What is the latest with London Bridge Tower, I checked the website and it seems the latest press release was in February annoncing Sang-ri-li hotel letting. I have carried out various searches and seem to be unable to find any recent references. Is construction still scheduled to start next Summer?? or is the scheme in trouble due to them being unable to secure pre-lets. The signs do not look good.
PricewaterhouseCoopers have signed a contract which means they have to vacate the current site by March/April 2006. Demolition will then proceed and is scheduled to take exactly 12 months. The tower will therefore begin construction around April 2007. It should be completed in time for the 2012 Olympics, along with around 20 other new towers in the City and Canary Wharf :-)
LONDON'S TALLEST BUILDINGS, 2012:
Bishopsgate Tower 307m
London Bridge Tower 306m
Columbus Tower 237m
1 Canada Square 235m
122 Leadenhall 225m
North Quay 1 216m
Beetham Tower 215m
Riverside South 1 214m
Heron Quays West 1 214m
North Quay 3 203m
8 Canada Square (HSBC tower) 200m
25 Canada Square (Citigroup tower) 200m
Riverside South 2 189m
BT Tower 188m
110 Bishopsgate (Heron Tower) 183m
Tower 42 (NatWest Tower) 183m
St George's Wharf 181m
Suffolk House 180m
Vauxhall Bondway Tower 180m
SwissRe (The Gherkin) 180m
Wilkinson Eyre Tower 176m
Stratford City Tower 170m
Broadgate Tower 164m
1 Millharbour 160m
Grand Union Building 158m including spire
1 Churchill Place 156m
Heron Quays West 2 156m
25 Bank Street 153m
40 Bank Street 153m
10 Upper Bank Street 151m
Edited 1 times. Last edit at 11 August 2005 6.12pm by wjfox2004.
"Enabling works (including some demolitions) will begin towards the end of 2005 over six to eight months. Demolition of the existing Southwark Towers will begin in mid-2006 and construction of the tower (in 4 stages) is proposed to take place between 2007 and spring 2010. Demolition and construction will last 56 months in total."
I work in Southwark Towers too. For years Pwc had told the landlords not to spend anything on the building beyond H&S requirements. In the last few months the loos have been re-painted, the lifts are undergoing a major refurbishment and the front hall has been re-carpeted. Not the actions of a tenant or landlord who expect the place to be demolished in months.
I think there is a lot of PR bull around, as usual in the property market
"There have been consultations with the neighbours (Guy's Hospital, Network Rail, etc.) that will be directly impacted by the construction. The info I reported is included in recent (July) internal reports issued by these institutions."
I agree with Diogenes, what's the point in decorating a building that's going to be demolished soon? Is there any news on whether LBT has any office tenants lined up yet? I understood the financing wasn't going to be forthcoming until that was sorted.