Green light for London Wall redevelopment

LaSalle Investment Management and Citygrove Securities have been given the green light from the City of London to redevelop a 1991-constructed office building at 60 London Wall.

The existing office will be stripped back to its steel frame and rebuilt with an extra four floors raising the total office space to 29,700m².

Designs by architect EPR will see the upper five floors of the 12-storey building stepped and set back from the front elevation lessening their impact at street level and creating outdoor space for terraces. The scheme is expected to achieve a BREEAM ‘Excellent’ rating.

Enabling works will now start with structural demolition set to begin in April. Work will start on the superstructure just before the end of next year with the building ready for tenants at the end of 2019.

‎LaSalle Investment Management bought the building for just under £200M last summer on behalf of California State Teachers’ Retirement System.

‎LaSalle Investment Management Head of London Business Space Gary Player said: “We acquired 60 London Wall because of its prime location in an area that is becoming more accessible, with Crossrail/Elizabeth line, as well as the opportunity to create significant additional lettable area and a first-class product that we will be delivering in 2019.”