'Scalpel' Tower To Be Built In The City
Tuesday 15th January 2013
A 38-storey tower has been given the green light to be built in The City.
The Lime Street tower, nicknamed The Scalpel due to its straight-edged design, has been designed by Kohn Pedersen Fox.
At 190m tall - 620ft - it will be taller than the Gherkin and will be the European headquarters for the US insurance company WR Berkley.
City of London said the building was a "major vote of confidence in the City's status as Europe's financial capital".
A new public space at street level would be created, as would a restaurant below ground. Work on site is expected to begin by the end of 2013.
Chairman William R. Berkley said: "We are acting as financier, developer and occupier so these plans represent a real, financial and physical commitment to London. Today's decision moves us a step closer to making our plans a reality."