Developer seeks new quotes from contractors to build shelved City of London skyscraper
Work on the Walkie-Talkie skyscraper in London looks set to begin again after its developer, Land Securities, asked construction firms to provide estimates for the building.
The 500ft-high City of London skyscraper, dubbed the Walkie-Talkie because of the structural shape of the building, was shelved around 18 months ago due to the recession.
According to reports, the development could begin again this year.
Construction fees are expected to have fallen significantly compared with when the company last looked into the development.
It is understood that the developer is uncertain as to whether it will need to bring in another investor before going ahead with the scheme.
Land Securities has already confirmed plans to build three West End developments, including one on Oxford Street.