01
July
2021
|
10:28
Europe/Amsterdam

City of London Corporation supports plans to redevelop City Place House

The City of London Corporation has resolved to grant planning permission for the high-quality redevelopment of City Place House, near to London’s Guildhall.

The plans by Great Portland Estates plc will see a new 13-storey office-led development constructed, consisting of more than 44,500 sqm of flexible office space (including some affordable space to support small businesses and start-ups) and in excess of 1,000 sqm of floorspace for vibrant active retail and hospitality uses.

The building of high architectural quality, which is expected to is expected to reach a BREEAM rating of ‘Outstanding’, will see a 64% increase to publicly accessible areas within and around the site, including a new landscaped pedestrian route between Basinghall Street and London Wall.

Several urban greening elements are imbedded within the design including a green roof and planted terraces for use of the building occupiers. There will also be a re-landscaped public terrace and a contribution of £200,000 towards the enhancement and landscaping of the nearby Brewers’ Hall Gardens.

An off-site consolidation centre will be used to reduce the number of service vehicles delivering to the building and improve the safety of City streets. It is estimated this will remove up to 30 vehicle journeys each day.

The development supports active travel, in line with the City Corporation’s Transport Strategy, and includes 831 long stay and 88 short stay cycle parks which exceeds the London Plan cycle parking requirements for a development of this size.

Chair of the Planning and Transportation Committee at the City of London Corporation, Alastair Moss, said:

“The new plans for City Place House are another striking example of the future of the Square Mile and the ongoing confidence in the City by urban developers.

 “Ambitious office developments which consist of high quality, flexible office floorspace and which make exemplary contributions to the public realm are helping to cement the City’s role as the world’s leading business centre as we recover from the coronavirus pandemic.

 “This development also gives back to all City residents, workers and visitors through its strong sustainability credentials including urban greening to support air quality and biodiversity and a commitment to improving access and conditions for pedestrians and cyclists.”

Development Director of Great Portland Estates, Andrew White, said:

“City Place House is next in our near-term development pipeline with a potential start in early 2022.

“It will provide an exemplary building that meets the needs of current and future occupiers whilst delivering the highest standards of sustainability together with expanded public realm and amenity.”

The City Corporation’s Planning and Transportation Committee granted outline planning permission to the scheme at its meeting on 29 June. The decision has now been formalised in line with the Court of Common Council’s COVID Approval Procedure.

ENDS

Notes to Editors:

  • The architect for the scheme is Allies and Morrison.

The City of London Corporation is the governing body of the Square Mile dedicated to a vibrant and thriving City, supporting a diverse and sustainable London within a globally-successful UK. www.cityoflondon.gov.uk

Great Portland Estates plc is a FTSE 250 property investment and development company owning around £2.5 billion of office, retail and residential space in central London.
Our portfolio consists of 44 properties totalling 2.6 million sq ft, with a development programme totalling 1.5 million sq ft, 40% of the existing portfolio.
We aim to deliver superior returns by unlocking the often hidden potential in commercial real estate in central London, creating great spaces for occupiers and long-term value to our stakeholders.
www.gpe.co.uk