The City of London Corporation and the Worshipful Company of Mercer provided the land, both of whom still jointly own the freehold.
Richard Clough, who designed the building, oversaw the import of various materials from Antwerp, such as: glass, wood, slate and stone, which he paid for out of his own pocket.
So impressed was Queen Elizabeth I by Gresham's achievement that, on January 23, 1571, she visited it and declared, "It must be called the Royal Exchange."
In addition to its trading floor and offices, the original building also enjoyed an upper floor of over one hundred popular and lively small shops, modelled after the New Exchange in Antwerp.
After the Great Fire of 1666 the Royal Exchange was twice rebuilt. In 1667, King Charles II laid the foundation stone for a building designed by Edward Jerman. This building, opened in 1669, had a tall wooden tower built over the south entrance. Unfortunately, this fell into disrepair and, 1821, was replaced with a stone tower, designed by George Smith. On January 10, 1838, this building was also destroyed by fire. The blaze was so bright that it could be seen from Windsor, some 24 miles (39 km) away.

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