Bloomberg Place, Walbrook Square

From Workstream Pulse, Autumn 2014

Bloomberg London, the new European headquarters of financial media giant Bloomberg LP, is now taking shape in Walbrook Square in the City of London. The Bloomberg complex will comprise two of four blocks currently under construction at Walbrook and will eventually include shops and cafés at ground level and a new entrance to Bank tube station. Bloomberg London will also host a permanent public display of the remains of the Roman Temple of Mithras.

The 10-storey, £300 million Bloomberg Place development has been designed by Foster + Partners and is set to open in 2016. It regenerates an important and historically significant 3.5 acre site in the heart of the City – the old Bucklersbury House site built in the early 1950s. Bucklersbury House represented a major turning point in the City of London's architectural history, being the first building to rise above the centuries old 100-foot height limit and realigning the historic street pattern of the area. It is widely considered by the architectural profession to have been the forerunner of the new commercial that is now so characteristic of buildings in the Square Mile.

For many ordinary Londoners, however, the most interesting aspect of the Bucklersbury House development was the uncovering by construction workers in 1954 of the ancient Temple of Mithras from the Roman city of Londonium. The temple's discovery was a sensation at the time, becoming front-page news and attracting huge crowds. The popular furore over its proposed destruction eventually led to the ruins being moved and haphazardly reconstructed on another part of the site so building works could continue. Happily, Bloomberg London will provide a permanent home for the temple ruins and enable the public to view them on their original site.

Workstream has delivered a number of operatives to work on the site with steel decking specialist Prodeck-Fixing. Construction work is expected to be completed in early 2016 with some 2,500 Bloomberg employees taking possession by the end of that year.