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Green light for 55 Old Broad Street office scheme

Landsec’s plans to transform 55 Old Broad Street into a modern, sustainable workspace have been approved by the City of London Corporation.

The developer said the redevelopment of 55 Old Broad Street is a response to market demand for new, sustainable workplaces that are well connected to transport links and in vibrant locations with great local amenities.

The project will create a new, mixed-use building which combines 25,000m2 of high-quality office space with 1,400m2 of retail, food & beverage and cultural space, including new Meanwhile artist studios.

The building will be net zero in both construction and operation. The plans have retained as much of the existing structure as possible, with many of the recovered materials re-used. The all-electric building will be powered by air source heat pumps and run solely on renewable electricity to help businesses to meet their ESG targets.

Oliver Knight, Head of Workplace at Landsec, said: “Demand for modern, sustainable workspace, designed with wellbeing in mind, is growing and there will be a significant constraint on supply over the coming years as other developers pause projects.

“Alongside modern offices, retail space and greatly improved public realm around the building, this scheme has the opportunity to become a 7-day a week destination – generating long-term value for the City, creating a place where people want to come together to work, create and spend time.”

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