Australian property group Multiplex has been chosen to develop the 63-storey Pinnacle Tower at Bishopsgate in London's financial district. The skyscraper project was initially called Helter Skelter but was renamed when the Shariah-compliant real estate company Arab Investment bought it from Germany's Difa last May.
Australian property group Multiplex has been chosen to develop the 63-storey Pinnacle Tower at Bishopsgate in London's financial district. The skyscraper project was initially called Helter Skelter but was renamed when the Shariah-compliant real estate company Arab Investment bought it from Germany's Difa last May.
The 288-metre tower will be the highest structure in the UK when completed in late 2009. Designed by architect KPF, it will provide some 80,420 m2 of retail and office space on more than 60 levels, plus London's highest restaurant on the top floor. The construction contract is said to be worth £500 mln (EUR 738 mln). Planning permission has already been granted and construction work will begin early next year.
