsgate | |
|---|---|
Rendering of original design for 22 Bishopsgate
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| General information | |
| Status | Under construction |
| Location |
London, EC2 United Kingdom |
| Coordinates | 51°30′52″N 0°04′58″W / 51.5145°N 0.0829°WCoordinates: 51°30′52″N 0°04′58″W / 51.5145°N 0.0829°W |
| Construction started | Late 2016 (estimate) |
| Estimated completion | 2019 |
| Height | |
| Roof | 278 m (912 ft) |
| Technical details | |
| Floor count | 62 |
| Design and construction | |
| Architect | PLP Architects |
| Structural engineer | WSP |
| Main contractor | Multiplex |
| References | |
22 Bishopsgate is a commercial skyscraper under construction in London, United Kingdom. It will occupy a prominent site on Bishopsgate, in the City of London financial district, and is set to stand 278 m (912 ft) tall with 59 storeys. The project replaces an earlier plan for a 288 m (945 ft) tower named The Pinnacle, on which construction was started in 2008 but suspended in 2012 following the Great Recession, with only the concrete core of the first seven storeys. The structure was later subjected to a re-design, out of which it became known by its postal address, 22 Bishopsgate.
Under the original plans, The Pinnacle was to become the second-tallest building in both the United Kingdom and the European Union after The Shard, also in London. The Economic Development Corporation of Saudi Arabia and its development manager, Arab Investments, which largely funded the construction (investing £500 million in it) in return for a majority stake in the structure. However, the build was put on hold due to a lack of additional funding and letting commitments.
In 2013 it was reported that a review of the design and construction process, undertaken by original architects Kohn Pedersen Fox, agents CBRE and the developers, had been completed, with the building's "helter skelter" style exterior set to be retained. In 2015, the site was sold to a consortium led by AXA Real Estate and a re-design with a simpler exterior, ultimately excluding the costly "helter skelter" shape, was submitted for public consultation before application for planning permission.
In April 2016, it was confirmed that property company Lipton Rogers and its joint venture partner, AXA IM — Real Assets, would complete the £1bn development in 2019. At 278 metres, the building was set to be the tallest in the City of London at that time and, due to potential loss of light to surrounding buildings, there had been objections to the development from several parties. However, City of London granted permission after considering the potential benefits of developing the building including the introduction of more floorspace to the area and the creation of new jobs.
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