Approval has now been secured for the 50-storey office tower which will sit at the corner of Leadenhall Street and Bishopsgate. The development will encompass a distinctive ‘stacked blocks’ design, with retail units on the ground floor and a viewing gallery at its summit. The scheme will now provide over 52,900m² of space to let.
Developers for the scheme are Mitsubishi Estate London and Stanhope.
Mitsubishi Estate London Managing Director and CEO Yuichiro Shioda said: “We welcome this decision from the City of London, which recognises the benefits to all stakeholders of the revised proposals. As part of the eastern cluster, this new tower will provide the modern business space required to keep the City of London at the forefront of international commerce.”
Stanhope Chief Executive David Camp said: “We are delighted to be continuing our partnership with Mitsubishi Estates on this striking landmark building for London that will further enhance its global appeal and its ability to attract high quality international businesses to locate in the City.”