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Sat October 31 2020

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£300m Walkie-Talkie tower attracts bidders

5 Mar 10 A number of construction companies are believed to be speaking to Land Securities about the £300m Walkie-Talkie tower, after the developer said it was reassessing plans for the City of London scheme.

A number of construction companies are believed to be speaking to Land Securities about the £300m Walkie-Talkie tower, after the developer said it was reassessing plans for the City of London scheme.

The tower, otherwise known as 20 Fenchurch Street, received planning permission in 2007. However, Land Securities mothballed the scheme after the recession ravaged the commercial property sector.

Construction companies thought to be interested in the Walkie-Talkie tower include Bovis Lend Lease, Brookfield, Skanska, Sir Robert McAlpine, Laing O’Rourke, and Shard developer Mace.

The 36-storey, 639,000sq ft building had an estimated construction value of £300m when planning permission was granted three years ago.

Demolition of the building that stood on the 20 Fenchurch Street site was completed a year ago.
 

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