Bolt replacement work on the ‘Cheesegrater’ skyscraper in the City of London is likely to last all year, steel firm Severfield has said.
The firm, which completed work on the Leadenhall Building in 2013, said it had since spent £1M on the replacement programme.
This work, being undertaken in conjunction with British Land, Laing O’Rourke and Arup, is “likely to continue until the end of the calendar year” Severfield said in a statement today.
“While these works progress, all parties continue discussions to agree where the liability for the costs of the programme should rest,” it added.
“The group’s costs are being regarded as exceptional and will not impact our underlying operating profit for the current year.
“The group’s overall trading performance continues to be in line with management expectations. Its financial position remains satisfactory and net funds are expected to remain positive at the year end.”
NCE reported earlier this year that a third bolt had broken on the Cheesegrater (pictured, tallest building in image).