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Paddington Grand Union Building Not Cancelled

Contary to the ever accurate reporting of the anti-skyscraper Evening Standard, Chelsfield have not cancelled the 132m tall Grand Union Building in Paddington which has recently started construction.

As with many developers they have decided to work on the foundations of the scheme and then pause the project whilst waiting for a client to reduce and possible speculative losses. This also does not mean Paddington Station Tower which will stand at 110m has been cancelled either as they are separate projects with different developers.

The property market in London is suffering something of a downturn thanks to depressed demand from major financial companies who have been rattled by losses on the stockmarket so developers are taking a wait and see approach so there you have it, the Evening Standard is incorrect that towers will ever see the light of day by taking a negative angle to some sensible business practises.

Article Related buildings:

Grand Union Building (scheme A)

Grand Union Building (scheme A)
Paddington Station Tower

Paddington Station Tower
Grand Union Building (scheme B)

Grand Union Building (scheme B)