Building Report 20140120165256

Building Reports
20/01/2014
Page 1 of 18
© 2014 Reed Business Information Ltd
Building Report
The Walkie Talkie, 20 Fenchurch
Street, London, EC3M 3BY
This address is also known as

20 Fenchurch Street, London, EC3M 3BY
Walkie Talkie, 20 Fenchurch Street, London, EC3M 3BY
Building Details
Market: City Core
Submarket: City
Local Authority: City of London
Ward: Langbourn
Transport Links: Nearest Railway: Fenchurch Street Railway Station
Nearest Airport: London City Airport
Nearest Motorway: M1 - junction 1
Grid Reference: 53300 - 18080

Email us about this data record: research@egi.co.uk
Web Address: www.20fenchurchstreet.co.uk
Building Age: 2014
Building Size
Retail (A1) - General Retail: Net sq m
Business (B1a) - Office: 62,354 Net sq m (671,172 sq ft)
General - Viewing Gallery: 1,066 Net sq m (11,476 sq ft)
Office Occupation: Multi Occupation
No Levels: 24
Listed: No
Description: The site includes a 23 storey building built in the 1960s on Fenchurch St., a 6
storey building at 10 Rood Lane and the 7 storey Fengate House on Philpot Lane.
The site is in use by a mix of office and retail space. The Eastcheap Conservation
Area adjoins the site to the south. Plans were approved in September 2006 for a
160 metre office tower on this site. The new development is known as the 'Walkie
Talkie'.
Page 2 of 18
Players and Roles
Role Company Contact Phone number Notes
Freeholder Canary Wharf Group 020 7418 2000 purchased 50% stake from Land Securities in
plc 10/2010
Freeholder Land Securities Group 020 7413 9000 sold 50% stake to Canary Wharf Group in 10/2010
EGi Deals
Sales
Deal Date: 01/10/2010 Players/Roles
Deal Type: Investment Sale Vendor: Canary Wharf Group plc Tel: 020 7418 2000
Vendor: Land Securities Group Tel: 020 7413 9000
Type of Space: General - Site Area
64,103 Net sq m
(689,994 sq ft)
Price: £90,200,000
Yield: Not quoted
Rent: Not quoted
Lease Start: Undisclosed
Lease Expiry: Undisclosed
Notes: A 50% stake was sold
Email us about this deal: deals@egi.co.uk
Lettings
Unit/Floor Number: 28th floor Lessee: Vanquis Bank Limited
Lessor: Canary Wharf Group plc Tel: 020 7418 2000
Deal Type: Lease Lessor: Land Securities Group Tel: 020 7413 9000
Type of Space: Business (B1a) - Office Lessors Agent: CBRE Tel: 020 7182 2000
2,458 Net sq m Lessors Agent: Knight Frank Tel: 020 7606 0606
(26,461 sq ft)
Rent: Not quoted
Lease Start: 01/01/2014
Terms: FRI
Notes: Particulars:PDFDate on the market: 01/04/2006 Grade of space: New - New build (under
construction)

Unit/Floor Number: 20th floor Lessee: Liberty Mutual Insurance Company (UK) Limited
Lessees Agent: CBRE Tel: 020 7182 2000
Deal Type: Lease Lessors Agent: CBRE Tel: 020 7182 2000
Type of Space: Business (B1a) - Office Lessors Agent: Knight Frank Tel: 020 7606 0606
1,842 Net sq m
(19,823 sq ft)
Rent: Not quoted
Terms: FRI
Page 3 of 18
Notes: Particulars:PDF

Unit/Floor Number: 29th floor Lessee: Lancashire Holdings Limited
Lessees Agent: Savills Tel: 020 7499 8644
Deal Type: Lease Lessor: Canary Wharf Group plc Tel: 020 7418 2000
Type of Space: Business (B1a) - Office Lessor: Land Securities Group Tel: 0141 331 4400
2,527 Net sq m Lessors Agent: CBRE Tel: 020 7182 2000
(27,201 sq ft) Lessors Agent: Knight Frank Tel: 020 7606 0606
Rent: Not quoted
Terms: FRI
Notes: Particulars:PDFDate on the market: 01/04/2006New - New Build (under construction)

Unit/Floor Number: 25th floor Lessee: Markel (UK) Limited
Lessees Agent: Jones Lang LaSalle Tel: 020 7248 6040
Rent: £699.66 per sq m (£65.00 per sq ft)
Rental Income: £489,300.00 per annum
Length: 20 years
Lease Expiry: 01/07/2033
Terms: FRI
Notes: Particulars:PDFDate on the market: 01/04/2006

Unit/Floor Number: 21st, 22nd and 23rd floors Lessee: Liberty Syndicate Management Limited
Lessees Agent: CBRE Tel: 020 7182 2000
Rent: Not quoted
Terms: FRI
Notes: Date on the market: 01/04/2006 Liberty Syndicates will occupy floors 21-23 while Liberty
Mutual Insurance Europe will occupy floors 10-12. (EGi 25/02/2013, Walkie Talkie now
53% let)
Page 4 of 18
Unit/Floor Number: 10th, 11th and 12th floors Lessee: Liberty Mutual Insurance Company (UK) Limited
Lessees Agent: Newton Perkins Tel: 020 7456 0700
Rent: Not quoted
Terms: FRI
Notes: Date on the market: 01/04/2006

Unit/Floor Number: 14th, 15th, 16th and 17th floors Lessee: Royal Sun Alliance
Lessor: Canary Wharf Group plc Tel: 020 7418 2000
Deal Type: Lease Lessor: Land Securities Group Tel: 020 7413 9000
Type of Space: Business (B1a) - Office Lessors Agent: CBRE Tel: 020 7182 2000
7,141 Net sq m Lessors Agent: Knight Frank Tel: 020 7606 0606
(76,860 sq ft)
Rent: Not quoted
Terms: FRI

Unit/Floor Number: 33rd floor Lessee: Ascot Underwriting
Lessees Agent: Savills Tel: 020 7499 8644
Rental Income: £2,060,030.00 per annum
Terms: FRI

Unit/Floor Number: 5th, 6th, 7th, 8th and 9th Lessee: RJ Kiln & Co Limited
Lessees Agent: Newton Perkins Tel: 020 7456 0700
Terms: FRI
Notes: Date on the market: 01/04/2006Asking rent: per Sq Ft
Page 5 of 18
Unit/Floor Number: 26th and 27th Lessee: Markel International Insurance Company Limited
Lessees Agent: Jones Lang LaSalle Tel: 020 7248 6040
Length: 20 years
Lease Expiry: 01/06/2032
Terms: FRI
Notes: Rent is as reported in EGi
Investment Transactions
Deal Date: Freehold - 01/10/2010
Price Achieved: £90.2m
Vendor: Land Securities Group Tel: 020 7413 9000
Purchaser: Canary Wharf Group plc Tel: 020 7418 2000
EGi Occupiers
Summary Table
Occupier Unit Date Size Telephone
Taken
Ascot Underwriting 33rd 01/11/2012 2,734 sq m (29,429 sq ft) 020 7743 9600
Lancashire Holdings Limited 29th 01/12/2013 2,520 sq m (27,128 sq ft) 020 7264 4000
Liberty Mutual Insurance Company 10th, 11th and 12th 01/02/2013 4,739 sq m (51,015 sq ft) 020 7860 6600
(UK) Limited
Liberty Mutual Insurance Company 20th 01/12/2013 1,842 sq m (19,823 sq ft) 020 7070 4472
(UK) Limited
Liberty Syndicate Management Limited 21st, 22nd and 01/02/2013 6,161 sq m (66,320 sq ft) 020 7070 4472
23rd
Markel International Insurance 26th and 27th 01/06/2012 4,784 sq m (51,498 sq ft) 020 7953 6000
Company Limited
Markel International Insurance 25th 01/07/2013 2,273 sq m (24,465 sq ft) 020 7953 6000
Company Limited
RJ Kiln & Co Limited 5th, 6th, 7th, 8th 01/09/2012 7,267 sq m (78,225 sq ft) 020 7886 9000
and 9th
Royal Sun Alliance 14th, 15th, 16th 01/01/2013 7,141 sq m (76,860 sq ft) 084 5077 2772
and 17th
Vanquis Bank Limited 28th 01/01/2014 2,458 sq m (26,461 sq ft) 0871 770 5555
Page 6 of 18
Current Occupiers - Detail
Company Name: Ascot Underwriting Date Taken: 01/11/2012
Business Sector: Insurance Company Rent: £753.48 psm (£70.00
Registration Number: N/A psf) Reported
Contact Telephone: 020 7743 9600 Lease Expiry: Undisclosed
Unit Occupied: 33rd Letting Agent(s): CBRE, Knight Frank
Size of Unit: 2,734 sq m (29,429 sq ft) Tenant's Agent: Savills
Use Type: Offices Last Updated: 24/09/2013
Grade: New - New Build (under
construction)
Tenure: Leasehold
Company Name: Lancashire Holdings Limited Date Taken: 01/12/2013

Business Sector: Parking Management Rent: Undisclosed
Registration Number: 01477482 Lease Expiry: Undisclosed
Contact Telephone: 020 7264 4000 Letting Agent(s): CBRE, Knight Frank
Unit Occupied: 29th Tenant's Agent: Savills
Size of Unit: 2,520 sq m (27,128 sq ft) Last Updated: 06/01/2014
Use Type: Offices
construction)
Tenure: Leasehold
Company Name: Liberty Mutual Insurance Date Taken: 01/02/2013

Company (UK) Limited Rent: Undisclosed
Business Sector: Insurance Company Lease Expiry: Undisclosed
Registration Number: 01088268 Letting Agent(s): CBRE, Knight Frank
Contact Telephone: 020 7860 6600 Tenant's Agent: Newton Perkins
Unit Occupied: 10th, 11th and 12th Last Updated: 24/09/2013
Size of Unit: 4,739 sq m (51,015 sq ft)
Use Type: Offices
construction)
Tenure: Leasehold
Company Name: Liberty Mutual Insurance Date Taken: 01/12/2013

Company (UK) Limited Rent: Undisclosed
Registration Number: 01088268 Letting Agent(s): CBRE, Knight Frank
Contact Telephone: 020 7070 4472 Tenant's Agent: CBRE
Unit Occupied: 20th Last Updated: 03/01/2014
Use Type: Offices
construction)
Tenure: Leasehold
Company Name: Liberty Syndicate Management Date Taken: 01/02/2013

Limited Rent: Undisclosed
Registration Number: 03003606 Letting Agent(s): Knight Frank, CBRE
Contact Telephone: 020 7070 4472 Tenant's Agent: CBRE
Unit Occupied: 21st, 22nd and 23rd Last Updated: 24/09/2013
Use Type: Offices
construction)
Tenure: Leasehold
Page 7 of 18
Company Name: Markel International Insurance Date Taken: 01/06/2012
Company Limited Rent: £699.66 psm (£65.00
Business Sector: Insurance Broker psf) Reported
Registration Number: 00966670 Lease Expiry: 01/06/2032
Contact Telephone: 020 7953 6000 Lease Length: 20 years
Unit Occupied: 26th and 27th Letting Agent(s): CBRE, Knight Frank
Size of Unit: 4,784 sq m (51,498 sq ft) Tenant's Agent: Jones Lang LaSalle
construction)
Tenure: Leasehold
Company Name: Markel International Insurance Date Taken: 01/07/2013

Company Limited Rent: £699.66 psm (£65.00
Business Sector: Insurance Broker psf) Reported
Registration Number: 00966670 Lease Expiry: 01/07/2033
Contact Telephone: 020 7953 6000 Lease Length: 20 years
Unit Occupied: 25th Letting Agent(s): CBRE, Knight Frank
Size of Unit: 2,273 sq m (24,465 sq ft) Tenant's Agent: Jones Lang LaSalle
construction)
Tenure: Leasehold
Company Name: RJ Kiln & Co Limited Date Taken: 01/09/2012

Business Sector: Pension Fund Rent: £645.84 psm (£60.00
Registration Number: 00729671 psf) Reported
Contact Telephone: 020 7886 9000 Lease Expiry: Undisclosed
Unit Occupied: 5th, 6th, 7th, 8th and 9th Letting Agent(s): CBRE, Knight Frank
Size of Unit: 7,267 sq m (78,225 sq ft) Tenant's Agent: Newton Perkins
construction)
Tenure: Leasehold
Company Name: Royal Sun Alliance Date Taken: 01/01/2013

Business Sector: Insurance Company Rent: Undisclosed
Registration Number: N/A Lease Expiry: Undisclosed
Unit Occupied: 14th, 15th, 16th and 17th Last Updated: 24/09/2013
Use Type: Offices
construction)
Tenure: Leasehold
Company Name: Vanquis Bank Limited Date Taken: 01/01/2014

Business Sector: Financial Services Rent: Undisclosed
Registration Number: 02558509 Lease Expiry: Undisclosed
Unit Occupied: 28th Last Updated: 15/01/2014
Use Type: Offices
construction)
Tenure: Leasehold
Page 8 of 18
Former Occupiers - Detail
Company Name: Dresdner Kleinwort Wasserstein Date Taken: 01/01/1969
Limited (not trading under) Rent: Undisclosed
Business Sector: Investment Banking Lease Expiry: 01/01/2068
Registration Number: 00551334 Lease Length: 99 years
Contact Telephone: 020 7623 8000 Date Vacated: 01/06/2006
Unit Occupied: Entire building
Use Type: Offices
Grade: New - New Build (existing)
Tenure: Long Leasehold
Researched Availability
Summary Table
Unit Grade Size Letting Agent Rent Occ/Vac Tenure
3rd, 4th, 13th, New - New Build 19,767 sq m CBRE Not quoted Vacant Leasehold
18th, 19th, 24th, (under (212,775 sq ft) Tel: 020 7182 2000
30th, 31st, 32nd construction) Knight Frank
and 34th Tel: 020 7606 0606
Current Availability
Unit Description: 3rd, 4th, 13th, 18th, 19th, 24th, 30th, 31st, 32nd and 34th
Available Unit Size: Business (B1a) - Office - 19,767 sq m (212,775 sq ft)
Floor Breakdown
Name Size Under Offer
13th 1,656 sq m (17,829 sq ft) Yes - 01/11/2013
18th 1,886 sq m (20,296 sq ft) Yes - 01/10/2013
19th 1,936 sq m (20,843 sq ft) Yes - 01/10/2013
24th 2,175 sq m (23,407 sq ft) No
30th 2,462 sq m (26,496 sq ft) Yes - 01/12/2013
31st 2,492 sq m (26,819 sq ft) No
32nd 2,517 sq m (27,088 sq ft) No
34th 2,011 sq m (21,649 sq ft) No
3rd 1,306 sq m (14,053 sq ft) No
4th 1,328 sq m (14,297 sq ft) No
Grade of space: New - New Build (under construction) Asking Price: Not quoted
Tenure Type: Leasehold Rates: Not quoted
Lease Type: New FRI Lease Service Charge: Not quoted
Lease Length: Not quoted Amenities: Not quoted
Date On Market: 01/04/2006
Last Updated: 15/01/2014
Page 9 of 18
Agent Agent Telephone Contact(s) Contact Telephone
CBRE 020 7182 2000
Knight Frank 020 7606 0606
Notes: Particulars:PDFMarkel is in advanced talks to take about 80,000 sq ft in this building, paying
around £65 per sq ft (Estates Gazette, 0704/2012, p25) Kiln Group is in talks to take 5,574 sq m
(60,000 sq ft) prelet in this building (EGi 12/05/2012, Walkie Talkie letting 'close') 26th and 27th
floors let to Markel Markel completes walkie talkie deal 'close' Royal Sun Alliance is in
negotiations to take 70,000 sq ft at a rent of £62.50 psf. (EGi 09/10/2012, RSA takes a shine to
20 Fenchurch Street) Ascot Underwriting has pre-let 33rd floor (EGi 08/11/2012, Acsot Re
confirmed for Walkie Talkie) Insurer Liberty Mutual is under offer to take around 120,000 sq ft.
Libery Mutual Insurance will occupy floors 10-12 while subsidiary Liberty Syndicates will take
levels 21-23. CBRE is acting for Liberty (EGi 16/01/2013, Walkie Talkie books large letting) 14th
to 17th floors let to Royal Sun Alliance (EGi Research 01/2013) Floors 10,11,12, 21,22 & 23
have been let to Liberty Mutual. (EGi 25/02/2013, Walkie Talkie now 53% let) The 25th floor
totaling 2,273 sq m (24,465 sq ft) has been placed under offer (CBRE 05/2013). Markel
International is understood to be the company behind the offer (EGi 29/05/2013, Markel tops up
at Walkie Talkie) Reply.com is considering space at this building and at The Shard for its 25,000
sq ft requirement (EGi 13/09/2013, Private equity sets sights on the Shard) Allied World is under
offer to take the eighteenth and nineteenth floors and is expected to pay around £65.00 per sq ft.
The twenty-ninth floor is also understood to be under offer to an undisclosed tenant.(EGi
06/11/2013, Walkie Talkie nabs Gherkin tenant) 20th floor let to Livery Mutual (EGi Research
12/2013) 28th let to Vanquis (EGi Research 01/2014)
Planning and Construction

Application - 19/09/2006
Web Address: http://www.20fenchurchstreet.co.uk Application Date: 19/09/2006
Development Type: New Build Permission Date: 05/05/2009
Planning Status: Under Construction Demolition Start: 01/07/2007
Planning Reference: 06/00158/FULEIA Demolition Finish: 01/11/2008
Previous Use: Offices (B1) Construction Start: 01/02/2011
Proposed Storeys: 40 Construction Completion: 01/03/2014
Floorspace Existing Proposed Gain
General: Total Building Size - 99,739 Gross sq m 99,739 Gross sq m

(1,073,582 sq ft) (1,073,582 sq ft)
Business (B1a): Office 18,740 Gross sq m 80,048 Gross sq m 61,308 Gross sq m

(201,716 sq ft) (861,629 sq ft) (659,914 sq ft)
Business (B1a): Office 15,617 Net sq m 58,274 Net sq m 42,657 Net sq m

(168,100 sq ft) (627,256 sq ft) (459,156 sq ft)
General: Plant Area - 12,488 Gross sq m 12,488 Gross sq m

(134,420 sq ft) (134,420 sq ft)
Non-resi Institutional (D1): - 3,240 Gross sq m 3,240 Gross sq m

Conference Centres (34,875 sq ft) (34,875 sq ft)
Retail (A1): General Retail - 1,177 Gross sq m 1,177 Gross sq m

(12,669 sq ft) (12,669 sq ft)
Retail (A1): General Retail - 881 Net sq m 881 Net sq m

(9,483 sq ft) (9,483 sq ft)
General: Cycle Stands - 414 Spaces 414 Spaces
General: Car Parking - 6 Spaces 6 Spaces
Page 10 of 18
Developer: Canary Wharf Group plc Tel: 020 7418 2000 (Joint venture with Land Securities
50:50 to develop this building. Agreed from 19th Oct 2010.)
Developer: Land Securities Group Tel: 020 7413 9000
Architect: Rafael Vinoly Architects Tel: 020 8206 6200
Building History
15/01/2014 The 28th floor, comprising 2,458 sq m (26,461 sq ft), has been let to Vanquis Bank. CBRE & Knight
Frank disposed. (EGi Research 01/2014)
03/01/2014 The 20th floor, comprising 1942 sq m (19,823 sq ft), has been let to Liberty Mutual. CBRE and Knight
Frank disposed. CBRE acted for the tenant (EGi Research 12/2013)
30/12/2013 Lex says that Land Securities could have the last laugh after the problem with heat a tthis building led
to it being dubbed the "Walkie- Scorchie". This is because the building is now over half pre-let and the
REIT has enjoyed a 15% increase in the value of its shares in 2012. The Financial Times notes that it
is feelings about interest rates rather than the shape of the portfolio that is likely to dictate LandSec’s
share-price progress next year. (EGi 30/12/2013, Save the last laugh for LandSec)
23/12/2013 The 29th floor, comprising 2,527 sq m (27,201 sq ft), has been let to Lancashire Holdings. CBRE and
Knight Frank disposed. Savills acquired. The 30th floor, 2,468 sq m (26,496 sq ft), is under offer. (EGi
Research 11/2013)
19/11/2013 The 13th, 20th and 28th floors, comprising 5,956 sq m (64,113 sq ft), are under offer through CBRE
and Knight Frank. (EGi Research 11/2013)
12/11/2013 Land Securities has reported in its interim results that it expects to spend "low single digit millions" to
fix the solar glare issue. It said a solution to fix the scorching rays reflected from the building over the
last summer "is in the final stages of design and implementation will commence shortly". It is said that
the expenditure will not add to the developer’s £239m share of the City tower’s overall development
costs.(EGi 12/11/2013, LandSec counts Walkie Scorchie costs)
06/11/2013 Allied World is under offer to take the eighteenth and nineteenth floors of 3,822 sq ft (41,139 sq ft)
and is expected to pay around £65.00 per sq ft. This would see the company leave the Gherkin, 30
St Mary Axe where it has a lease break in October 2015. The twenty-ninth floor is also understood to
be under offer to an undisclosed tenant. Knight Frank is advising Allied World, CBRE and Knight
Frank are letting agents. (EGi 06/11/2013, Walkie Talkie nabs Gherkin tenant)
29/10/2013 The 18th, 19th and 29th floors, comprising 6,342 sq m (68,267 sq ft), are under offer through CBRE
and Knight Frank (EGi Research 10/2013)
24/10/2013 Land Securities is testing different materials to stop the heat reflection that affected this building in th
summer. The concave shape was blamed for reflecting concentrated sunlight onto the street below.
(EGi 04/10/2013, Walkie Talkie materials tested)
13/09/2013 It has been reported that performance based marketing company reply.com is considering space
here in line with its 25,000 sq ft requirement. It is also considering space at the Shard (EGi
13/09/2013, Private equity sets sights on the Shard)
08/09/2013 It has been suggested that Songbird Estates could have some explaining to do when it reports results
on Friday following the "Walkie-Scorchie" accusations. Songbird owns the subsidary Canary Wharf
Group, which is the joint developer of The Walkie Talkie. A columnist in the Sunday Times writes that
“there is something incontestably wrong about a building that can fry eggs on window sills opposite”.
(EGi 08/09/2013, Explanations due from Songbird)
07/09/2013 The design flaws here are the result of a surfeit of consultants, according to Rafael Vinoly. The
architect of the building has used the recent news story to attack the architectural profession in
Britain, stating the likely problem with solar reflection was spotted early on, but the calculations said it
was only going to be 36C. He attacked the “superabundance of consultants and sub-consultants that
dilute the responsibility of the designers until you don’t know where you are”. However, an
architecture critic in the Financial Times instead said that the glare blings people to the blighted City
skyline and the main debate should be about its quality. (EGi 07/09/2013, Vinoly slams consultant
surfeit)
Page 11 of 18
06/09/2013 Following on from the accusations of the Walkie Talkie focussing 'solar death ray' onto the below
street, developers have admitted that revisions made to the original design to cut costs may have
caused this. The Times has reported that the original scheme, was designed with a serrated façade
with vertical panes of glass and a projected louvre system. This was expected and designed to
diminish the “solar gain” and avoid the magnifying effect of the scoop-shaped façade. The newspaper
says planning documents show significant revisions were made four years ago to cut costs. (EGi
06/09/2013, Big melt could be from cost-cut) http://www.egi.co.uk/news/772026.nw
04/09/2013 The freeholders, Land Securities and Canary Wharf Group, are set to erect a screen that will block
the rays that are being refracted off the £239 million tower. It comes after several days in which the
tower has been named the 'Walkie Scorchie' and amid accusations of the glass focusing a 'solar
death ray' onto the below street. The rays have apparently metled a car, combusted a bicycle seat,
set doormats alight and several people have been frying eggs on the Eastcheap pavement beneath.
A further solution proposed has been to sand blast the windows and a partial redesign. (EGi
04/09/2013, 'Walkie Scorchie' action taken(EGi 03/09/2013 ‘Walkie Scorchie’ action mulled
28/08/2013 Construction on going with the roof garden still taking shape. (EGi site visit)
05/08/2013 The 25th floor totaling 2,273 sq m (24,465 sq ft) has been let to Markel. It is represented by Jones
Lang LaSalle. CBRE and Knight Frank are letting agents for the Walkie Talkie. A twenty year lease
was agreed and the rent achieved was £65.00 per sq ft. (EGi Research 06/2013)
28/05/2013 The 25th floor totaling 2,273 sq m (24,465 sq ft) has been placed under offer (CBRE 05/2013) Markel
International is understood to be the company under offer on the 25th floor. It is represented by Jones
Lang LaSalle. CBRE and Knight Frank are letting agents for the Walkie Talkie. (EGi 29/05/2013,
Markel tops up at Walkie Talkie).
25/02/2013 US Global insurance firm Liberty Mutual Insurance has taken a total of 10,720 sq m (115,394 sq ft) in
this building. It will occupy two sections of the tower; Liberty Syndicates will occupy the 21st, 22nd
and 23rd floors and Liberty Mutual Europe will occupy the 10th, 11th and 12th floors. CBRE and
Knight Frank advised the landlords, Canary Wharf Group and Land Securities. (EGi 25/02/2013,
Walkie Talkie now 53% let)
19/02/2013 Construction here progressing well with he cladding now not far from topping out. (EGi site visit)
24/01/2013 Royal Sun Alliance has taken floors 14 to 17 totalling 7,141 sq m (76,861 sq ft). All lease details are
currently confidential but it is reportedly paying around £62.50 per sq ft. CBRE and Knight Frank
represent the landlord, Land Securities. (EGi 24/01/2013, LandSec lets Walkie Talkie space)
16/01/2013 Insurer Liberty Mutual is under offer on 10,902 sq m (117,349 sq ft) spread over 6 floors. Liberty
Mutual Insurance will occupy floors 10-12 while subsidiary Liberty Syndicates will take floors 21-23.
CBRE is acting for Liberty; Knight Frank and CBRE are the letting agents for the tower. (EGi
16/01/2013, Walkie Talkie books large letting)
04/12/2012 Construction here on going. The concrete and stell appears to have topped out with the sky garden
now appearing. Glass cladding is racing up, currently around half the full height of the tower. (EGi site
visit)
27/11/2012 The 10th-12th along with the 21st-24th floors of this rapidly ascending new build, comprising 12,924
sq m (139,110 sq ft), have gone under offer through CBRE and Knight Frank. (EGi Research
11/2012)
08/11/2012 Ascot Underwriting has completed a deal with joint freeholders Land Securities and Canary Wharf
Group to pre-let the 33rd floor, which comprises 2,734 sq m (29,429 sq ft). The terms are reported to
be around £70.00 per sq ft. This letting means that the building is now nearly a quarter pre-let, with
fellow insurance companies Markel International and Tokio Marine Kiln having secured lettings in
June 2012 and September 2012 respectively. Royal Sun Alliance has also been under offfer since
October 2012. Knight Frank and CBRE acted for the Canary Wharf Group and Land Securities;
Savills acted for Ascot. (EGi 08/11/2012, Acsot Re confirmed for Walkie Talkie)
09/10/2012 General insurer Royal Sun Alliance is in discussions to take around 6,503 sq m (70,000 sq ft) at this
tower and is expected to pay a rent of £62.50 per sq ft. AOS Studley is acting for RSA; Knight Frank
and CBRE are letting agents on the building. The 14th to 17th floors are under offer. (EGi
09/10/2012, RSA takes a shine to 20 Fenchurch Street)
17/09/2012 The fifth to ninth floors, comprising 7,267 sq m (78,226 sq ft), have been pre-let by Kiln Group. It has
been reported that they will pay £60 per sq ft. CBRE and Knight Frank acted for the landlords,
Newton Perkins acted for Kiln. This follows a pre-let in June to insurer Markel International for 51,000
sq ft. ( Markel completes walkie talkie deal 'close')
Page 12 of 18
21/08/2012 Construction on going. The concrete core has topped out with the steel frame now around half way
up the 40 storeys. Glass cladding has started very recently, just part of the 1st floor. (EGi site visit)
25/06/2012 The fifth to ninth floors, comprising 7,268 sq m (78,226 sq ft), have gone under offer (CBRE 06/2012)
18/06/2012 Insurer Markel prelet the 26th and 27th floors, comprising 4,784 sq m (51,498 sq ft) of this building at
a rent of £65 per sq ft. It will relocate from its City headquarters at 22 Billiter Street, EC3, to the
680,000 sq ft development in the final quarter of 2014. Jones Lang La Salle acted for Markel; Knight
Frank and CBRE acted for LandSec and Canary Wharf. (Kiln signs Walkie Talkie prelet)
19/05/2012 It has been reported in Estates Gazette that 8% of this tower is in solicitor's hands and up to 18,580
sq m (200,000 sq ft) is in advanced stages of negotiations (Estates Gazette, 19/05/2012, p48).
12/05/2012 It has been reported that Kiln Group is close to signing a deal to pre-let 5,574 sq m (60,000 sq ft) in
this 37-storey building. (EGi 12/05/2012, Walkie Talkie letting close)
07/04/2012 Canary Wharf Group and Land Securities are close to securing their first tenants for this building.
Insurer Markel is in advanced talks to take about 7,432 sq m (80,000 sq ft) of office space to replace
its City HQ at 49 Leadenhall Street, EC3. It will pay around £65 per sq ft. (Estates Gazette,
07/04/2012, p25)
28/02/2012 The concrete core of this site has shot up and is now at 32 storeys in height. It won't be long until the
core reaches its full height and then the steel work slowly catches up. (EGi site visit)
05/12/2011 The concrete core is now up to 6 storeys in height after going up very quickly once the foundations
and basement levels had completed. The progress can be seen at the Pint of Milk test blog, Walkie
Talkie progress (EGi site visit)
11/11/2011 Land Securities has confirmed it will go ahead with construction of this tower, despite tough economic
conditions. The confirmation to press ahead with the 500ft tower, which is being built in partnership
with Canary Wharf Group, is seen as a vote of confidence in the UK's office market despite the
slowing of transactions resulting from the eurozone crisis. (EGi 11/11/11, Walkie Talkie go-ahead
confirmed)
21/09/2011 Construction is progressing well here with the foundation and basement levels nearing completion.
This site should start to rise soon. (EGi site visit)
26/08/2011 Two cranes have been installed at this site, which will be used for lifting the 6,000 tonnes of steel
reinforcements for the 525 ft core for the building. (Building 26/08/2011)
16/08/2011 Excavation and piling works at this large office development now appear to be almost complete. (EGi
site visit)
19/07/2011 Land Securities is progressing with work at this site. The group has confirmed that it is bringing
forward a number of new development opportunities in both its London and retail portfolios. In
London, demolition has started on its 30 Old Bailey and 60 Ludgate Hill properties to make way for a
new 375,000 sq ft development due to be completed in December 2013. (EGi 19/07/2011)LandSec
plans development spree
12/05/2011 The City of London is to acquire a stake in the Walkie Talkie development. The City Corporation
today voted in favour of protecting Land Securities' and Canary Wharf Group's development from
rights of light injunctions after the City surveyor's department urged the planning committee to invoke
section 237 of the Town and Country Planning Act to ward off injunctions. A City spokesman said:
"The Planning and Transportation Committee's decision to agree to the use of powers under S237
ensures that developments deemed to promote economic development and other public benefits in
the City - of which 20 Fenchurch Street is certainly one - can proceed without running the risk of
injunctions being applied with regards to rights of light." (EGi, 12/05/2011, www.egi.co.uk/733919.nw)
02/02/2011 Construction here has very recently started with pile drivers now on site. (EGi site visit)
19/01/2011 The site remains cleared and boarded with no sign of the proposed construction start as yet. (EGi site
visit)
18/01/2011 It has been announced that construction of this scheme officially started today, following the ground-
breaking ceremony the at the City site. Piling for the building will commence this week, with
completion to ground-floor level planned for February 2012 and final completion anticipated in early
2014. LandSec and Canary Wharf will work as joint development managers, taking responsibility for
the leasing. Canary Wharf Contractors, a wholly owned subsidiary of Canary Wharf Group, has been
appointed as construction manager. (EGi News 18/01/2011 www.egi.co.uk/728645.nw)
Page 13 of 18
19/10/2010 Land Securities and Canary Wharf Group have today announced that they have formed the 20
Fenchurch Street Limited Partnership (“the Partnership”), a 50:50 joint venture partnership to develop
this site. The existing property, currently a cleared site with some ancillary retail neighbouring
holdings, has been sold by Land Securities to the Partnership at a price of £90.2 million, in line with
the March 2010 valuation. The Partnership will construct the project under a staged programme at an
anticipated total development cost of £500m. To enable a condensed programme, construction of the
substructure of the building and detailed design of the superstructure will start immediately.
Completion to the ground floor level is planned for February 2012. Construction of the superstructure
will follow, with completion of the project anticipated in the second quarter of 2014. Land Securities
and Canary Wharf Group have been appointed as joint Development Managers and both are
responsible for the leasing, with Land Securities taking the lead. Canary Wharf Contractors Limited, a
wholly owned subsidiary of Canary Wharf Group, has been appointed as Construction Manager.
(Land Securities 19/10/2010).
06/09/2010 The Daily Telegraph has reported that Land Securities is expected to announce Canary Wharf Group
as its development partner for this scheme later this month. (Daily Telegraph 04/09/10 p.35)
06/09/2010 It has reported that Land Securities is in talks about selling an equity stake of up to 25% in this
proposed building. It is said to be negotiating a deal with China Investment Corporation. (The Times
06/09/10 p.34)
11/08/2010 Not a construction start as yet but site preparation is still underway. This could be an end of year
start. (EGi site visit)
10/05/2010 It has been reported that Land Securities has begun talks with Canary Wharf about joining forces to
kickstart this development. LandSec has been seeking an investment partner to bring the scheme
forward but remains undecided as to whether it needs to secure a tenant before starting
development. It has been reported that Canary Wharf is planning to take a 50% stake in the project.
LandSec plans to complete the construction of the tower by 2014. LandSec is still talking to a number
of other possible investors, including sovereign wealth funds. (EGi News 10/05/2010)
24/04/2010 It has been reported that Land Securities is in talks with between 5 to 10 potential partners to fund the
development at this site. (Estates Gazette, 24/04/2010, p.37)
26/03/2010 It has been reported that Land Securities has reactivated the “Walkie-Talkie” 18 months after shelving
the development. It has asked construction companies to provide estimates for building the
skyscraper. The company has yet to make a decision on whether it will need to find at least a partial
letting or bring another investor onboard before pressing ahead with development. (Financial Times,
26/02/10 pp.19 & 20)
22/03/2010 It has been reported that Land Securities has appointed BH2 to help find a joint venture partner to
work on kick-starting development of its Walkie-Talkie office tower, EC3. After shelving development
in 2008, the REIT is now looking to bring forward the 509ft scheme at 20 Fenchurch Street. Land
Securities last month asked contractors to provide estimates for building the Walkie-Talkie, and
remains undecided as to whether it needs to secure a tenant before starting development. (EGi News
22/03/2010)
24/02/2010 No change, site remains boarded and construction yet to start. (EGi site visit)
15/09/2009 Site remains boarded and construction yet to start. (EGi site visit)
01/07/2009 As before with entire building demolished, site boarded and construction yet to start. (EGi site visit)
29/05/2009 Land Securities has agreed to pay £250,000 towards Crossrail in order to develop this site. Johnson
had initially asked for a £1.4m contribution to Crossrail for the scheme but said: “Following
negotiations with GLA officers, the applicant has now committed to a financial contribution of
£250,000 towards Crossrail.’ Land Securities has also agreed to pay a total £1.4m for off-site
affordable housing, and has improved accessibility to the building’s sky-garden. (EGi News
29/05/2009)
07/05/2009 It has been reported that Land Securities has gained consent for minor revisions to this development.
The City Corporation granted a series of minor amendments at a Tuesday evening planning meeting,
including changes to the sky garden and additional floor. It also granted an additional two years
construction margin, which means LandSec has a five-year permission rather than the usual three.
(EGi News 07/05/2009)
Page 14 of 18
05/05/2009 Revisions to the 19/09/2006 planning permission went before committee in the following form:The
erection of a tower building with two basements, ground and 37 upper floors, 40 levels in total160m
high (177m AOD)The tower will contain a skygarden at 35th floor levelA 5 storey annex building is
proposed to the south of the main buildingThe proposed revised gross floorspace is: 80,048 sq m
gross B1 space all in the main tower1,177 sq m gross retail 3,240 sq m gross Skygarden space 448
sq m gross café/restaurant/barThe revised S106 conditions are as follows:£2,037,224 for local
community facilities and the environment£1,360,257 for affordable housing£910,000 for transport
improvements£226,709 for local training and skills provision£45,800 for monitoring of the
agreementPlanning permission was granted effectively extending the original consent by 2 years.
(City of London, Ref 08/01061/FULMAJ)
16/04/2009 Entire building demolished and the site now remains boarded. Construction however is yet to start.
(EGi site visit)
17/02/2009 London mayor Boris Johnson has backed in principle Land Securities’ revised plans for its Walkie
Talkie office scheme at this site. But the agreement is subject to a substantial contribution towards
Crossrail and some minor design alterations. Land Securities went back to City planners last month
to get permission to tweak the Rafael Vinoly-designed scheme. Consent was granted last July, but
LandSec is proposing an additional 27,000 sq ft floor and modifications to its roof garden. (EGi News
17/02/2009)
17/01/2009 Land Securities has gone back to City planners to get permission to tweak its proposed development,
which was granted last July. It now wants to add an extra 2,508 sq m (27,000 sq ft) and to make
changes to its roof garden. (Estates Gazette 17/01/2009 p20)
08/07/2008 The Leadenhall Building demolition is slightly ahead of this one which seems at a similar stage to the
last visit. The building to the west 10 Fenchurch Street has just started construction/refurbishment.
(EGi site visit)
14/02/2008 Becoming increasingly indistinguishable from the Leadenhall Building demolition is still underway.
(EGi site visit)
01/01/2008 Demolition still continuing (Site visit 01/2008).
01/11/2007 Demolition still underway and may take some time since it looks very similar to the bottom up method
used on the Leadenhall Building. (EGi site visit)
21/08/2007 The size of office space in the proposed development has been revised to 55,093 sq m (593,021 sq
ft), previously 64,381 sq m (693,000 sq ft). Completion is scheduled for Q2 2011. (Knight Frank
08/2007)
14/07/2007 Having been granted planning permission, Land Securities is now working on plans to start on the
scheme. Managing director of the London Portfolio Mike Hussey said LandSec would carry out
viability studies to see whether it should bring in a jv partner and seek a prelet before development. A
decision is expected by autumn.LandSec's decision may be influenced by the success of its New
Street Square, EC4 scheme. CB Richard Ellis and Jones Lang LaSalle are letting agents. (Estates
Gazette 14/07/2007 p28)
10/07/2007 Land Securities has been told today that it has received planning approval by Hazel Blears – the new
Secretary of State for Communities and Local Government – for its 509ft (155m) tower at 20
Fenchurch Street, EC3. (EGi News, City A.M 11/07/2007 p3)
13/03/2007 Land Securities' planning adviser on its Walkie-talkie tower has dismissed English Heritage's calls for
a "sky gateway" free of skyscrapers between the City cluster and Tower Bridge as a "hurried cobbled
together concept".Speaking at the public inquiry, Alan John Simmons, a consultant at DP9, the
planning and consultancy firm, said Secretary of State Ruth Kelly should attach no weight to the
concept.Simmons, presenting a witness for LandSec, said: "The policy of a sky gateway should be
promoted through policies in the development plan, which English Heritage has chosen not to do."He
also praised the building as having "architectural merit" and said it would bring "economic benefits
and assist to sustain and enhance London as a world class city".English Heritage's counsel Robert
McCracken QC claimed the tower did not have the support of London mayor Ken Livingstone,
highlighting a Radio 4 interview at the start of the inquiry in which Livingstone admitted to having
doubts.But LandSec claimed the mayor had not formally disagreed with the plans and had offered his
support. (EGi News)
Page 15 of 18
09/03/2007 The battle over the Walkie-Talkie, in London's Fenchurch Street, is a battle the modernists should
win, says the Financial Times leader column.The newspaper says the juxtaposition of old and new in
London is a barrier to change unlike in America and Asia where new records for the world's tallest
buildings are regularly set.The leader column notes one acute point of contention, which is how
skyscrapers affect the view in the sometimes tortuous planning process. It says that even a much
loved view can be made more interesting.It acknowledges that skyscrapers do not belong
everywhere and not all can be justified, but London's tall buildings are one way to make heavy use of
limited and valuable land. It says tall buildings can improve life in the capital as long as architects and
planning officials have their feet firmly on the ground. (EGi news/09/03/07 Financial Times 14,
Independent 15)
08/03/2007 Land Securities' 'Walkie Talkie' tower would become as iconic a part of London's skyline as the Swiss
Re Gherkin, the public inquiry into the scheme has been told.Giving evidence to the two week inquiry
yesterday afternoon, Land Sec's Francis Golding said the two buildings had attracted controversy in
some quarters for their "attention grabbing form", but said that like 30 St Mary Axe, the Rafael Vinoly-
designed tower would become a "loved symbol of London".Golding refuted objections raised by
English Heritage that the 525ft structure, at 20 Fenchurch Street, EC3, would adversely impact the
Tower of London World Heritage Site, insisting the view from the Tower's inner wards would be
affected by a "miniscule" amount.He also argued that placing a tall building within the settings of a
conservation area was contrary to the City of London's unitary development plan, although this was
denied by Land Sec, which argued many such schemes had been given consent in recent years.
(EGi News)
07/03/2007 Land Securities' design submission for its Walkie Tower in the City failed to highlight the "critical
issue" of the 525ft tower's adverse night-time impact on St Paul's Cathedral, a public inquiry heard
today.Robert McCracken QC, representing English Heritage this morning, said the "aggressively
competing" night-time illumination of LandSec's building was a "critical" factor in whether it should
gain consent, arguing that images should have been supplied.McCracken made the allegations
alongside a string of objections to the scheme as he cross-examined architect Rafael
Vinoly.Elsewhere McCracken slated the scheme for:· Impairing the viability of listed buildings to the
north of the tower on Eastcheap· Breaking the uniformity of Fenchurch Street by setting the building
back in a "North American fashion" · Allegedly ignoring fire/safety regulations by not meeting
standard travel distances to leave the building· Creating a "sky sahara" at its restaurant/leisure area
at the top of the tower a place where it would take a "bold, brave member of public to eat without
using the to pay facilities"· Designing a building that draws the eye away from the eastern cluster in
St Paul's by becoming broader as it risesIn defence, Vinoly argued that no viewpoints would be
adversely affected by the development in a City where the tradition was for "self-assured"
architecture.He added that the cluster of towers set to be built in the City complemented this
tradition.Vinoly said that in matters such as the inquiry "everything was a matter of judgement". (EGi
News)
06/03/2007 The public inquiry into Land Securities' Walkie Talkie tower began this morning and is expected to
last approximately two weeks.in its opening submission, the City of London Corporation defended its
decision for giving the scheme the go-ahead last year.It said that "a new landmark of outstanding
design…decisively outweighs the harm to heritage assets".LandSec pointed out that architectural
watchdog CABE is supporting its scheme and that its architect Rafael Vinoly is "one of the world's
most gifted architects".Russell Harris QC is representing LandSec; Christopher Lockhart-Mummery
QC is representing the Corporation. (EGi News)
05/03/2007 The government's architecture watchdog CABE has reaffirmed its support for the Walkie Talkie
building on the eve of the public inquiry into the scheme.Today CABE said that the Rafael Vinoly
designed tower should be given consent, subject to conditions related to detailed design and public
access.It writes: "CABE supports Land Securities' investment in a world class design team and
commitment to replace an undistinguished tall building with a new, groundbreaking design. The top of
the building will provide an extraordinary public space which will give unrivalled views of London and
the Tower of London World Heritage Site". Tomorrow's inquiry will hear objector concerns that the
design will negatively effect the historic environment and compromise the World Heritage Site.CABE
said it believed the "quality of the application outweighed the limited harm to the local conservation
areas".The government body added that it was essential that Rafael Vinoly Architects is retained by
the client throughout the process.CABE will be represented at the enquiry by Paul Finch, a CABE
commissioner. (EGi News)
Page 16 of 18
01/03/2007 English Heritage is expected to call for a zone free of skyscrapers between the City of London and
Canary Wharf today a so-called "Sky gateway".The zone would be a virtual line drawn from the
highest towers in Bishopsgate down to Canary Wharf with the stipulation that no new buildings should
be higher than the line.The zone would prevent any tower at 20 Fenchurch Street, EC3, where Land
Securities is proposing to build its 525ft Rafael Vinoly-designed Walkie Talkie.English Heritage's call
for a protected view will form evidence against the scheme at a public inquiry on 6 March. English
Heritage described the tower as a "brutally dominant expression of commercial floor space". (EGi
News)
05/02/2007 Due to the planning inquiry which is to begin in March, there are no longer any estimated construction
dates for this scheme. (EGi Research)
03/02/2007 A planning inquiry in relation to this scheme is scheduled to begin on 6th March 2007. English
Heritage is prepares its evidence against this scheme which is objected to when it was given the go
ahead in September. (Estates Gazette 03/02/2006 p32)
09/12/2006 Ruth Kelly has explained why she called in plans for the proposed development here earlier in the
month. She said that she would look at the "appropriateness of a very tall building" in this area and its
impact on the Tower of London. She, also, feels that it "may conflict with national policies on
important matters and could have significant effects beyond its immediate locality". (Estates Gazette
09/12/2006 p22
27/11/2006 Land Securities is to begin looking for funding for this tower. The company has not made a decision
as to whether it will go it alone, but BH2 has been appointed to seek interest from possible partners.
(Property Week 24/11/2006 p1)
23/11/2006 The proposed Walkie Talkie scheme has been called in by the secretary of state.The developer said
that it was "baffled" after receiving a call-in letter from the Government Office for London on Ruth
Kelly's behalf yesterday.Land Sec said it would be making representations on the Secretary of State's
decision in the next couple of days. Mike Hussey, managing director of the London portfolio, said:
"We are very surprised and felt that we had covered all the bases.London mayor Ken Livingstone has
been a firm supporter of the tower and has said that it should be even taller.An inquiry date early next
summer would still allow Land Sec to start the tower as planned in the final quarter of 2007 if it is
successful. (EGi News)
16/11/2006 Knight Frank is marketing 64,381 sq m (693,000 sq ft) of office space at this development. (Knight
Frank)
20/09/2006 The building has been granted permission. 12 councillors voted for; eight voted against. (EGi News)
19/09/2006 Application is at committee, with a recommendation to grant permission, which it was subject to
conditions, for the demolition of existing buildings and redevelopment of site. The application has
been amended since submission with the design for the tower having been reduced in height, moved
southwards and with a reduced footprint. The total gross floorspace of 94,379 sq m (1,015,895 sq ft)
to include:Erection of a 39 storey building comprising: Class B1 office; Class A retail at ground level,
mezzanine and basement and Skyroom at 35th level (including mezzanine and roof terrace) for use
Class D1, including use as a venue for receptions, promotions, product launches, private dining and
similar functions. Plans also included for a 'sky garden' above level 36Erection of an annex building of
up to four storeys for Class A3 (restaurant and café) and A4 (drinking establishment) uses, and Class
B1 (offices) and associated servicing facilities, including vehicle and cycle lifts to basement;
construction of 2 level of basement and underground parking, servicing, facilities associated with the
sky room and ancillary plant Provision of a new pedestrian route and publicly accessible open area;
landscaping and provision of new vehicular access and reconfiguration of existing servicing
arrangements for adjoining properties and other associated worksTotal final floorspace sizes are : B1
Office - 77,556 gross sq m (834, 812 sq ft) A1 Retail - 1,102 gross sq m (11,926 sq ft) D1 "Function
Space" - 3,233 gross sq m (34,800 gross sq ft) The accompanying S106 agreement would require
the following:£2,216,837 for local improvements£1,248,814 for affordable housing£624,407 for local
transport£208,135 for local employment improvements(City of London, Ref 06/00158/FULEIA)
15/08/2006 This application is still pending consideration (Corp. of London, Ref:06/00158/FULEIA, 15/08/2006).
04/08/2006 Observations requested for demolition of existing building and erection of a 45 ( now 36) storey tower
comprising commercial usage (London Borough of Haringey, Ref: HGY/2006/0593, 23/03/2006)
03/08/2006 Bovis Lend Lease is negotiating a £205m deal to build the "walkie talkie". However, Land Securities is
not expected to make a final contractor decision until next year, which is also when they hope
construction will start, providing the revised plans for the shorter tower are given the go-ahead.
(Construction News p7 03/08/2006)
Page 17 of 18
26/07/2006 Knight Frank are marketing 58,525 sq m (630,000 sq ft) of proposed space at this site. (Knight Frank)
21/07/2006 Land Securities revealed that the tower has been reduced from 45 storeys to 36. (Property Week
21/07/2006 p5)
18/07/2006 The application has been submitted to the City Planning Committee for feedback. The Planning
Officer has requested the committee consider the design and its impact on the immediate
surroundings (especially listed buildings, light amenity) and affect on the skyline and views of
St.Paul's Cathedral. The Planning Officer personally considers the effect of the proposal on the view
of St.Paul's sufficient to make the current proposal unacceptable (Corporation of London , Ref
06/00158/FULEIA).
26/04/2006 Knight Frank has commenced the premarketing of this proposed new Land Securities development.
There will be around 55,741 sq m (600,000 sq ft) of office space available. (Knight Frank)
31/03/2006 London Borough of Haringey has received a request for observations (London Borough of Haringey,
Ref: HGY/2006/0593, Ref:23/03/2006).
31/03/2006 An application for objections has been received by Westminster City Council. (Westminster City
Council 21/03/06 ref 06/02200/OBS)
20/03/2006 Application submitted for demolition of the existing buildings and structures on the site and its 98,
288sqm (105,797 gross sq ft) redevelopment by: erection of a 45 storey building comprising: Class
B1 office; Class A retail at ground level, mezzanine and basement and; Skyroom at 40th level
(including mezzanine and roof terrace) to be used for uses within Class D1 (non-residential
institution) and including as a venue for receptions, promotions, product launches, private dining and
similar functions Erection of a 3 storey building for Class A3 (restaurant and café) and A4 (drinking
establishment) uses, and Class B1 (offices) and associated servicing facilities, including vehicle and
cycle lifts to basement; construction of 2 level of basement and underground parking, servicing,
facilities associated with the sky room and ancillary plant Provision of a new pedestrian route and
publicly accessible open area; landscaping and provision of new vehicular access arrangements and
reconfiguration of existing servicing arrangements for adjoining properties and other associated
works. Total floorspace sizes are : B1 Office - 78,935 gross sq m (849,656 gross sq ft) A Retail -
1,114 gross sq m (11,991 gross sq ft) D1 "Function Space" - 3,791 gross sq m (40,806 gross sq ft)
(Corporation of London 14/03/2006 Ref 06/00158/FULEIA)
03/03/2006 Land Securities has submitted plans for a new tower. LandSec plan to replace the existing tower with
a new 630 ft tower incorporating approximately 78,965 sq m (850,000 sq ft) of office space and 1,114
sq m (12,000 sq ft) of retail space. The 45-storey building has been designed by architect Rafael
Viñoly. (EGi News)
16/01/2006 No objections raised by London Borough of Lewisham. (London Borough of Lewisham ref. 05/61232)
05/01/2006 Despite numerous applications for observations on the new tower Corporation of London has not
received or registered a new application for the site. (EGi Research)
16/12/2005 Observations requested from London Borough of Greenwich. (London Borough of Greenwich ref.
05/3155 /K )
02/12/2005 Observations requested from London Borough of Lambeth on the proposed re-development of the
land at 20 Fenchurch Street with a 200 m (656.2 ft) high building containing approx 91,000 sq m
(979,524 sq ft) of office space. (London Borough of Lambeth 02/12/2005 ref. 05/03629/OBS)
01/12/2005 Observations have been requested from Hackney Borough Council.(London Borough of Hackney Ref
2005/2836)
19/02/2005 Land Securities has appointed Rafael Vinoly as architect on this scheme, which is likely to comprise a
37,160 sq m to 46,450 sq m (400,000 to 500,000 sq ft) tower, incorporating office and retail space.A
ground-scraper has not been ruled out, but Vinoly is famous for his tower designs and narrowly
missed out on being architect for the Ground Zero project in New York. (Estates Gazette, 19/2/2005,
p.31)
16/11/2004 Dresdner Kleinwort Wasserstein (DrKW) signed for the entire building at 30 Gresham Street on a 24-
year leaseAs part of the deal, the bank will surrender its 61-year lease at this building and the
surrounding buildings, Fengate House and 10 Fenchurch Street and exchange a stake in these for a
share of 'value creation' in any subsequent scheme at this site, which Land Securities claims is ripe
for redevelopment.DrKW will relocate all of its London-based staff into 30 Gresham Street by early
2006. (EGi news 16/11/2004)
Page 18 of 18

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Grid Reference: 53300 - 18080

Deal Date: 01/12/2013 Players/Roles

Deal Date: 01/12/2013 Players/Roles

Deal Date: 01/07/2013 Players/Roles

Deal Date: 01/02/2013 Players/Roles

Deal Date: 01/01/2013 Players/Roles

Deal Date: 01/11/2012 Players/Roles

Deal Date: 01/09/2012 Players/Roles

Company Name: Lancashire Holdings Limited Date Taken: 01/12/2013

Company Name: Liberty Mutual Insurance Date Taken: 01/02/2013

Company Name: Liberty Mutual Insurance Date Taken: 01/12/2013

Company Name: Liberty Syndicate Management Date Taken: 01/02/2013

Company Name: Markel International Insurance Date Taken: 01/07/2013

Company Name: RJ Kiln & Co Limited Date Taken: 01/09/2012

Company Name: Royal Sun Alliance Date Taken: 01/01/2013

Company Name: Vanquis Bank Limited Date Taken: 01/01/2014

13th 1,656 sq m (17,829 sq ft) Yes - 01/11/2013

18th 1,886 sq m (20,296 sq ft) Yes - 01/10/2013

19th 1,936 sq m (20,843 sq ft) Yes - 01/10/2013

24th 2,175 sq m (23,407 sq ft) No

30th 2,462 sq m (26,496 sq ft) Yes - 01/12/2013

31st 2,492 sq m (26,819 sq ft) No

32nd 2,517 sq m (27,088 sq ft) No

34th 2,011 sq m (21,649 sq ft) No

3rd 1,306 sq m (14,053 sq ft) No

4th 1,328 sq m (14,297 sq ft) No

Planning and Construction

Floorspace Existing Proposed Gain

General: Total Building Size - 99,739 Gross sq m 99,739 Gross sq m

Business (B1a): Office 18,740 Gross sq m 80,048 Gross sq m 61,308 Gross sq m

Business (B1a): Office 15,617 Net sq m 58,274 Net sq m 42,657 Net sq m

General: Plant Area - 12,488 Gross sq m 12,488 Gross sq m

Non-resi Institutional (D1): - 3,240 Gross sq m 3,240 Gross sq m

Retail (A1): General Retail - 1,177 Gross sq m 1,177 Gross sq m

Retail (A1): General Retail - 881 Net sq m 881 Net sq m

General: Cycle Stands - 414 Spaces 414 Spaces

General: Car Parking - 6 Spaces 6 Spaces

01/01/2008 Demolition still continuing (Site visit 01/2008).

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