People with jobs in town planning in the capital could be signed up to help design the new Cheese Grater Tower after a financial deal for the property was confirmed.
Earlier this week, British Land revealed that it has signed a £340 million deal with Oxford Properties - part of Ontario Municipal Employees Retirement System pension fund - to build the wedge-shaped building on Leadenhall Street.
The 47-storey construction is expected to extend 225 metres high and work will be completed by summer 2014.
Chief executive of British Land Chris Grigg stated that the building's "unique and iconic architecture" will provide the city with an "unbeatable combination of style, presence, location and office floor space".
Speaking on the new development plans, Peter Rees, head of planning at the City of London Corporation, said investors are showing they are now keen to bring their money into the capital instead of other areas including New York or the Middle East.
Posted by Francesca Critchlow
