Letter: Don't damn Lloyd's tower before you've seen inside

Share
Related Topics
IN HIS article 'Lloyd's counts the cost of keeping 'The Espresso Machine' sweet' (6 June) Jay Thompson isolates the cost of maintenance and repair of the Lloyd's Insurance Market from all other criteria to attack the technological sophistication of the building. The article states that maintenance costs Lloyd's 50 per cent more than it would in 'less sophisticated premises', but fails to source that statistic or justify the relevance of the comparison.

The subject of value is broader and more complex than Mr Thompson suggests. Any meaningful conclusions would require a detailed audit of all running costs and take into consideration the life span of the building, its energy efficiency, flexibility and, most critically, its ability to satisfy a highly individual client brief. Its performance would then need to be judged against a comparable building.

Lloyd's is not a standard office building but a dual-function building capable of housing a 10-storey multi-level insurance market with a population eight times that of most office buildings.

It was designed with its cores on the exterior to create the large, unobstructed floors on the interior which allow the Market to expand or contract within the building and maintenance to be carried out without disruption.

The Lloyd's of London Insurance Market has been in four buildings this century of which the 1928 and 1958 buildings were purpose-built but not designed to accommodate an expansion of the Market. The cost penalty paid by Lloyd's for this lack of flexibility was one demolition, three reconstructions and three relocations of the Market.

In 1980 it was accepted by the Committee of Lloyd's that the future size of the Market could not be predicted and that flexibility should be the driving concept behind the design of the new building. Since 1980 the Market first doubled in size but is now unexpectedly contracting. Today's excess Market space is being rapidly converted into lettable office space at little cost and without the disruption associated with major refurbishment.

Philip Gumuchdjian

Richard Rogers Partnership

London W6

React Now

Latest stories from i100
Have you tried new the Independent Digital Edition apps?
iJobs Job Widget
iJobs General

Recruitment Genius: Sales Executive - OTE £30,000+

£16000 - £30000 per annum: Recruitment Genius: They are looking for individual...

Recruitment Genius: IT Project Coordinator / Manager

£25000 - £40000 per annum: Recruitment Genius: A Project Coordinator is requir...

Recruitment Genius: Mortgage Advisor - OTE £95,000

£40000 - £95000 per annum: Recruitment Genius: This is an exciting opportunity...

Recruitment Genius: Trainee Vehicle Inspectors / Purchasers

£20000 - £40000 per annum: Recruitment Genius: Trainee Vehicle Inspectors / Pu...

Day In a Page

Read Next
The possibility of Corbyn winning has excited some Conservatives  

Labour leadership: The choice at the heart of the leadership campaign

Jeremy Corbyn
Pablo Iglesias, the leader of Spain’s anti-austerity party Podemos  

Greece debt crisis: Trouble is, if you help the Greeks, everyone will want the same favours

Charlotte McDonald-Gibson Charlotte McDonald-Gibson
Greece debt crisis: EU 'family' needs to forgive rather than punish an impoverished state

EU 'family' needs to forgive rather than punish an impoverished state

An outbreak of malaria in Greece four years ago helps us understand the crisis, says Robert Fisk
Gaza, a year on from Operation Protective Edge: The traumatised kibbutz on Israel's front line, still recovering from last summer's war with Hamas

Gaza, a year on from Operation Protective Edge

The traumatised kibbutz on Israel's front line, still recovering from last summer's war with Hamas
How to survive electrical storms: What are the chances of being hit by lightning?

Heavy weather

What are the chances of being hit by lightning?
World Bodypainting Festival 2015: Bizarre and brilliant photos celebrate 'the body as art'

World Bodypainting Festival 2015

Bizarre and brilliant photos celebrate 'the body as art'
alt-j: A private jet, a Mercury Prize and Latitude headliners

Don't call us nerds

Craig Mclean meets alt-j - the math-folk act who are flying high
How to find gold: The Californian badlands, digging out crevasses and sifting sludge

How to find gold

Steve Boggan finds himself in the Californian badlands, digging out crevasses and sifting sludge
Singing accents: From Herman's Hermits and David Bowie to Alesha Dixon

Not born in the USA

Lay off Alesha Dixon: songs sound better in US accents, even our national anthem
10 best balsamic vinegars

10 best balsamic vinegars

Drizzle it over salad, enjoy it with ciabatta, marinate vegetables, or use it to add depth to a sauce - this versatile staple is a cook's best friend
Wimbledon 2015: Brief glimpses of the old Venus but Williams sisters' epic wars belong to history

Brief glimpses of the old Venus but Williams sisters' epic wars belong to history

Serena dispatched her elder sister 6-4, 6-3 in eight minutes more than an hour
Greece says 'No': A night of huge celebrations in Athens as voters decisively back Tsipras and his anti-austerity stance in historic referendum

Greece referendum

Greeks say 'No' to austerity and plunge Europe into crisis
Ten years after the 7/7 terror attacks, is Britain an altered state?

7/7 bombings anniversary

Ten years after the terror attacks, is Britain an altered state?
Beautiful evening dresses are some of the loveliest Donatella has created

Versace haute couture review

Beautiful evening dresses are some of the loveliest Donatella has ever created
No hope and no jobs, so Gaza's young risk their lives, climb the fence and run for it

No hope and no jobs in Gaza

So the young risk their lives and run for it
Fashion apps: Retailers roll together shopping and social networking for mobile customers

Fashion apps

Retailers roll together shopping and social networking for mobile customers
The Greek referendum exposes a gaping hole at the heart of the European Union – its distinct lack of any genuine popular legitimacy

Gaping hole at the heart of the European Union

Treatment of Greece has shown up a lack of genuine legitimacy