New skyscraper near The Shard proposed for London skyline transformation

US insurer AmTrust plans to replace Exchequer Court on St Mary Axe with a 70-storey tower nearly 300m tall, featuring office space and public amenities including cultural venues and a landscaped garden. The planning application is anticipated in early 2027, with completion aimed for 2033.

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New skyscraper near The Shard proposed for London skyline transformation

Get you up to speed: Giant new London skyscraper would be almost as tall as The Shard | News UK

US insurer AmTrust plans to develop a 70-storey skyscraper to replace the Exchequer Court office building near the Gherkin Tower in London. The project aims to create significant office space and public amenities, with a planning application expected to be submitted in early 2027.

The designs for the new Exchequer Court skyscraper, led by WilkinsonEyre, aim to enhance public access with cultural and exhibition spaces on the first seven floors and a landscaped garden on the seventh. AmTrust expects to submit a planning application in early 2027, with the redevelopment’s completion targeted for 2033.

AmTrust plans to submit a planning application for the new Exchequer Court skyscraper in early 2027, with hopes of completing the project by 2033. The redevelopment is expected to create 100,000m² of office space and include public amenities, addressing concerns regarding community accessibility and architectural integrity in the historically significant area.

What remains unclear — It is not yet known when the planning application will be formally submitted by AmTrust.

New skyscraper near The Shard proposed for London skyline transformation

The City of London in London, Britain, 11 July 2025. EPA/ANDY RAIN
The London skyline will soon look very different (Picture: EPA)

London’s skyline could soon change drastically, as a new giant skyscraper may be on its way.

The brand-new building will be located in the heart of the city near the famous Gherkin Tower, and it will replace the current Exchequer Court office building on St Mary Axe.

According to a proposal by the site’s owner, US insurer AmTrust, the revamped tower will have 70 floors and stand at almost 300m, making it almost as tall as The Shard (309m).

Its height means it will also tower over nearby buildings, including the iconic Gherkin (180m) and the famous Cheesegrater (225m).

Reports claim the new building will create 100,000m2 of office space, but, like the other skyscrapers suddenly appearing in London, it will also provide some public amenities.

WilkinsonEyre, a leading architectural practice, is designing proposals to transform Exchequer Court to deliver a new high quality commercial building and public realm for workers and visitors in the City of London.
The revamped building will feature a double-height urban garden, open to the public (Picture: WilkinsonEyre)
WilkinsonEyre, a leading architectural practice, is designing proposals to transform Exchequer Court to deliver a new high quality commercial building and public realm for workers and visitors in the City of London.
The 70-storey-high tower will stand in place of the current Exchequer Court building, above in red (Picture: WilkinsonEyre)
WilkinsonEyre, a leading architectural practice, is designing proposals to transform Exchequer Court to deliver a new high quality commercial building and public realm for workers and visitors in the City of London.
The City of London is about to look a lot more green (Picture: WilkinsonEyre)

The first seven floors of the tower will be accessible to the public and house cultural, exhibition, and events spaces.

A publicly accessible double-height landscaped garden will be constructed on the seventh floor, offering views of the Gherkin Tower, and reports suggest that the building will have a rooftop garden, too.

According to Construction Enquirer, the tower’s design is being developed to ‘respect’ views of the Grade 1-listed St Helen’s Bishopsgate Church in the St Helen’s Place Conservation Area, and will feature a ‘pulled back’ design to create a public courtyard near the area.

When will the new Exchequer Court skyscraper be finished?

WilkinsonEyre, a leading architectural practice, is designing proposals to transform Exchequer Court to deliver a new high quality commercial building and public realm for workers and visitors in the City of London.
The first seven floors will be open to the public (Picture: WilkinsonEyre)

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The plans are in consultation, but AmTrust, which paid £105,000,000 for the site in 2017, is expected to submit a planning application in early 2027 and hopes to finish the redevelopment by 2033.

What else is happening in London?

The revamped Exchequer Court tower isn’t the only new skyscraper coming to the City of London.

A £1,000,000,000 tower named One London will replace St Helen’s Tower, which is located close to the Exchequer Court, between the Cheesegrater and the Gherkin.

The building will be 74 storeys tall. It will feature Europe’s highest publicly accessible viewing gallery and will offer panoramic views of the city.

A concept image of the publicly accessible rooftop pool on the Podium Building of the BT Tower.
The revamped BT Tower will function as a hotel and will have a rooftop pool. (Picture: Orms / BT Tower)

Outside of the City of London, the iconic BT Tower is being transformed into a posh hotel with a rooftop swimming pool, a 360-degree revolving observation deck, and lots of new retail space.

In the south of the capital,  several new skyscrapers are being built in Vauxhall that will include homes, student accommodation, another hotel, and retail and leisure amenities.

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