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Medieval City Church Tower Held 45 Feet Aloft as 50 Fenchurch Street Reaches ‘Bottoming Out’

Developers plan to set the tower back at street level within a new square, targeting 2028 completion.

Overview

  • Engineers suspended the 14th‑century All Hallows Staining tower on 45‑foot stilts above a 60,000 sq ft excavation after removing more than 125,000 tonnes of earth.
  • The 36‑storey, roughly £1 billion project led by Axa IM Alts will deliver about 650,000 sq ft of offices with ground‑floor retail and a public roof experience.
  • Crews installed stilts and then built a raft foundation in sections beneath the tower, which is being monitored continuously during basement construction.
  • The plan includes reinstating Lambe’s Chapel Crypt and creating a new green public space with public access to both listed structures.
  • Historic Royal Palaces and Kuwait’s sovereign wealth fund contested the scheme over protected views and light earlier this year, but works have advanced to the current milestone.