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Baltic Exchange

Dismantled 2001



Here we see another Listed buiding, blown up by some nasty terrorists, but surviving to some degree, only to be blasted again by its only protectors, that baltic exchange being the government and various so called conservation regimes. How amazing that a so delicate building and its treasures can stand defiantly against bombs from the sky and from the street and then be betrayed by our dastardly unfeeling leaders. But this is indeed was the fate befalling the beloved Baltic Exchange.

This great and awesome construction, such a great sight to behold, was one sad casualty of many when that bomb devastated the city. But unlike most of the other targets, the Baltic did not delight in some careful and loving restoration work to rescue it from oblivion. Unlike the skyscrapers, or the local church, this vandalism resulted only in the Baltic's death warrant. It seemed the perfect opportunity for London's speculative spivs to move in and capitalise on the dirty deeds. How wonderful for them that terrorists had done the demolition job. Now all they had to do was to make sure the poor old Baltic was never rescued. But surely, with most of the Exchange intact, they would not succeed?


baltic exchange


This superb building was a typical representation of what, in 1903, was the standard majestyk facade and interior that greeted clients to the baltic exchange global institutions and ministries that covered London, with all their marble, ironwork and crafted carpentry.

The finished Baltic trading palace was the ultimate showpiece for a company that by that turn of the century was already a dignified 150 years old. And with its compliment of chandeliers and artwork it was the perfect centerpiece for this shipping and commodities exchange outfit. What a grand structure for St Mary Axe it was. Surely something forever to be proud of. Built to last a thousand years, and very much the complimentary architecture for the City of London.


baltic exchange, st mary axe, London, ec2


It wasnt till the 1980's that the Baltic Exhange got its all so useless 'listed' tag, which showed its true worth when, in 1992, the building was bombed into instability. It was a great task to recover as much of the building and its interiors for a celebrated defiant baltic exchange rebuild, and engineers saw the Baltic as fit for construction to former glory.

Hundereds of items awaited in storage for the day that never came, for how sickening it was when this project was 'sold-out' to the developers cash. Suddenly, this very salvageable beauty was not to be saved, but to be savaged. With a promising return on the selling off of individual pieces, the financial fools signed the Exchange's death warrant. This was terrorism in it's worst form.


baltic exchange


The devastated and cleared plot was, by 2003, delighted with a frightening 'gherkin' shaped disfigurement. A very trumpeted effort which, as novel as it is, has needlessly trampled over a great part of London's heritage. Whilst the media falls over itself to praise this new cigar shaped blimp, please spare a thought for that once vast Baltic temple of olde, now scraped off the face of the earth. It should have been saved. We are now, without doubt, much poorer with the loss of the exquisite Exchange.

baltic exchange

It's 2004, and the Baltic Exchange sits, in pieces, in a London warehouse. Ready to be sold off to where? Could we still return this precious monument to our city? Or will the collective parts be sold off as seperate plunder?

Update 2007: Well, to my surprise I find the remains of the Baltic Exchange were finally bought up for reconstruction... In Estonia! Some Estonians have siezed the opportunity to buy the cut price ruins and transport them off across the world. And so, fifteen years after being blown up by terrorists, and then being betrayed, and then being left to rot in storage, the Baltic might actually be saved. No doubt, however, the Baltic should have been rebuilt on its original site, and it's the Gherkin that should actually be dismantled and sent to Estonia, along with all the back slapping developers that ensured that the Baltic Exchange scandal took place. Still, rather than see the Baltic go the same way as the Euston Arch, and used as landfill, I think this is a reasonable outcome. I still proclaim that the killers of the original Baltic Exchange site remain unforgiven for all time.

Charles (of London Town)

E-Mail Charles at: londondestruction@yahoo.com

The London Destruction Website.
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