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The Guardian - UK
The Guardian - UK
Business
Jack Simpson

London Tunnels moves IPO plan to Amsterdam in blow to UK markets

The Kingsway tunnels
The Kingsway tunnels were built in 1940 as air-raid shelters and have since been used as a reserve war room and a telephone exchange. Photograph: David Levene/The Guardian

London Tunnels, which aims to convert an abandoned underground network into a tourist attraction, has ditched plans to float in the capital, instead opting to list in Amsterdam.

The company aims to make the Kingsway exchange tunnels, a network of 8,000 sq metres under Holborn in central London, into a new attraction that will bring in 2 million visitors a year.

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