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added news
Finance for commercial property developments drying up
Development finance available for new UK commercial properties has continued to dry up, with fully pre-let and speculative projects falling out of favour with major lenders who have been spooked by the eurozone debt crisis, a survey shows.‘Lending organisations commented that the existing l...
Read more on Propertywire...
2 months ago
Chris added this project
100 Bishopsgate is a skyscraper approved for construction in the centre of London's main financial district, the City of London.
It will stand in a prominent location on Bishopsgate, just a short walk from Liverpool Street station. The developer is Great Portland Estates and the architect is Allies and Morrison
It has been planned for several years now, and was initially rumoured to be 260 m / 55 storeys. However, a planning application submitted in September 2006 revealed it to be 165 m, with 40 storeys. It was approved in April 2007. Construction is unlikely to start until 2011, however, due to the current site lease which runs until then.
The building will contain 785,772 square feet (73,000 m2) of office floorspace. It will stand immediately adjacent to the Heron Tower, another skyscraper. There are several other towers planned for the area including the Bishopsgate Tower, 122 Leadenhall and 20 Fenchurch Street.
2 years ago
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Companies involved
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Allies and MorrisonArchitect |
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