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Old March 20th, 2010, 11:07 PM   #381
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Promsing Signs Emerge For Cheesegrater

In what is one of the most promising signs with the project for some time, British Land has decided to delay the construction of an urban garden by the Mitchell Taylor Workshop on the site of 122 Leadenhall Street.

The Rogers Stirk + Harbour skyscraper, 225 metres tall that has been nicknamed "the Cheesegrater" after its distinctive shape, had been mothballed by the developer following the decline of the international economy.

Now however, insurance company AON are understood to have a space requirement in central London of approximately 20,000 square metres and the Leadenhall Building is one of their final three options. From the point of view of their sector and the advantages the company could get from clustering, the location of the building next door to the likes of the headquarters of Aviva, Willis, and Lloyds of London would make perfect sense.

The construction of anything on the site, even on a temporary basis, could hamper the project and put it behind rival schemes which is all but ready to go if the developer decides to push a button.At the same time other developers such as Heron International are either building skyscrapers or making encouraging noises about them as Land Securities is.

With British Land having now fully let Ropemaker Place and the remaining twenty percent of space in the Broadgate Tower looking like being snapped up, their development pipeline of new space in the Square Mile is running rather empty and investors in the REIT will be unhappy if potential tenants start to look elsewhere because of an excessively cautious attitude to development.

Of course none of this actually means that the Cheesegrater will get built any time soon, but the sheer fact that there has yet to be any construction work on the sites garden shows that things are becoming less apocalyptic than even six months ago.

http://www.skyscrapernews.com/news.php?ref=2492
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Old March 20th, 2010, 11:11 PM   #382
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This is great news. Isn't the Walkie Talkie about to start too? London will look amazing when the Olympics start.
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Old March 30th, 2010, 09:12 PM   #383
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Thrive London. . .
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Old March 31st, 2010, 09:44 PM   #384
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Demand for office space could revive Cheesegrater skyscraper

Hugo Duncan Hugo Duncan
31.03.10

The Cheesegrater, one of the tallest buildings planned for the City of London, could be back on as demand for new office space soars.

Landlord and developer British Land today said it was "thinking pretty seriously" about reviving projects shelved during the recession including the The Leadenhall Building.

The controversial 47-storey development at 122 Leadenhall Street is known as The Cheesegrater because of its distinctive wedge-shaped profile designed to protect views of St Paul's Cathedtral.

It, along with a host of other major developments planned for London during the boom years, was put on hold as demand for office space fell and cash ran out amid the worst property slump for a generation.

British Land chief executive Chris Grigg told the Evening Standard: "New development has gone from being really unlikely six to nine months ago to now being seriously considered. We are now thinking pretty seriously about it."

It came as British Land revealed it has let 465,000 square feet of office space in the City and the West End since February - the equivalent of about eight football pitches - as firms search for new space in the capital.
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Old April 18th, 2010, 07:47 PM   #385
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Old April 20th, 2010, 02:54 PM   #386
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Old May 9th, 2010, 09:45 PM   #387
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Why

Out of the new City of London block i wanted to see this one rise the most and hopefully it will be built. not so sure on the walkie talkie though i don't really like the design.
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Old May 15th, 2010, 12:15 AM   #388
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British Land set to revive ‘Cheesegrater’
By Daniel Thomas, Property Correspondent

Published: May 14 2010 19:29 | Last updated: May 14 2010 19:29

British Land has begun to talk to tenants about taking office space in its “Cheese-grater” skyscraper in the City of London in a sign that the UK’s second-biggest real estate investment trust is considering restarting its landmark scheme.

The company has been sending out terms on rents and lease lengths to prospective tenants in the past weeks, although it has not begun formally marketing the building.


Those close to the company say that it is keen to get started on the scheme for fear of missing out on an anticipated shortage of office space in the Square Mile in the years following 2012.

British Land and Land Securities are expected in their results next week to highlight opportunities within their portfolios to develop landmark schemes, underlining confidence in the medium-term future of the property market.

Both companies are forecast to record sharp increases in their net asset values, with British Land expected to see a rise of more than a fifth during the past 12 months.

British Land’s skyscraper on Leadenhall Street near the Lloyd’s building is one of the last of the City towers without a clear strategy, having been the first to be stopped at the height of the credit crunch. The company has the ability to move quickly to restart the scheme using its own balance sheet, although the project could involve an equity venture partner to shoulder development costs.

British Land is not expected to announce any start date in its results – unlike Land Securities, which is likely to indicate that it will go ahead with its rival skyscraper on Fenchurch Street, the “Walkie Talkie”, as soon as it has found a joint venture partner. It is still in talks with a number of parties.

There is seen to be a looming shortage of large quality office space in the City after a spate of lettings took most of the available options. The only sizeable committed developments due for completion after 2010 are Hines’ Cannon Street scheme and Gerald Ronson’s Heron Tower.

The only building ready for occupation occupying more than 200,000 sq ft, is Minerva’s Walbrook scheme.

However, work could begin on a number of other sites, including Legal & General’s Walbrook Square development, where agents have linked a potential move by Bloomberg.
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Old May 15th, 2010, 12:37 AM   #389
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Unbelievably good news if this goes ahead. In terms of London projects, only the Shard is better.
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Old May 15th, 2010, 12:39 AM   #390
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Yea that's fantastic news. Hopefully they can court some prospective tenants quickly!

Fox, I think I might put the Bishopgate Pinnacle ahead of this one...
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Old May 15th, 2010, 12:52 AM   #391
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Quote:
Originally Posted by tmac14wr View Post
Fox, I think I might put the Bishopgate Pinnacle ahead of this one...
It's all subjective. I flip between the two

EDIT: Not sure if this has been posted in this thread.



Originally posted by DarJoLe in the UK section.

Last edited by Newcastle Guy; May 15th, 2010 at 12:59 AM.
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Old May 15th, 2010, 01:05 AM   #392
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How can they make it look so real?

Really hope this one goes ahead. What a great tower!

I had never seen the video, thanks for posting Newcastle.
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Old May 15th, 2010, 01:23 AM   #393
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video

looks great on that video, nice work for posting it Newcastle
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Last edited by ArrHo; May 15th, 2010 at 01:23 AM. Reason: one day i shall check what i have written
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Old May 18th, 2010, 07:39 PM   #394
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British Land starts talks on 'Cheesegrater'

Developer commits to three schemes worth £500m and approaches contractors about 'Cheesegrater' tower

Read more: http://www.building.co.uk/story.asp?...#ixzz0oIeoDhL0
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Old May 31st, 2010, 05:42 PM   #395
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Quote:
Originally Posted by Newcastle Guy View Post
It's all subjective. I flip between the two

EDIT: Not sure if this has been posted in this thread.



Originally posted by DarJoLe in the UK section.
Impressive!
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Old May 31st, 2010, 11:14 PM   #396
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Video must be pretty old. I don't see Heron Tower in the skyline.
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Old June 3rd, 2010, 04:30 PM   #397
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They usually forget to depict already built projects. Heron is frequently not shown even in recent renders. Perhaps to focus solely on the skyscraper the video is about.
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Old June 16th, 2010, 07:04 PM   #398
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I estimate completetion - 2041
not really, i love this building, i think it will get completed by 2015.
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Old June 18th, 2010, 01:10 AM   #399
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Quote:
Originally Posted by Supertall Robbo View Post
I estimate completetion - 2041
not really, i love this building, i think it will get completed by 2015.
Way way earlier than 2015. More like late 2011, early to mid 2012.
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Old July 27th, 2010, 08:21 PM   #400
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This building would compliment The Shard superbly
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