Buildington
Open database of new property developments & buildings in London, UK.
22 Bishopsgate (The Pinnacle) site in 2011

22 Bishopsgate (The Pinnacle) site in 2011

2. June 2011
The Pinnacle construction site in June 2011.

The Pinnacle construction site in June 2011.

2 June 2011
The Pinnacle construction site in June 2011.

The Pinnacle construction site in June 2011.

2 June 2011
The Pinnacle development in June 2011.

The Pinnacle development in June 2011.

2 June 2011
The Pinnacle development in September 2013.

The Pinnacle development in September 2013.

25. September 2013
The Pinnacle development site in the City of London.

The Pinnacle development site in the City of London.

25. September 2013
The Pinnacle in September 2013.

The Pinnacle in September 2013.

25. September 2013
The Pinnacle in September 2013.

The Pinnacle in September 2013.

25. September 2013
Poster with the CGI of The Pinnacle building.

Poster with the CGI of The Pinnacle building.

25. September 2013
View to The Pinnacle development from Bishopsgate.

View to The Pinnacle development from Bishopsgate.

25. September 2013

22 Bishopsgate

Address:
22-24 Bishopsgate, London EC2N 4BQ
Type:
Commercial
Completion:
2019
Website:
Viewed:
9928

Description of 22 Bishopsgate

22 Bishopsgate (formerly known as The Pinnacle) is an office building development in the City of London EC2.

The new 62-storey office building will be 278m tall. It will include a public viewing gallery at the top, free to all.

Designed to achieve an ‘excellent' rating according to BREEAM.

July 2015 - Submission for planning permission. Removal of existing concrete stump.

Early 2016- construction starts

Early 2019 - 22 Bishopsgate opens

Connected Companies

Architect:
Developer:
Main Contractor:

Buildington Rating & Notes

News & Comments: (10)

Buildington
2016/12/14 18:25

Mayor of London has approved plans for the new development at 22 Bishopsgate.

The planning application was for:

Construction of a building arranged on three basement floors, ground and 61 upper floors plus mezzanines and plant comprising floorspace for use within Classes A and B1 of the Use Classes Order and a publicly accessible viewing gallery and facilities (Sui Generis); hard and soft landscaping works; the provision of ancillary servicing and other works incidental to the development. (199,224sq.m GEA).

LPA Case No 15/00764/FULEIA

Buildington
2016/12/06 13:31

The insurer and development partner of 22 Bishopsgate Lipton, Rogers Developments, has submitted a revised planning application to the Corporation of London, reports Evening Standard.

The developers have taken 23 metres off the height, which means the tower will be 59 storeys (255 metres).

Source: New Bishopsgate skyscraper gets 'haircut' to avoid City Airport flights, Evening Standard www.standard.co.uk 5.12.2016.

Buildington
2016/10/28 10:18

Real estate and asset manager AXA Investment Managers - Real Assets has announced that, on behalf of a consortium of international investors, it will continue construction of 22 Bishopsgate in the City of London.

The commitment to 22 demonstrates AXA IM - Real Assets’ and the consortium of international investors’ confidence in how appealing this highly progressive c.1.4 million sqft (c.128,000 sqm) development will be to all types of international and domestic occupiers. This confidence is based on the unique and broad range of amenities and types of space that 22 will offer, as well as its prime location in the City of London, as one of the leading global centres for international business, notwithstanding the current uncertainties created by the EU Referendum.

AXA IM - Real Assets, together with its development partner Lipton Rogers, expect to finalise the appointment of a contractor for the main build of the tower within the next few weeks, with work due to commence thereafter. Significant preparatory works have already been undertaken on the site, including substantially completing the foundations and ground works, which utilised those from the previous unfinished development, to allow for an accelerated construction timetable, with a target completion date of 2019.

On completion, 22 will be a new model and standard for workplace design and management, with the objective of meeting emerging occupier needs for greater space, adaptability, productivity and employee satisfaction. The building, designed to appeal to a broad range of occupiers, will offer extensive amenities and spaces for meeting as well as shared work environments, including an innovation centre that will support progressive new City businesses. A wide range of services, new technologies and events will serve the community of over 12,000 people working within 22.

Plans include dedicated areas for leisure, health and wellbeing. In line with AXA IM - Real Assets’ ambition to be a globally sustainable business, notably by targeting 75% of total direct property under management to be certified with reputable sustainability labels by 2030, 22 is the first UK building to apply for the Delos WELL Building Standard. This certification recognises the impact that buildings have on the health of their occupiers.

Pierre Vaquier, CEO of AXA IM - Real Assets, said: “Our ongoing commitment to 22 Bishopsgate reflects our firm belief, and that of our clients and partners, in this development project, aligned to the fact we are taking a long term view of this investment. The decision to proceed underscores our confidence in the progressive and attractive development that we will deliver at 22, coupled with the anticipated breadth of demand from local and global occupiers for easily accessible space in a prime location in the City of London, as one of the leading global centres for international business, that will respond to their future business needs.”

Buildington
2015/11/18 12:00

The City of London Corporation’s Planning & Transportation Committee has given planning permission for a new tower at 22 Bishopsgate.

The site has planning permission for the “Pinnacle” tower which was given planning permission and begun before the financial crisis. The planning permission for the new tower does not invalidate the old one, meaning that in theory either design could be built.

After the Committee, Chief Planning Officer Annie Hampson said: “This is a substantial high-quality tower. 22 Bishopsgate exemplifies many of the qualities we are looking for in our landmark buildings – it is elegant, calm, and open to the public. A viewing gallery at the top will provide for workers, visitors, residents with the opportunity to look out over the City free of charge. Tall buildings in the City’s Eastern Cluster near transport hubs are an effective way of creating the increase in office space and employment needed for a growing London.”

Buildington
2015/08/23 21:38

The core of The Pinnacle is currently being demolished to make way for a new 62-storey skyscraper 22 Bishopsgate.

Construction of The Pinnacle stopped four years ago at level 9.

Buildington
2015/06/17 23:43

Designs for the proposed tower at 22 Bishopsgate will be displayed for the first time today as part of a public exhibition. The exhibition is to be held on site at 22 Bishopsgate and comes ahead of the anticipated submission of a new planning application later this summer. The new design follows the acquisition of the site earlier this year by a consortium of international investors led by AXA Real Estate, with Lipton Rogers acting as development partner.

22 Bishopsgate will fill an obvious gap at the centre of the City's cluster of tall buildings. Work stopped in 2012 on the previous development of the site, which was granted planning approval in 2007 and had a consent that was designed for different economic conditions, with only the foundations, basements and the lift core up to level nine having been completed. Of the existing structure, the foundations and basements will be retained, helping minimise the disruption from the new proposal.

The new design, led by Karen Cook of PLP Architects, responds to recent towers, which have been approved and developed in the area since 2007, whilst respecting designated views from around London. The proposed building is 278m and 62 storeys tall; 10m lower than the previously approved consent. Overall the building will provide more than 1.4 million sqft of net internal area with the floor plates shaped to reduce the mass of the building, whilst offering the optimum size and configuration for potential occupiers.

At the top of the building will be a public viewing gallery, which will have dedicated lifts, be free to the public and sit alongside a two storey public restaurant and bar.

London's position as a world leading Global City and continued predictions for its employment growth are putting pressure on the supply of central London office space which meets the needs of modern businesses. With the advent of Crossrail at Liverpool Street, 22 Bishopsgate is in the heart of one of the best-connected CBDs in Europe and fulfils the increasing need for high-density employment space that maximises the benefits of this public investment in infrastructure.

On completion, 22 Bishopsgate will be an integrated vertical city which accommodates over 12,000 people, and has been conceived to provide an exceptional work environment including an extensive range of amenities, services and facilities, arts and entertainment. In the nine years since the previous design was approved, both business and employee expectations for their workplaces have led to increased standards in office design and management. The proposals for 22 Bishopsgate have taken a fresh look at this new environment based on international best practice and aim to create a better place for people to experience whether at work, at play or when visiting.

22 Bishopsgate aims to create a community; the plans include spaces for meeting and collaboration, as well as a range of cafés, food outlets and a conference centre, complimented with amenities such as a medical centre, library, a wellness suite, and specialised sports facilities. 22 Bishopsgate will host art installations, curated events and seminars, while on the ground floors, there will be a programme of coached sessions ranging from cookery through to language lessons.

Large floorplates provide flexibility that will appeal to all business sectors
The spatial design of the proposed floorplates and their size – over 20,000 sqft at most levels – offer increased flexibility for interior layouts with a variety of working spaces, which can accommodate internal staircases and winter gardens to support business activity and improve productivity. This means that 22 Bishopsgate will be equally appealing to a wide range of businesses from all sectors across London and of all sizes.

The flexible approach to space is coupled with oversized floor-to-ceiling heights that deliver 20% more window space than conventional office building and provide exceptional views as well as a natural light, which helps promote the building's aim of improving wellbeing; a theme which is evidenced by the fact that 22 Bishopsgate aims to be the first building in London to adopt the new Delos WELL Building Standard. The Delos standard is the world's first building standard focused exclusively on human health and wellness and assesses people using the building to measure, certify and monitor features that impact health and wellbeing.

In addition to its exceptional accessibility by public transport, 22 Bishopsgate, will achieve a BREEAM Excellent sustainability certification and a 25% carbon saving compared to the previous scheme, partly due to the triple glazed ultra-efficient façade.

The building will set new standards in promoting cycling, providing a parking facility on site for over 1,500 bikes and over 100 showers, along with hire, repairs, sales, safety training, spinning classes, laundry and drying facilities.

Improving safety and reducing congestion through a unique consolidated delivery plan 22 Bishopsgate will also be the first major office building in London to use an off-site consolidated delivery centre to minimise vehicle movements to the site - reducing pollution, improving security and diminishing the number of cyclist accidents with HGVs. Supplies to and waste from the building will be delivered to a consolidation centre outside central London and energy efficient vehicles will then make far fewer deliveries to the site outside peak pedestrian movement and rush hour times.

Commenting on the proposed development, Sir Stuart Lipton of Lipton Rogers said: "22 Bishopsgate will represent an elegant addition to the City of London at the heart of the cluster of tall buildings. Technically advanced with care for people at the heart of its strategy and taking new ways of working as its essence, the building will assist personnel to feel motivated and earn its place as the finest working environment in Europe with wellbeing and a range of social facilities that make the work experience less stressful, as well as more uplifting and efficient."

Anne Kavanagh Global Head of Asset Management and Transactions at AXA Real Estate, added: "Our commitment to develop 22 Bishopsgate is driven by London's status as one of the preeminent world cities and its continued capacity to generate employment and growth. As with our other projects, 22 Bishopsgate has an underlying commitment to create a sustainable building environmentally, socially and economically. This investment is being made for the long term and – along with public and private investment into the local transport and infrastructure – we believe will continue to strengthen central London's position as an international business location."

The exhibition of the proposed development will run from 12-2pm, and 4-8pm until Friday 19 June and 10am-4pm on Saturday 20 June.

Source: AXA www.axa-realestate.com

Buildington
2015/02/20 13:42

AXA Real Estate Investment Managers has exchanged contracts, on behalf of an international consortium of investors, to acquire 22 Bishopsgate, London EC2 (formerly known as The Pinnacle) from Pinnacle No 1 Limited to develop a new building partnering Lipton Rogers Developments.


In the all-equity transaction, AXA Real Estate, acting as development & asset manager, on behalf of the international consortium of investors, has retained Lipton Rogers as developer. The consortium intends to develop a new landmark tower, designed by leading architects PLP, at the heart of the City of London, close to Liverpool Street Station. The new tower will provide over 1 million sqft of prime offices, including retail as well as restaurant and bar space. There will be a public viewing gallery at the top of the building.

Pinnacle No 1 Limited will retain an interest in the top floors of the building which will provide a unique leisure offer with separate ground floor access.

A planning application for the new 22 Bishopsgate tower will be submitted within the next few months. Construction is expected to commence by the end of 2015 with completion scheduled for the end of 2018.

AXA Real Estate, on behalf of the investors’ consortium, is advised by JLL and CBRE advised Pinnacle No 1 Limited.

Anne Kavanagh, Global Head of Asset Management & Transactions at AXA Real Estate, commented: “The acquisition of 22 Bishopsgate represents a significant opportunity to purchase a prime office development site at one of the most desirable office locations in the City of London. Our experience of underwriting development opportunities and putting together international investor clubs has been pivotal to bringing a transaction of this size and complexity together. The project has enormous potential and we believe that the combination of AXA Real Estate’s strong track record of development in London and internationally, together with the long term prospects of London as a world leading city and international finance centre, present a compelling investment opportunity.”

Sir Stuart Lipton, Partner of Lipton Rogers, said: “We are now delighted to be partnering with AXA Real Estate having worked on 22 Bishopsgate with PLP Architects and WSP for over three years. We have developed an innovative design for an exceptional office tower with art and character, shaped to respect views of the City and designed to be more than an office building with social amenity spaces, restaurants, bars and retail units as a new vertical City campus reflecting the City’s ever changing consumer base."

Buildington
2013/09/29 16:13

New photos!

Buildington
2011/09/26 09:29

Work on the skyscraper will resume after developers stopped construction when they ran out of funds, reports Evening Standard.

A £500 million rescue package was agreed to finish the 288-metre Pinnacle tower. Khalid Affara, managing director at Arab Investments, has confirmed HSBC will fund its development.

Buildington
2011/06/03 00:47

New in Buildington!

Spiraling 288 meters (941 feet) upward from its base, the Pinnacle tower will form the apex of an emerging cluster of tall buildings in the centre of London’s financial district. Designed to make substantial contribution to the public realm, the project involves reopening a ground-level pedestrian passageway closed to pedestrians by a previous building on the site since the 1980s and linking a number of important public spaces along Bishopsgate and St. Mary Axe.

Source: kpf.com

*DISCLAIMER! Information on this page is for guidance only and remains subject to change. Buildington does not sell or let this property. For more information about this property please register your interest on the original website or get in touch with the Connected Companies.

New London developments on Buildington - monthly update

New Developments