No significant damage was reported.
Developer for the project is British Land in joint venture with British Land and Blackstone, with Mace as project manager. It is expected to create more than 5,000 construction jobs over the next three years.
The chancellor joined British Land chief executive Chris Grigg, Blackstone senior managing director Chad Pike and senior representatives of Swiss bank UBS, the building’s tenant, at a groundbreaking event to mark the start of construction.
On completion in 2014, the occupied 12 storey building, designed by architectural practice Make, will provide 700,000 square feet of Grade ‘A' office space.
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