London is welcoming a new skyscraper at 1 Undershaft, also known as ‘The Trellis’, which is set to become the City’s tallest skyscraper. Owned by Aroland Holdings, it will stand at almost 304.6 metres tall and comprise of 73 floors. Linklaters were successful in obtaining planning permission for Aroland Holdings, while DLA Piper were also required to advise on the real estate issues of the deal.
1 Undershaft will not be quite tall enough to surpass the height of the Shard, in London Bridge, which will stand just four metres higher and retain bragging rights. The initial plans for 1 Undershaft were amended when its designers were forced to decrease its size by five metres to alleviate concerns raised by the aviation authorities, with London City airport routes being potentially affected.