40 Leadenhall Street

40 Leadenhall Street
40 Leadenhall Street in September 2023
Map
General information
StatusUnder construction
Address40 Leadenhall Street
Town or cityLondon, EC3
CountryUnited Kingdom
Cost£875million (estimate)[1]
ClientHenderson Global Investors
Height155 m (170 m AOD)[2]
Technical details
Floor count35
Floor areaOffices: 890,000 square feet (82,700 m2)
Retail: 20,000 square feet (1,900 m2)[3]
Design and construction
Architecture firmMake Architects
Website
40leadenhall.london

40 Leadenhall Street, also known as Stanza London is an office-led development in London that is currently under construction. It is located within the City of London financial district and is one of a number of new building developments for the area.

Construction commenced in early 2020 with a target completion date of December 2023.[4] US law firm Kirkland & Ellis will be a major occupier from completion.[5]

Site ownership and location

The development site, known as the Leadenhall Triangle, was purchased by Henderson Global Investors in June 2011 for around £190 million.[6]

It is situated in the Aldgate ward in the eastern portion of the City of London, and is a short distance from the Leadenhall Building and the Lloyd's building.

Planning application

In October 2013 Vanquish Properties (UK) Limited Partnership applied for planning permission to construct a building comprising 10, 14 and 34 storeys to a maximum height of 170m(AOD) on a site bounded by 19-21 and 22 Billiter Street, 49 Leadenhall Street, 108 and 109-114 Fenchurch Street, 6-8 and 9-13 Fenchurch Buildings.[7] The listed building at 19 - 21 Billiter Street is to be retained whilst all other existing properties on the site will be demolished.[8]

Planning permission was granted by the City of London Corporation on 29 May 2014, following a resolution to grant permission by the Planning and Transportation Committee on 25 February 2014, subject to certain planning obligations being met.[9][10]

Following Brexit, the developer announced that construction will only go ahead when a sufficient amount of office space has been pre-let.[11]

In October 2019 it was announced M&G and Prudential have bought the site and will fund its construction for £875m with a final development value of £1.4bn. Build started in 2020[4] after Keltbray completed clearing the Leadenhall Triangle site. This is despite no pre-let.

Design

The building varies in height by being laid in a series of vertical slices ranging from 7 to 34 stories at the Leadenhall Street end.[3]

  • The construction site in August 2021
    The construction site in August 2021
  • Construction of the concrete structure in August 2021
    Construction of the concrete structure in August 2021
  • 40 Leadenhall Street in July 2023
    40 Leadenhall Street in July 2023
  • 40 Leadenhall Street in September 2023
    40 Leadenhall Street in September 2023

References

  1. ^ Richard Waite (17 September 2013). "Revealed: first images of Make's Leadenhall high-rise scheme". Architects Journal. Retrieved 8 November 2013.
  2. ^ "City of London - Planning Applications". City of London. 13/01004/FULEIA "South Elevation". Retrieved 8 November 2013.
  3. ^ a b "Henderson Global Investors launches plans for new office building at 40 Leadenhall Street". Henderson Global Investors. 17 September 2013. Retrieved 8 November 2013.
  4. ^ a b "Piling commences at 40 Leadenhall Street in the City of London".
  5. ^ "Kirkland & Ellis to Move London Office to 40 Leadenhall Street | News | Kirkland & Ellis LLP". www.kirkland.com. Retrieved 12 October 2021.
  6. ^ "Leadenhall Triangle sale completed". City AM. 22 June 2011. Retrieved 7 November 2013.
  7. ^ "City of London - Planning Applications". City of London. 13/01004/FULEIA. Retrieved 7 November 2013.
  8. ^ Mark Wilding (30 October 2013). "Make submits 34-storey City tower plans". Building Design. Retrieved 8 November 2013.
  9. ^ "Planning and Transportation Committee - Minutes 25 February 2014". City of London Corporation. 25 February 2014. Item 5a and 5b. Retrieved 12 March 2014.
  10. ^ "City resolves to grant planning permission for 40 Leadenhall Street". Make. 25 February 2014. Archived from the original on 5 July 2014. Retrieved 12 March 2013.
  11. ^ Dransfield, Louise. "Make's £400m Gotham City tower is paused amid Brexit uncertainty". Building Design. Retrieved 21 July 2016.

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