22 Bishopsgate
We raised the acquisition funds from investors in the Gulf.
All underground works up to 7th floor core was completed.
The consented scheme trophy and expensive to build.
There was cost conscious post recessionary to build it.
The shareholders mothballed the works by end of 2011.
We worked up new scheme with the City Planning, Lipton Rogers Developments LLP and PLP Architecture.
The new scheme was profitable to procure funding to build.
We convinced the previous owners to partner/sale the site.
The new scheme is 278m 62 storey of 1,275 million sq ft.
It will house 12,000 workers, food market and viewing gallery.
It will contain 100,000 sq ft of amenity and social spaces.
The construction works is scheduled to complete mid 2020.
Total development costs £1 billion including acquisition costs.
Benefits from excellent acquisition price of £200 per sq ft.
The tallest tower and leading focus of City of London.
Integral part of the City and a spectacular new landmark.
The centre of the City at heart of banking & insurance sectors.
Located 300m east of Bank of England and Royal Exchange.
Just 175m north west of Lloyds of London.
Istisna'a Sharia compliant financing is put in place.
London, UK
EC2N 4BQ
A freehold real estate development of six empty office properties formally known as 6&8, 22-24 and 28 Bishopsgate Street, with permission to develop 288 metres tall, 962,000 sq ft Grade A offices over 62 storeys, with a design to accommodate a wide variety of office occupiers, cafes, restaurant and viewing gallery. It is located in the hearth of the City of London and known as Helter Skelter.