Sir George Iacobescu is preparing a 300-meter skyscraper in the City of London, with completion estimated for 2033

Sir George Iacobescu, together with US company AmTrust Financial Services, is preparing a 70-storey, 300-metre-high skyscraper in the City of London, near The Gherkin tower. The project could be completed in 2033, provided it receives all necessary approvals.

The new tower would be built on the Exchequer Court site, following the demolition of the existing building, and would include approximately 93,000 square metres of premium office space. The plans also provide for publicly accessible areas, including an inner courtyard and hanging gardens.

The project comes amid a limited supply of top-tier office space in London's financial centre. Knight Frank estimates that premium space available for rent in the City of London could run out by 2028, amid project delays caused by Brexit and the COVID-19 pandemic.

The plans will enter public consultation this month, while the planning application is expected at the beginning of next year. Iacobescu, who was born and educated in Romania, played a decisive role in transforming Canary Wharf into an international financial centre. He led Canary Wharf Group from 1997 and was knighted in 2012.