A 62-storey skyscraper – on the site of a previously planned building known as the Pinnacle or “Helter Skelter” – is to grace London’s skyline despite the uncertainty caused in the commercial property market by the vote for Brexit. Now known as 22 Bishopsgate – its address near Liverpool Street station – the building will be the tallest in London’s financial district and is being developed by AXA Investment Managers Real Assets. The building will be 278 metres tall, 10 metres lower than the original design that was first outlined almost 10 years ago. “We have not launched the project because we want to see the results of the Brexit [vote],” Vaquier said in June. Chris Hayward, chairman of planning and transport at the City ofLondon Corporation said: “This decision to continue with what is a key development in the City of London’s eastern cluster demonstrates the high level of investor confidence in London’s future growth.”

Source: The Guardian October 26, 2016 18:37 UTC