The commercial skyscraper "The Leadenhall Building" 225 m (737 ft) tall, opened in July 2014, is designed by Rogers Stirk Harbour + Partners and informally known as "The Cheesegrater" because of its distinctive wedge shape.
It is one of a number of new tall buildings recently completed or under construction in the City of London financial district, including 20 Fenchurch Street, The Pinnacle, and an unnamed project at 52–54 Lime Street.
The Leadenhall Building is adjacent to the Lloyd's building, also designed by Rogers, which is the current home of the insurance market Lloyd's of London. Until 2007 the Leadenhall site was occupied by the P&O Tower (Peninsular and Oriental Tower), a building owned by the developer British Land and designed by Gollins Melvin Ward Partnership that was completed in the 1968 as a brother to the still existing Commercial Union tower. That building was demolished in preparation for redevelopment of the site. The project, initially delayed due to the financial crisis, was revived in October 2010 and Oxford Properties co-developed the property in partnership with British Land.