Church of St Mary Axe the location of the Baltic Exchange until it was destroyed by an IRA bomb in 1992; the Exchange is now located at No. 38 just to the north of its former address. On the site of the old Baltic Exchange now stands 30 St Mary Axe, a skyscraper known colloquially as the Gherkin because of its distinctive shape. The street of St Mary Axe was also the location of the sorcerer's shop in Gilbert and Sullivan's operetta "The Sorcerer", which documents the former pronunciation "Simmery Axe". The church that remains in the modern-day St Mary Axe is St Andrew Undershaft.
30 St Mary Axe the remaining structures on the Baltic Exchange site were then carefully dismantled, and the interior of Exchange Hall and the façade were preserved, hoping for a reconstruction of the building in the future. The salvaged material was eventually sold for £800,000 and moved to Tallinn, Estonia, where it awaits reconstruction as the centrepiece of the city's commercial sector. In 1996, Trafalgar House submitted plans for the Millennium Tower, a building with more than of office space, apartments, shops, restaurants and gardens. This plan was dropped after objections that it was totally out-of-scale in the City of London, and anticipated disruption