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The City of London Corporation has approved the construction of a 74-storey office tower that will match the height of The Shard, the tallest building in the UK and Western Europe.
As Day.Az reports with reference to Interfax, the Financial Times writes about this.
Construction of the skyscraper, called 1 Undershaft, was delayed after neighbors opposed it, including Lloyd’s of London chairman Bruce Carnegie-Brown, who said the new building would occupy St Helens Square, “depriving the City of a very important space for meetings.”
Project investor Aroland Holdings and developer Stanhope have reduced the size of the ground floor to preserve more of the area at the base of the tower.
Scheduled to be completed around 2030, 1 Undershaft will be 309.6 meters tall, exactly the same as The Shard, which sits on the opposite bank of the Thames and remains the UK’s tallest skyscraper since 2012.
The project includes a planted area on the 11th floor, an observation deck on the upper level, as well as a children’s educational center, which will be organized jointly with the Museum of London.
Aroland Holdings’ major shareholder is Singaporean billionaire Kuok Khun Gong, chief executive of food group Wilmar International, one of the world’s largest owners of oil palm plantations.