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 than the old Exchange on the site. The site was special because it needed development, it was not on any of the "sight lines" (planning guidance requires that new buildings do not obstruct or detract from the view of St Paul's dome when viewed from a number of locations around London), and it had housed the Baltic Exchange. The plan for the site was to reconstruct the Baltic Exchange. GMW Architects proposed a new rectangular building surrounding a restored exchange: it would have the type of large floor plan that banks liked. Eventually, the planners realised that the exchange was