Funder Schroders and development manager Stanhope behind 63-storey block

Long-awaited proposals for a new tower at 55 Bishopsgate in the City of London have gone in for planning with the team behind the 63-storey block hoping it can be built by the end of the decade.

The project is being masterminded by funder Schroders, which bought the site at the start of 2016, and development manager Stanhope, which yesterday Ðǿմ«Ã½ revealed had been appointed to the same role on the planned 1 Undershaft tower, a stone’s throw away from 55 Bishopsgate.