Paternoster Square is an urban development, owned by the Mitsubishi Estate Co., next to St Paul's Cathedral in the City of London. The area, which takes its name from Paternoster Row, once centre of the London publishing trade, was devastated by aerial bombardment in The Blitz during the Second World War. It is now the location of the London Stock Exchange which relocated there from Threadneedle Street in 2004. It is also the location of investment banks such as Goldman Sachs, Merrill Lynch and Nomura Securities Co., and of fund manager Fidelity Investments. The square itself, i.e. the plaza, is privately owned public space.
The Square is near the top of a modest rise known as Ludgate Hill, the highest part of the City of London. It is characterised by its pedestrianisation and colonnades.
World War II bombing
The City of London was hit by one of the heaviest night raids of The Blitz on the night of 29 December 1940. Buildings on Paternoster Row, housing the publishing companies Simpkins and Marshall, Hutchinsons, Blackwoods, and Longmans and Collins were destroyed. St Paul's Cathedral remained intact.
In 1956, the Corporation of London published Sir William Holford's proposals for redeveloping the precinct north of St Paul's Cathedral. Holford's report attempted to resolve problems of traffic flow in the vicinity of the cathedral, while protecting the cathedral's presence as a national monument on the highest ground of the City, at the top of Ludgate Hill, on the north bank of the Thames. The report was controversial, however, because it introduced a decisively modern note alongside the foremost work of Britain's foremost 17th-century architect, Sir Christopher Wren.
Rebuilding was carried out between 1961–7, but it involved only part of Holford's concept — the area of Paternoster Square between St Paul's churchyard and Newgate Street — and this included undistinguished buildings by other architects and the omission of some of Holford's features. The new Paternoster Square soon became very unpopular, and (in the eyes of many) its grim presence immediately north of one of the capital's prime tourist attractions was seen as an embarrassment. Robert Finch, the Lord Mayor of London, wrote of it in The Guardian in 2004, that it was made up of "ghastly, monolithic constructions without definition or character".
1980s and 1990s
In the late 1980s, many existing tenants moved to other London sites leading to vacant premises. This prompted landlords and the City of London to welcome proposals to redevelop. In 1987, a body awarded a prize for a plan by Arup associates; this was not implemented as complicated, bold and postmodern. In 1990 a front-running scheme arose by John Simpson sponsored by a newspaper competition and championed by HRH The Prince of Wales; this proposed classical features, which would have been sympathetic with the nearby cathedral. The City's architecturally more radical planners for large commercial buildings refused these plans, as pastiche, even though the scheme that was eventually realised also draws heavily from classical architecture, complete with Corinthian columns and classical mouldings.
In 1996 planning permissions were granted for the masterplan by Sir William Whitfield — then planned in detail and built. By October 2003 the redeveloped square was complete, lined with buildings by Whitfield's firm and others. Among the first new tenants was the London Stock Exchange.
Occupy London and public space controversy
The London Stock Exchange was the initial target for the protesters of Occupy London on 15 October 2011. Attempts to occupy Paternoster Square were thwarted by police, Police sealed off the entrance to Paternoster Square. A High Court injunction had been granted against public access to the square, defining it as private property. The square was repeatedly described as 'public space' in the plans for Paternoster Square, meaning the public is granted access but does not designate the square as a right of way under English law, thus the owner can limit access at any time.
Monuments and sculpture
The main monument in the redeveloped square is the 75 ft (23m) tall Paternoster Square Column. It is a Corinthian column of Portland stone topped by a gold leaf covered flaming copper urn, which is illuminated by fibre-optic lighting at night. The column was designed by William Whitfield's firm Whitfield Partners, and also serves as a ventilation shaft for a service road that runs beneath the square.
At the north end of the square is the bronze Paternoster (also known as Shepherd and Sheep) by Dame Elisabeth Frink. The statue was commissioned for the previous Paternoster Square complex in 1975, and was replaced on a new plinth following the redevelopment. Another sculpture in the square is Paternoster Vents by Thomas Heatherwick.
Temple Bar's modern form, a Wren-designed stone archway put up on Fleet Street at the historic western gateway to the City has been in front of the cathedral side entrance since the year 2004. Contractors were paid £3,000,000 to restore it and move it from a site in Theobalds Park by the Corporation of London, who received donations from the Temple Bar Trust and more than one Livery Company.
- "Bomb damage to Paternoster Square during the Blitz". Museum of London. Retrieved 13 June 2014.
- Pevsner, Nikolaus and Games, Stephen (ed), Pevsner: The Complete Broadcasts, "A Setting for St. Paul's", Ashgate 2014
- Robert Finch, Lord Mayor of London (24 May 2004). "Wonders and blunders". Arts.guardian.co.uk. Retrieved 13 September 2011.
- Giles Worsley (5 November 2003). "Peace descends on St Paul's". London: Telegraph. Retrieved 13 September 2011.
- Davies, Caroline (16 October 2011). "Occupy London protest continues into second day". The Guardian. London.
- "Stock exchange occupation blocked". WalesOnline. Wales. 15 October 2011.
- Moore, Rowan (13 November 2011). "The London River Park: place for the people or a private playground?". The Guardian. London.
- Paternoster Square Column Archived 3 August 2004 at the Wayback Machine
- "CWO - Stone Building Restoration and Repair, Paternoster Square Temple Bar, London". Cwo.uk.com. Archived from the original on 24 July 2012. Retrieved 13 September 2011.
- "Temple Bar". Cityoflondon.gov.uk. 10 November 2004. Archived from the original on 25 September 2011. Retrieved 13 September 2011.
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