Land Securities confirms Walkie Talkie development

Office design news from Morgan Lovell

Published on 20-10-2010

A 50:50 joint venture between Land Securities and Canary Wharf Group will be responsible for the development of the new 37-storey building at 20 Fenchurch Street, which has been nicknamed the Walkie Talkie.

Planning consent for the new building was granted in October, but Land Securities confirmed that it would develop the building through a joint venture.

The new building is set to offer around 690,000 sq ft of office space on floor plates of between 14,000 and 28,000 sq ft, while the top three floors of the building are destined to be turned into a sky garden.

Managing director of Land Securities' London Portfolio, Robert Noel, said: "The joint venture brings together two substantial companies with complementary skills in the conception and delivery of large schemes in London."

The new building is anticipated to cost around £500 million. Completion of the ground floor level is scheduled for February 2012, while the whole building is due to be completed at some point during the second quarter of 2014.

Posted by Paul Kelly