17
January
2024
|
15:47
Europe/London

City of London Planners kick off 2024 with major retrofit approval

The City of London Corporation has approved a major retrofit scheme at 65 Gresham Street, that will include a large area of public realm improvement and new retail outlets, alongside an uplift of much needed, sustainable office space.

 

Proposals for the mixed-use scheme will see the site retain approximately 70% of the existing building’s structure and benefit both office workers, local residents and visitors alike. These include numerous and extensive landscaped terraces, improvements to access and travel through and around the site, as well as the introduction of new retail spaces along Aldermanbury, to create a more diverse and vibrant space for everyone to enjoy.

 

The scheme’s approval builds upon a strong performance in 2023 by the City Corporation’s planning team, which has overseen year-on-year increases in planning applications received and decided, since 2020.

 

Furthermore, as footfall levels into the Square Mile continue to rise back to pre-pandemic levels, the new retail units and landscaping proposals around 65 Gresham Street will be within walking distance from Liverpool Street station, which recently became the busiest station in the UK.

 

Chairman of the City of London Corporation Planning and Transport Committee, Shravan Joshi, said:

“The 65 Gresham Street proposals represent an exemplary retrofit scheme that will provide benefits for everyone. Future office tenants and their employees will enjoy a well-connected, high-quality office space, whilst local residents’ and visitors’ journeys through the Square Mile will be enhanced by the public realm improvements and new retail.

“In an area as dynamic and well-connected as the City there will always be the potential for new builds and there is no one-size-fits-all approach to planning, but we will increasingly support lower carbon alternatives and assist developers in putting carbon considerations front and centre when preparing an application.”