The credit crunch has now been on-going a while and is continuing to claim victims, this time in the form of Heron steel contractor, the Allerton Group.
Also sucked into administration by the collapse of the group are Allerton Engineering, Allerton Industries and Allerton Bridges thanks to continuing cash flow problems across the range of companies.
Allerton secured a contract build 3,000 tonnes of steelwork for the tower that consists of the basement levels all the way up to the second storey - the reason for this specific and quite limited contract is that the steelwork has to be heavier at the bottom of the tower to support the extra weight.
All of this has now been erected meaning that whatever happens to Allerton the project should continue unaffected as the main bulk of the steelwork on the project is being done by Severfield-Rowen who currently have an order book amounting to £311 million.
It's not all bad though. They are continuing to trade and the administrators of Ernst & Young expect to sell Allerton Bridges and Allerton Engineering as they are both profitable companies.
Work on the Heron Tower meanwhile is continuing with the above ground steel frame having passed the 12th floor and is now having the 13th and 14th floors erected which should make it 61.928 metres tall.
Meanwhile, out of sight the top down construction technique has seen basement slab two built and contractors are now excavating for the buildings third basement. This means literally what it says with the contractors not starting from the lowest basement floor up but rather starting from ground level and going both up and down at once.
Once built the KPF designed skyscraper will be the tallest building in the City of London at 202 metres high, at least until the Pinnacle overtakes it.
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