Hammerson Applies for Twin Office Buildings in the City of London
Property developer Hammerson has applied for planning permission to build twin office towers in the Square Mile, which would bring a total of 500,000 sq ft of new office space to the City of London.
The London Wall Place development, formerly known as the St Alphage site, has been redesigned by architects MAKE and is expected to cost a total of ┬ú350m if the plans are accepted. It is set to introduce two office properties, one 300,000 sq ft and the other 195,000 sq ft, on London Wall just around the corner from Moorgate tube station.
Along with the office towers, a significant area around the properties will be assigned for gardens and open space.
“This is an extremely complex site in a prime City location,” commented Hammerson’s London group managing irector Martin Jepson, according to the Construction Enquirer.
“MAKE has delivered an outstanding scheme that respects its surroundings and will change the perception of a traditional City office building,” he added.
A decision on the plans is expected by summer 2011. If accepted, the towers are due for fit-out in 2014 and ready for occupation in mid-2015.
Other construction plans for office space in the City of London include 122 Leadenhall (the Cheesegrater), 20 Fenchurch Street (the Walkie Talkie tower), the Shard London Bridge, Heron Tower and the Pinnacle.
In the serviced office sector, the City of London is condensed with business centres operated by many different office providers, ranging from multinational companies Regus and Abbey Business Centres, to independent providers such as Beaumont Business Centre and Browne Mackenzie.
Most recently, serviced office provider Ventia Ltd opened a new centre in the City of London on the corner of Houndsditch and Cutler Street, representing their first foray into the Square Mile and their 10th business centre in the UK.
Find out more about serviced office space in the City of London online at officebroker.com.