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The building is on the former site of the Baltic Exchange building, the headquarters of a global marketplace for ship sales and shipping information. On 10 April 1992 the Provisional IRA detonated a bomb close to the Exchange, severely damaging the historic Exchange building and neighbouring structures.[2][3]
Side entrance to Fenchurch Street for access to Tower Hill
St Mary Axe was a medieval parish in London whose name survives on the street it formerly occupied, St Mary Axe. The church itself was demolished in 1561 and its parish united with that of St Andrew Undershaft, which is on the corner of St Mary Axe and Leadenhall Street. The name derives from the combination of the church dedicated to the Virgin Mary and a neighbouring tavern, which prominently displayed a sign with an axe image.
Serota said Miro would have to find half the cost,[14] and she obtained £300,000 in donations towards the purchase from five anonymous private benefactors, several of whom were also buying their own Ofili work.[15] The revelation of this arrangement caused questions to be raised in the press as to whether the private benefactors knew privileged information,[16] and if they anticipated a profit through the increased value of Ofili's work after the Tate purchase.[15]
Information by Wikipedia.com
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