The Pinnacle’s developers seeking £500 million of extra funding to complete construction after confirming Brookfield Multiplex as the main contractor for remaining work. The construction of the Pinnacle, formerly known as the Bishopsgate Tower, has stalled since March 2012 because of a lack of funding and letting commitments. On completion, the Pinnacle will become the tallest building in the City of London and the second-tallest in both the United Kingdom and the European Union, after the 309.6 m (1,016 ft) Shard.