City of London to get 300-metre skyscraper next to Gherkin
New York insurer AmTrust plans 70-storey tower, aiming for completion by 2033.
Trust 30Craft 60Hype 45How this was reported ▾
The central claim is attributed to a named body, but no other sources are cited.
How well corroborated and evidenced the reporting is. Higher is better.
The article explains why the development matters and quotes affected parties, but lacks specific figures and dates.
Context, balance and separation of fact from comment. Higher is better.
The headline is lively but the article provides a balanced overview of the plans.
How far presentation runs ahead of substance. Lower is better.
1 source assessed · methodology
Plans are underway for a new 70-storey skyscraper, reaching 300 metres in height, to be built in the City of London. The proposed development would be located on a site adjacent to The Gherkin, at Exchequer Court. New York-based insurer AmTrust Financial Services is leading the project, having owned the site since 2017.
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The new tower, while standing at 300 metres, would be slightly shorter than The Shard's 309.6 metres. However, due to London's elevated terrain, the summit of the proposed building could reach approximately 320 metres, compared to The Shard's 312 metres. AmTrust Financial Services has indicated a target completion date of 2033 for the skyscraper. This timeframe coincides with the expected completion of the neighbouring One London skyscraper.
Context and Rationale
Chaya Cooperberg, Executive VP at AmTrust, stated that the proposals represent a significant long-term investment in the City of London, reflecting confidence in its future as a financial centre. The City of London Corporation reports that an average of 676,000 people work in the City each day, a figure 25% higher than pre-pandemic levels. This suggests a strong demand for office space, with current rents rising and supply expected to be outstripped by demand in the coming years.
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A spokesperson for the project added that the emerging plans aim to deliver high-quality, future-ready workspace to meet the City's need for new Grade A offices. The development also intends to provide enhanced public spaces, cultural uses, and an improved street-level environment for workers and visitors.
Next Steps
A public consultation regarding the skyscraper plans is expected to commence shortly. Following this, a formal planning application is anticipated in early next year. The construction of two large towers simultaneously in close proximity could present challenges for surrounding streets, necessitating careful traffic management during the building phases, as noted by ianvisits.
Questions this report answers
+How tall will the new skyscraper be?
The proposed skyscraper will stand at 300 metres tall. Due to the elevated land in the City of London, the top of the tower could reach approximately 320 metres.
+Who is planning the new skyscraper?
The development is being planned by New York-based insurer AmTrust Financial Services, which has owned the site at Exchequer Court since 2017.
+When is the skyscraper expected to be completed?
AmTrust Financial Services aims to finish the 70-storey tower by 2033. This is around the same time the neighbouring One London skyscraper is due to be completed.
+What is the rationale for building another tall office building?
The City of London reports a high daily workforce of 676,000, which is 25% more than before the pandemic. This indicates a strong demand for office space, with supply expected to fall short of demand.
WE FILE
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The London Travel Desk assembled this report from the outlets listed below. Language-model drafting is reviewed under human editorial supervision, with scoring notes and corrections kept visible.
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