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Cheesegrater Bolt Costs Could Hit 6 Million GBP

Work on replacing the bolts on the Leadenhall Building, popularly known as the Cheesegrater, is set to escalate in cost with the steel contractor Severfield looking at a bill of as much as 6 million.

The problems began last November when two bolts on the tower structure failed with one even falling to the ground. A survey was then carried out that found three more bolts were at risk of failing resulting in the steelwork contractor having to carry out emergency work to replace them by the end of the year, not to mention insuring that in the meantime nothing else falls off the building.

Although seemingly disastrous, teething problems are not unusual for skyscrapers, particularly when they use the latest high technology and one bears in mind they have more parts than a Space Shuttle.

The bolts were a specialist product made by Andrews Fasteners Ltd, which went into administration in February 2015, and was immediately bought by a successor company AFC Products Ltd headed by the same director that then changed it's name to Andrews Fasterners Ltd.

For Severfield, the project has proven to be less than profitable with the company having written off a total of 10 million in costs related to the construction of the Cheesegrater, something it blames on the massive complexity of the work involved.

Nonetheless for British Land and Oxford Properties, the joint developers of the tower, the skyscraper has proven more successful and is now over 84% let with the latest tenants including Banco Sabadell, Kames Capital and Brit Insurance. Architects of the building, Rogers Stirk Harbour + Partners are amongst the other tenants of the tower.

Article Related buildings:

The Leadenhall Building

The Leadenhall Building
The Leadenhall Building, London
The Leadenhall Building, London