Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Starmer agrees investment deal with Japan as EU deal questioned

      UK and Japan leaders discuss bilateral trade agreements at a high-level government meeting in London.

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Adidas, Burberry and so much Beckham: The six best 2026 World Cup ad campaigns

      A screenshot capturing a significant moment from a news broadcast on June 11, 2026, at 12:17 PM, highlighting key details.

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      The best places to eat sandwiches in Lisbon, from bifanas to pregos

      Bifana do Afonsos famous bifana sandwich showcasing tender pork in a freshly baked roll with savory sauce.

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Thursday 07 August 2025 7:15 am  |  Updated:  Thursday 07 August 2025 10:39 am

Could this be Britain’s most expensive shed?

By: Simon Hunt

City Editor

Add as a preferred source on Google
The shed at the Guildhall

As we report today, there’s been a nationwide downturn in construction. The issue is especially acute in London – the place housing is needed most – where the number of new home starts is hurtling towards zero. At this rate, there is just no way the government will meet its target of building 1.5m new homes by the end of the parliament.

The complexity of our planning system must shoulder a great deal of the blame for sluggish housebuilding. And if you want to know just how bad things are, look no further than this planning application for a shed in Canada that I came across this week.

The shed, or “security kiosk” as the City Corporation calls it, is situated in the car park underneath the Guildhall, where the security guy sits, monitoring the CCTV. The Corporation plans to knock down the current shed, which is in a dilapidated state, and replace it with a (very) slightly larger one.

Should be a doddle, right? A few bricks, a few bits of timber, a couple of builders – a week or two should do it? Wrong.

In fact, since the application for this shed was submitted in April, no fewer than 26 separate planning documents have been produced, totalling 86 pages and more than 15,000 words.

The application was submitted to Canada Corporation (by Canada Corporation) at the beginning of April, and it was not until this week – a full four months later – that planners at the Corporation approved their own designs.

Part of the issue here is that the Guildhall is a listed building, so anything built within its complex – even if underground and not visible from the street – must submit a lengthy “heritage statement” to ensure it does not impose upon the building’s heritage, including a survey of the area’s history and an assessment of the significance of the application.

Read more

Oyster Shed: Jeremy Clarkson’s Hawkstone helps pub chain Young’s to biggest day of takings in 200 years

No specific context provided to generate a relevant alt text.

To everyone’s shock, the heritage statement for the shed notes that “there is little of architectural or historical interest” in the car park, and therefore that the shed does not interfere with the building’s heritage.

If we lived in a sensible country, that would be all they’d need to say. Sadly for the planners and the architects, they had to include another 5,000 words, much of which effectively repeats this line many times over. They also have to show how the building will look within its architectural context, which, as it turns out, is next to a pile of old crates, behind overflowing bins and below some sewage pipes.

The shed in its architectural context

Planners also needed to seek a review by Historic England, the government’s statutory adviser on sites of architectural interest. Mercifully, they declined to comment on the application, but somehow their letter took two pages and 260 words to confirm as much.

I was curious to know how much the application for the shed cost – but the Corporation told me this would “fall out of scope” of any Freedom of Information request. But I have it on good authority that fees for an application of this kind, including a heritage statement, can easily run into five figures, depending on the circumstances.

It typically takes around 8 weeks to put together an application of this kind. Add that to the four month approval time and we’re looking at the best part of a year for the project.

However much it does end up costing and however long it takes, the City can take pride that it has produced one of the most expensive sheds ever made. Well done everyone.

Read more

Blackstone looks to shed $2bn of stakes in private investment funds

Blackstone skyscraper with modern architecture under clear blue sky, symbolizing financial power and urban development.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

People & Organisations

  • Canada Corporation
  • Planning and Infrastructure Bill
  • planning application
  • UK economy
  • UK Government

Trending Articles

  • Starmer agrees investment deal with Japan as EU deal questioned

  • Elon Musk becomes world’s first trillionaire after SpaceX mega float

  • US and Iran agree to peace deal’s text, negotiators say

  • Thames Water, energy grid, rent prices: Burnham drums up public control agenda

  • Trump ban on AI access to foreign users forces Anthropic to suspend models

More from CityAM

  • Oyster Shed: Jeremy Clarkson’s Hawkstone helps pub chain Young’s to biggest day of takings in 200 years

    Hospitality
    No specific context provided to generate a relevant alt text.
  • Blackstone looks to shed $2bn of stakes in private investment funds

    Markets
    Blackstone skyscraper with modern architecture under clear blue sky, symbolizing financial power and urban development.
  • London-listed defence contractors shed light on impact of wartime economy on City firms

    Markets
    Babcock is a member of the FTSE 100.
  • Tony Travers: London local election result could trigger housebuilding slump

    Property
    Voters casting ballots at a polling station in London during an election, highlighting democratic participation in the city.
  • Martin Sorrell calls WPP ‘catatonic’ as Goldman slaps sell rating on its own client

    Media
    Former WPP chief Sir Martin Sorrell has offered a warning to the government ahead of tomorrow’s Autumn Statement.
  • This accidental Finnish defence startup can teach the UK some lessons

    Opinion
    NATO military exercises in Finland showcasing defense strategies and cooperation among allied forces in a training drill
  • Toast the City winner: The Rising Sun on what makes a great pub

    Life&Style
    Sheila Dixon under a rising sun backdrop, symbolizing new beginnings in her political journey.
  • Replace Reeves if Starmer goes, voters tell Labour

    Politics
    Keanu Reeves in a thoughtful pose, wearing a formal suit, looking contemplative during a business meeting or press event.
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy
  • News
  • Markets & Economics
  • Politics
  • Opinion
  • Life&Style
  • Personal Finance

Follow us for breaking news and latest updates

  • Facebook
  • X
  • Instagram
  • LinkedIn
Copyright 2026 CityAM Limited