Monday, June 25, 2012

Qatar?s London Shard delayed - report

London?s Shard Tower, which was 95 percent funded by Qatar and is the tallest building in Western Europe, will see its official opening date pushed back by at least two months, it was reported at the weekend.

The 310m tall Shard Tower, which is being co-financed by Qatar Diar and is located on the South Bank of the Thames, was originally due to be officially inaugurated on July 5 by the Qatari prime minister and the UK?s Prince Andrew.

According to a report by UK-based construction trade website Building.co.uk, this has now been pushed back by at least two months and will now not be open in time for the London 2012 Olympics, which run from July 27 to August 12.

While the physical completion of the building was completed at the end of May, Irvine Sellar, the founder and CEO of developer Sellar - Qatar?s partner in the project - told Building.co.uk the completion of the tower could come ?many weeks after? the games.

The report said Sellar had agreed with the contractor of the tower to extend the deadline, with the extensions resulted from ?changes in the design as it progressed? and increases in the amount of work involved.

The GBP?500m (US$779m) tower is part of the US$3bn London Quarter development by Qatar Diar and Sellar.

The tower will consist of residential apartments, offices, signature restaurants and the five-star Shangri-La hotel

It is estimated that more than 1m visitors a year will visit the tower.

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