Landsec gets green light for £500m City office scheme
4/12/23
Developer Landsec has got the planning green light to redevelop 55 Old
Broad Street in London's Square Mile with an office-led mixed-use
scheme.
The 290,000 sq ft scheme designed by Fletcher Priest Architects will
involve demolition of the existing 55 Old Broad Street building, the
link bridge over Wormwood Street and partial demolition of the southern
and northern ends of 65 Old Broad Street.
In its place, the developer aims to build a 23-storey office
building, plus a small 5-storey building on the L-shaped footprint of
the site. The scheme will also renovate the listed Bath House.
Existing building at 55 Old Broad Street site will be demolished
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.
The partially retained building, 65 Old Broad Street building will
provide nearly 4,000 sq ft of 'maker space' workshops and studios
designed to meet identified local need in this part of London.
The project team includes Atelier Ten as M&E consultant, with
Heyne Tillett Steel as structure and civil engineering consultant and
Turner & Townsend providing project management.
Contractor BAM helped Landsec with the demolition and construction plan for the planning application.
Demolition work is expected to start on site in the first quarter of 2025 starting the 3.5-year build programme.
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."
Source; Construction Enquirer
