City grants approval for modern sustainable office scheme

The City of London Corporation has granted planning permission for a joint venture between Hobart Partners and PineBridge Benson Elliot, to develop The Mark, a new build sustainable, modern office scheme.

Comprising 19,900m² of new office space, alongside 1,300m² of cultural, food & beverage and retail space, The Mark is being developed on 47 & 50 Mark Lane.

It is said to represent a distinct part of the City of London, with views over some of the best-known landmarks and most-valued heritage assets, from terraces and balconies located at every level.

The Mark will incorporate a digitally immersive exhibition hall that will provide educational, heritage and cultural space for use by the community, schools, public, building occupants and local businesses.

Designed by Danish Architect 3XN, the new building will provide a modern, occupant-focused environment, achieving the highest recognised environmental standards. This is in keeping with the City Corporation’s drive to increase the inward flow of green investment from developers, so as to achieve a Net Zero Square Mile by 2040.

The development is due to start in early 2024 and will be completed in late 2026.