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Sky-high risk: The impact of tall tower construction in the UK

Read our new white paper on the impact of tall tower construction in the UK, focussing on the trends that are shaping their development and the risks involved in their construction.

07/10/2021 · 2 minutes read

Skylines have undergone a rapid evolution in the UK in recent years, particularly in London. During this period, trends affecting tall tower construction have changed as dramatically as the landscape itself.

Marsh has set out to identify the key risks surrounding the construction of tall towers in urban areas and how costly losses and delays might be avoided. To provide this analysis, London’s current tall buildings pipeline and recently completed buildings, have been compared with the tall buildings pipeline and completions since 2016.

Key areas that this paper covers include:

  • How factors such as Brexit, the COVID-19 pandemic, ESG and cyber risks are impacting developers’ and owners’ plans.
  • How the tightening UK construction insurance market has made placements more challenging, particularly for complex projects and those involving extensive fit-out works to existing buildings.
  • An analysis of the London tall buildings pipeline including those recently completed.
  • A review of specific risks to tall towers, including escaping water and fire risks, terrorism, rail, proximity to third parties, obstruction of light, environmental liability and delay.   

Sky-high risk: The impact of tall tower construction in the UK

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