AXA’s Anne Kavanagh has said the insurance company is “considering all options” for 22 Bishopsgate, EC2, and has not yet awarded a construction contract.
AXA Investment Management – Real Assets and Lipton Rogers’ plans for the 62-storey skyscraper were approved in December but the chief executive of AXA’s real estate division said before the EU referendum that the development would be delayed until after the vote.
Asked whether AXA had now awarded the construction contract, Kavanagh said: “We’re in the process of working on the contract.
“It wasn’t planned that we would have placed the contract by now, so we are still working up [the final contract] with the construction team.”
She said it was too early to tell what would happen with the project, but said AXA was “committed to the site”.
She added: “Following Friday, as with every investment, we will consider all our options.”
Questioned on the wider London office market, she said it was “way too early to tell” how many projects will go ahead, which ones will be funded and which ones will stall.
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