Property group Minerva has dropped plans to construct what would have been the tallest office block in Londons financial district, because the scheme was deemed too big for a company of its size.

Planning permission was granted in April 2004 to build a 50 storey office block, consisting of around 1m sq ft of space.

Tim Garnham of Minerva said: "For a company the size of Minerva to deliver a building of this size is if you excuse the pun, a very tall order."
Minerva now plans to develop a 14-storey building of around 530,000 sq ft of office and retail space.