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New City Skyscraper planned

WR Berkley, the American insurance firm, is in the final stages of preparing a planning proposal for a new skyscraper in the City of London.

A spokesman told Construction News that the company had been in pre-planning discussions with the Corporation of London, and that the building is rumoured to be around 40 storeys tall.

If successful, the bid would be the first successful high-rise office scheme in the City since late 2008, when the 100 Bishopsgate development was approved.

CN understands that Architect Kohn Pederson Fox has been appointed to draw up designs for the site at 52-54 Lime Street and 27 Leadenhall, in the heart of London’s financial district.

WR Berkley is currently headquartered at 40 Lime Street, but may relocate its head office to the new site.

The firm bought the 98,000 sq ft site last year for around £38m, from real estate fund manager Prupim.

Initial images are expected to be released next week.

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