Mitsubishi Estate Gets Green Light For City Tower

Mitsubishi Estate London has received planning permission from the City Of London Corporation for a 40-storey office tower set among the City’s ‘Eastern Cluster’ of tall buildings.

Japan’s leading developer Mitsubishi Estate plans an office-led, mixed-use tower with flexible retail use at ground and mezzanine floor levels and a public access viewing gallery at level 40.

Designed by Wilkinson Eyre Architects the 71,510 (GEA) sq m elegant building comprises a series of stacked blocks. The higher up the tower, the narrower these volumes become, reducing in size to produce a slender tower form.

The redevelopment of 6-8 Bishopsgate, EC2 and 150 Leadenhall Street, EC3 a key nexus site, will have strong appeal for both financial and insurance tenants according to City agents.

The proposed building has been conceived to be an exemplar in urban office design and will include some of the highest sustainability and low energy features. The scheme will exceed the threshold for the BREEAM NC 2014 “Excellent” rating.

Managing Director and CEO of Mitsubishi Estate London, Mr Naoki Umeda, said: “I would like to thank the City Corporation planning team for their assistance and efficiency in processing this application. We have really valued the open and collaborative approach from the City.

“This project is a major investment signalling Mitsubishi Estate’s confidence in the City of London as a world financial centre. We are delighted that we will now be able to deliver a striking landmark building for London that will further enhance its global appeal.”

Lisa Webb partner at Gerald Eve who advised on planning said: “This is an important site in the Square Mile and the building will be a world class addition to the City’s skyline. It has been carefully designed to respect the existing and emerging towers in the Easter Cluster.

“The planning application was consulted upon widely and the design of the building was very well received by all those we spoke to. We are pleased that this has now been recognised by Members of the Committee today.”

The development manager on the scheme is Stanhope. Stanhope chief executive David Camp said: “The City is to be congratulated in its approach to securing quality office buildings to meet the cumulative demand for space in the Square Mile. Its rigorous criteria but open approach and efficiency in procedure is exemplary.”

The tower is scheduled for delivery in 2020.

 

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