40 Leadenhall Street

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40 Leadenhall Street
40 Leadenhall Street in September 2023
Map
General information
StatusCompleted
Address40 Leadenhall Street
Town or cityLondon, EC3
CountryUnited Kingdom
Construction started2020
Completed2024
Cost£875 million (estimate)[1]
ClientHenderson Global Investors
Height155 m (509 ft)
(170 m (560 ft) AOD)[2]
Technical details
Floor count35
Floor areaOffices: 890,000 sq ft (82,700 m2)
Retail: 20,000 sq ft (1,900 m2)[3]
Design and construction
Architecture firmMake Architects
Website
40leadenhall.london

40 Leadenhall Street, also known as Stanza London is an office-led development in London, England. It is located within the City of London financial district and is one of a number of new building developments for the area.

Site ownership and location

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The development site, known as the Leadenhall Triangle, was purchased by Henderson Global Investors in June 2011 for around £190 million.[4]

It is situated in the Aldgate ward in the eastern portion of the City of London, and is a short distance from the Leadenhall Building and the Lloyd's building.

History

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Planning

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In October 2013, Vanquish Properties (UK) Limited Partnership applied for planning permission to construct a building comprising 10, 14 and 34 storeys to a maximum height of 170 m (560 ft) (AOD) on a site bounded by 19–21 and 22 Billiter Street, 49 Leadenhall Street, 108 and 109–114 Fenchurch Street, and 6–8 and 9–13 Fenchurch Buildings.[5] The listed building at 19–21 Billiter Street was retained whilst all other existing properties on the site were demolished.[6]

Planning permission was granted by the City of London Corporation on 29 May 2014, following a resolution to grant permission by the Planning and Transportation Committee on 25 February 2014, subject to certain planning obligations being met.[7][8]

Construction

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Following Brexit, the developer announced that construction would only go ahead when a sufficient amount of office space had been pre-let.[9]

In October 2019, it was announced that M&G and Prudential had bought the site and would fund its construction for £875 m, with a final development value of £1.4 bn. The build started in 2020[10] after Keltbray completed clearing the Leadenhall Triangle site. This was undertaken despite there being no pre-let. The building was completed in 2024.[11]

Design

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The building varies in height by being laid in a series of vertical slices ranging from 7 to 34 storeys at the Leadenhall Street end.[3]

Tenants (floor/s)

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Acrisure RE (8-9), Ark Syndicate Management (11), Chubb (mezzanine,3-4,7), Huckletree (1-2), Kirkland & Ellis (15-34), McGill (13-14), NKSJ/Sompo Japan (4-6,12), Shawbrook Bank (10).[11]

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  • The construction site in August 2021
    The construction site in August 2021
  • Construction of the concrete structure in August 2021
    Construction of the concrete structure in August 2021
  • 40 Leadenhall Street in July 2023
    40 Leadenhall Street in July 2023
  • 40 Leadenhall Street in September 2023
    40 Leadenhall Street in September 2023

References

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  1. ^ Richard Waite (17 September 2013). "Revealed: first images of Make's Leadenhall high-rise scheme". Architects Journal. Retrieved 8 November 2013.
  2. ^ "City of London - Planning Applications". City of London. 13/01004/FULEIA "South Elevation". Retrieved 8 November 2013.
  3. ^ a b "Henderson Global Investors launches plans for new office building at 40 Leadenhall Street". Henderson Global Investors. 17 September 2013. Retrieved 8 November 2013.
  4. ^ "Leadenhall Triangle sale completed". City AM. 22 June 2011. Retrieved 7 November 2013.
  5. ^ "City of London - Planning Applications". City of London. 13/01004/FULEIA. Retrieved 7 November 2013.
  6. ^ Mark Wilding (30 October 2013). "Make submits 34-storey City tower plans". Building Design. Retrieved 8 November 2013.
  7. ^ "Planning and Transportation Committee - Minutes 25 February 2014". City of London Corporation. 25 February 2014. Item 5a and 5b. Retrieved 12 March 2014.
  8. ^ "City resolves to grant planning permission for 40 Leadenhall Street". Make. 25 February 2014. Archived from the original on 5 July 2014. Retrieved 12 March 2013.
  9. ^ Dransfield, Louise. "Make's £400m Gotham City tower is paused amid Brexit uncertainty". Building Design. Retrieved 21 July 2016.
  10. ^ "Piling commences at 40 Leadenhall Street in the City of London". Chelsea Construction Consultancy. 12 July 2020. Retrieved 13 February 2025.
  11. ^ a b Norman, Paul (21 March 2024). "M&G Closes in On Full Occupancy at 40 Leadenhall City Tower With Double Letting". CoStar. Retrieved 13 February 2025.
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51°30′47″N 0°4′48″W / 51.51306°N 0.08000°W / 51.51306; -0.08000