NEW LONDON SKYSCRAPER TO RISE DESPITE BREXIT VOTE

PLANS are back in motion to build a new giant skyscraper in the City of London after Brexit put a pause on planning.

Axa Investment Managers Real Assets is understood to be ready to push forward with the development at 22 Bishopsgate.

The tower is set to stand 919ft tall – nearly 100ft shy of the Shard – with 62 storeys and an estimated construction cost of £450m.

Axa said in April that it would work with its joint venture partner Lipton Rogers to complete the project in 2019. But fears over Brexit had led to concerns about whether the duo would pull out of the project.

Axa had said it would ‘revisit the options’ in the event of a Brexit vote. The firm has now confirmed it will push on with the project as London is ‘one of the leading global centres for international business.’

The skyscraper, dubbed a Vertical Village, will incorporate office space, a restaurant, bar and public viewing gallery.