Baltic Exchange (building) stopped insisting on a full restoration. What remained of Exchange Hall was completely razed in 1998 with the permission of the planning minister John Prescott over the objections of architectural preservationists, including Save Britain's Heritage, who sought a judicial review of his decision. The site, together with that of the Chamber of Shipping at 30–32 St Mary Axe, was used to built 30 St Mary Axe, commonly referred to as "The Gherkin". The stained glass of the Baltic Exchange war memorial, which had only suffered superficial damage in the bomb blast, has been restored and is in the National Maritime
St. Helen's (skyscraper) Axe, in the City of London, which it desired to develop as its new headquarters. The site comprised adjacent properties in St Mary Axe and the former Shell building in Great St Helens. At the same time the Peninsular and Oriental Steam Navigation Company was planning to redevelop its city offices in Leadenhall Street. Due to a number of issues affecting both sites, notably poor access to the Commercial Union site and the restricted width of the Peninsular and Oriental site, it was not possible to obtain planning consents that would optimise the amount of floor space desired by either