Company faces multi-million pound bill to fix skyscraper and pay for delays to Shell headquarters development
Nick Fletcher: theguardian.com
Songbird Estates faces a multi-million pound bill for two recent setbacks, including the recent car-melting skyscraper.
The property group reported a 6% rise in half year net assets per share, but told Reuters its Canary Wharf subsidiary would pay a sum in the “low single digits” to fix the Walkie Talkie building in the City of London. Rechristened the Walkie Scorchie, the building’s concave structure reflected sunlight to such an extent the heat melted parts of a car, a bicycle and was also used to fry an egg.
Songbird also faces a £1m to £2m bill for a delay to its proposed development of Royal Dutch Shell’s headquarters in London, after the government said it would review planning approval given by local authorities.
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