The City of London Corporation has granted planning permission for the 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 go up, 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 floor space for retail and hospitality uses.
The building is expected to reach a BREEAM rating of ‘Outstanding’, and included a new landscaped pedestrian route between Basinghall Street and London Wall.
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.
Some 831 long stay and 88 short stay cycle parks are being installed.
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.”
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.