40 Leadenhall Street, also known as Stanza London is an office-led development in London that is currently under construction. It is located within the City of London financial district and is one of a number of new building developments for the area.
40 Leadenhall Street | |
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General information | |
Status | Under construction |
Address | 40 Leadenhall Street |
Town or city | London, EC3 |
Country | United Kingdom |
Cost | £875million (estimate)[1] |
Client | Henderson Global Investors |
Height | 155 m (170 m AOD)[2] |
Technical details | |
Floor count | 35 |
Floor area | Offices: 890,000 square feet (82,700 m2) Retail: 20,000 square feet (1,900 m2)[3] |
Design and construction | |
Architecture firm | Make Architects |
Website | |
40leadenhall |
Construction commenced in early 2020 with a target completion date of December 2023.[4] US law firm Kirkland & Ellis will be a major occupier from completion.[5]
The development site, known as the Leadenhall Triangle, was purchased by Henderson Global Investors in June 2011 for around £190 million.[6]
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.
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 170m(AOD) on a site bounded by 19-21 and 22 Billiter Street, 49 Leadenhall Street, 108 and 109-114 Fenchurch Street, 6-8 and 9-13 Fenchurch Buildings.[7] The listed building at 19 - 21 Billiter Street is to be retained whilst all other existing properties on the site will be demolished.[8]
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.[9][10]
Following Brexit, the developer announced that construction will only go ahead when a sufficient amount of office space has been pre-let.[11]
In October 2019 it was announced M&G and Prudential have bought the site and will fund its construction for £875m with a final development value of £1.4bn. Build started in 2020[4] after Keltbray completed clearing the Leadenhall Triangle site. This is despite no pre-let.
The building varies in height by being laid in a series of vertical slices ranging from 7 to 34 stories at the Leadenhall Street end.[3]
51°30′47″N 0°4′48″W / 51.51306°N 0.08000°W