Construction of The Shard, Europe’s tallest mixed-use development, is set to get underway next month as the construction contract for the 80 storey build was signed this week with Mace Group
Site demolition for The Shard has been completed and test piling is currently underway. It is anticipated that building work on the Shard will commence in early March and the project will be completed in Spring 2012.
The Shard forms the first phase of the £2bn Renzo Piano-designed London Bridge Quarter regeneration project, which also includes redevelopment of the London Bridge Station concourse and development of London Bridge Place, a 17 storey corporate headquarters.
A separate contract will be let for the adjoining London Bridge Place, with construction commencing towards the end of 2009 and completion anticipated during the third quarter of 2012.
Chairman of London Bridge Quarter (LBQ) Salah Mohamad Jaidah said: “We are very pleased to have reached the stage where everybody has the confidence to move this project forward in such a strong manner. The investors in LBQ Ltd have great confidence that The Shard will be completed on schedule in what are very difficult economic conditions. The uniqueness of The Shard and its sister building London Bridge Place is one of the great strengths.”
In December London Bridge Quarter, which is owned equally by three Qatari banks, a Qatari real estate company and Sellar Property Group, announced that it had received significant funding for London Bridge Quarter from the Qatari Diar Real Estate Company.