[1] The complex is located on New Change, a road linking Cannon Street with Cheapside, in one of the areas of the City historically associated with retailing and markets.

The development's sensitive location – opposite St Paul's Cathedral – and its modern architecture led to some controversy during its planning and construction, including criticism from King Charles III, the then Prince of Wales.

Its name derives from the road running between it and St Paul's, itself a post-War creation, replacing a much older street called Old Change.

[8] The development also features high-profile interiors by Tom Dixon for the on-site restaurant Barbecoa,[9] which was replaced by Ivy Asia in November 2019.

[16] The Guardian's art critic Jonathan Jones described the sculpture as "modest and humorous", with Turk explaining that he saw it as "a nostalgic thing because I don't think there's a nail in that entire building.