A prominent Grade II-Listed Edwardian office building in the Square Mile is set to undergo ambitious refurbishment and extension, having been awarded planning permission by the City of London Corporation.
The joint venture between Angelo Gordon and Endurance Land at 1-5 London Wall Buildings includes a 4000sqm extension and the reinstatement of the lost French-style pavilion roof that was bombed in WWII.
The plans promise to enhance pedestrian flow with a new public ‘arcade’ through the building, linking Finsbury Circus to London Wall, complete with retail space, three restaurants and co-working facilities.
The development features many wellness elements including underfloor air distribution for user comfort, as well as green terraces and living walls to improve air quality.
It also re-uses the existing structure and historic features in a sustainable manner using Circular Economy and carbon reduction principles.
The inclusion of an additional 400 cycle parking spaces will further promote active travel for City workers, residents and visitors.
Alastair Moss, Chair of the Planning and Transportation Committee at the City of London Corporation, said: “This development hits the mark on a number of the City Corporation’s key objectives – including tackling air pollution, provisions for active transport and the improvement of the public realm.
“We are delighted this significant City building is being brought back to life whilst honouring the original vision for this impressive site with the reintroduction of the pavilion roof feature that was lost in WWII.
“The transformation of this historic property, coupled with the eventual completion of Crossrail and restoration of Finsbury Circus, shows the enduring confidence in the Square Mile’s position as a thriving centre for business and growth.”
London Wall Buildings are located adjacent to the Square Mile’s largest open space and London’s first public park, Finsbury Circus Gardens.
The City Corporation manages the historic park which reopened last month following a 10 year closure for Crossrail works.
The winner of an architecture design competition to transform Finsbury Circus Gardens’ landscaping and pavilion is due to be announced in the coming months.