Work starts on City’s 50-storey tower

Foundation and piling work has started on the 50-storey tower at 6-8 Bishopsgate/150 Leadenhall Street in the City of London.

Approval for the steel-framed office tower was only secured last summer. The development will encompass distinctive ‘stacked blocks’ with retail units on the ground floor and a viewing gallery at its summit. The scheme will provide over 52,900m² of space to let.

Developers for the scheme are Mitsubishi Estate London and Stanhope.

Mitsubishi Estate London Managing Director and CEO Yuichiro Shioda said: “As part of the eastern cluster, this new tower will provide the modern business space required to keep the City of London at the forefront of international commerce.”

Stanhope Chief Executive David Camp said: “We are delighted to be continuing our partnership with Mitsubishi Estates on this striking landmark building for London that will further enhance its global appeal and its ability to attract high quality international businesses to locate in the City.”