01
November
2022
|
15:47
Europe/Amsterdam

Green light for Cripplegate House refurbishment plan

The City of London Corporation’s Planning and Transportation Committee has today (1 November) resolved to approve the refurbishment and extension of Cripplegate House, which will create 15,471 square metres of high-quality, Grade A flexible office floorspace together with a new community and cultural space.

The refurbished and extended building at 1 Golden Lane – proposed by Castleforge – will add an extra 2,485 square metres of space to the existing site to meet continuing strong demand from occupiers in the Square Mile.

The scheme will form part of Culture Mile, with the community and cultural space at ground level set to be combined with new public artwork and murals around the site. This will be accompanied with other public realm and lighting enhancements around the site.

It will be designed to high sustainability standards, incorporating a significant element of integrated urban greening, climate resilience and energy efficiency. The scheme targets BREEAM 'Outstanding' and adopts Circular Economy principles. A total of 222 long stay and 14 new short-stay cycle parking spaces will be provided to encourage active travel.

Chairman of the City of London Corporation’s Planning and Transportation Committee, Shravan Joshi, said:

“This scheme delivers Grade A flexible and sustainable office floorspace for City businesses and workers, as well as a new community hub at the heart of Culture Mile for everyone to enjoy.

“It underlines the ongoing robust demand for office space in the City as developers and investors look to the future with confidence.

“The redeveloped building will enhance the surrounding area and place sustainability at its core.”

Oliver Vickerage, Development Manager at Castleforge, said: 

“Our ambition for 1 Golden Lane is to create 116,000 square feet of highly sustainable modern office space aligned with the strategic aims of the City of London Corporation. 

“It is fantastic to achieve this milestone after 15 months of development. It enables us to progress into delivering a scheme of which we are extremely proud, driving forwards a net zero retrofit with exciting pioneering opportunities, such as the re-use of steel reclaimed from site.”

ENDS

Notes to editors

About the City of London Corporation

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

About Castleforge:

 We are an investment firm with a clear purpose: to create places, products and platforms that transform the experience of the built environment, increasing prosperity, productivity, opportunity and sustainability.

Whether we’re redefining the workplace to make it more flexible, rethinking hospitality to make it more welcoming, or reimagining housing to make it more accommodating, we ensure that every building, business and community we’re responsible for becomes more valuable for everyone, delivering a return on our relationships as well as our investments.

We are based in London, UK and have invested approximately £1 billion of asset value throughout the UK and Europe. We were founded in 2010. Castleforge Partners Limited is authorised and regulated by the Financial Conduct Authority.

To find out more, visit https://castleforge.com/ or contact castleforge@higginsonstrategy.com

Tim Fletcher | Media officer – public services
City of London Corporation
07738 862229 | tim.fletcher@cityoflondon.gov.uk