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The Scalpel | City of London | 190m | 39 fl

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So as not to keep cluttering up the Pinnacle thread; W.R. Berkley in talks with Kohn Pederson Fox (KPF) to design a new 40 story tower on 52-54 Lime Street (27 Leadenhall Street). W.R. Berkley are currently based at 40 Lime Street opposite the Lloyds Building and Willis building and have bought the land.

July 11, 2012 11:30 pm
US insurer to scale up European profile - From

Do you reckon they might want to build this on the Pinnacle site? They say next door to Lloyds and I can't think of any other locations?

A large US insurer has struck a deal with the City of London to build its own skyscraper, underlining the rapidly growing presence of international insurers in the Square Mile.

WR Berkley, which has a market value of $5.4bn, is understood to have agreed terms with the City’s planning authorities to construct a 40-storey tower next door to the offices of Lloyd’s of London.

WR Berkley is among the largest providers of insurance to midsized companies in the US. The company is scaling up its operations in Europe, with offices in Germany, Ireland, Spain and Norway. The agreement to build its own skyscraper follows a flurry of deals by US insurers to expand their office space in the centre of London, taking advantage of the shrinking of banks, which have long dominated the City office market.

In January, Aon signed a lease on 191,000 sq ft of office space in the nearby Leadenhall building, under construction and nicknamed the Cheese Grater. Meanwhile, Markel took up a 51,000 sq ft pre-let agreement last month on Land Securities’ 36-storey Walkie-Talkie building.

The building would become one of five skyscrapers under construction in the Square Mile, which, in contrast to the low levels of development outside of the UK capital, has seen a spike in demand for new office space. The buildings are expected to capture some of the demand arising from lease expiries and breaks, expected to hit 3m sq ft a year in the City until 2017.

However, the City is undergoing a transformation in terms of its occupiers. Many of the large investment banks have relocated to Canary Wharf, favouring the wide floor plates and ability to have all of their staff in one building. The cost of office space in the City is also a big driver. Prime office rents in Canary Wharf are at £36 per sq ft a year, compared with £55 per sq ft in the City.

The departure of many traditional occupiers has opened the door for other industries, such as technology, media and professional services businesses.

However, it is the rise of the insurance sector in the City market which has spurred on letting activity during the first half of this year. A recent report from CBRE, the estate agents, said that there are 13 insurers actively searching for a combined 1m sq ft of office space in central London.

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Apparently renders are coming out next week!!
^^ I bet I was in Lloyds last month and they were moaning that FC blocked the view of the Shard :)
Great work gegloma01 :cheers:
I hope this and other proposals are NOT rejected as the GDP figures certainly need a lift in the construction sector :) Absolutely fantastic design and will really compliment the other towers. All we need is some good news on the Pinnacle - fingers crossed!
I'm told the RBS bank closes next week and demo is imminent.
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OMG - there's too many Skyscrapers planned / approved. I'm going to be busy with the camera. :cheers:

Skanska to start £500m Scalpel this month
Grant Prior | Mon 22nd July | 10:19

Skanska has been confirmed as winner of the £500m Scalpel tower at 52 Lime Street in the City of London.

Skanska beat-off fierce competition from Mace for the job and will now start on site before the end of July.

The building at the junction of Lime Street and Leadenhall Street is scheduled for completion in early 2017.

The Scalpel has been designed by Kohn Pedersen Fox for insurance giant W.R. Berkley Corporation.

The 190metre-tall commercial office development has an internal floor area of 624,000 sq ft over 35 floors and two basement levels, including retail and restaurant areas.

A public square’of approximately 11,000 sq ft will be created by the development, complementing the existing space around the Willis Building.

Paul Heather, Managing Director at Skanska, said: “We are thrilled to be adding 52 Lime Street to our portfolio of City towers and forming a new relationship with the W.R. Berkley Corporation to provide the company with a European home in the heart of the City.”

Credit :
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I grabbed a quick photo with my phone yesterday... been so busy to get the camera out recently...

Th city of London from an iPhone 7
by Lumberjack_London, on Flickr
Meetings today had a great view... once again only had my iphone.

Untitled by Lumberjack_London, on Flickr

Untitled by Lumberjack_London, on Flickr
Included a 360 shot I will try and do these more often if you like them...

360 shot:

2P2A0710 by Lumberjack_London, on Flickr
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