40 Leadenhall Street

40 Leadenhall Street
40 Leadenhall Street in September 2023
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

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

Planning

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

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

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)

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)[12]

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

References

  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. ^ 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.
  12. ^ https://www.costar.com/article/1758743927/mg-closes-in-on-full-occupancy-at-40-leadenhall-city-tower-with-double-letting

51°30′47″N 0°4′48″W / 51.51306°N 0.08000°W / 51.51306; -0.08000

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