Newcastle Guy

122 Leadenhall's demolition is well underway, and it was announced last week that it would be built without tenants. Because the building is being demolished from the bottom up, it should start construction within about a month. Bishopsgate Tower has been bought and fully funded by Arab Investments, and renamed 'The Pinnacle'. Demolition is starting in weeks, and it will be built without tenants. Norton Rose have FINALLY moved out of the Heron Tower site. Demolition will commence, and it is fully funded. It has been announced as spec build, and will need no tenants. Riverside South is now under construction, and has recieved a height increase to 236m above ground level. It will be the tallest tower in Canary Wharf when completed. It is likely to recieve tenants easily, as vacancy levels are at around 3% in canary Wharf, lower than they have ever been. the Shard has been 65% pre let now. It needs to secure more funding, not that that shouldn't be much of a problem. PWC have announced they will vacate the current site in June/July, and demolition is to start in September, with construction next year. Hoardings have gone around the area recently with big renders announcing that the renaissance of the area has begun. Broadgate Tower, 165m, is topping out, and renders have recently been released of a taller neighbour to it designed by Norman Foster, designer of the much loved and iconic Swiss Re building. Wood Wharf, consisting of 3 skyscrapers of around 150m for the east end of Canary wharf is to go in for planning in a month or two. Heron Quays West in canary Wharf, which is likely to consist of twin towers around 200m, will go in for planning soon, and development is due to begin in August 2008 or before that, much earlier than we expected. The 125m Willis Building in the Heart of the city is finishing off externally, and the 100m Stock Exchange redevelopment nearby is coming on well. 100 Bishopsgate, a 165m tower for the City near Heron, was approved not too long ago. It will not start construction until 2011 or later however. Demolition has started on the site of the now approved Multiplex Living Tower, 147m, in E&C. So, for now, I don't see much getting cancelled. In fact it is all looking quite positive:)