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30-storey office block approved in City of London

Words: Laura Edgar
Offices / iStock-557608419

The City of London Corporation has granted planning permission for a 30-storey office-led development within the Square Mile's City Cluster.

The Tenacity scheme at 55 Gracechurch Street is located between Monument Tube station and Leadenhall Market. It will comprise 34,000 square metres of offices and almost 2,500 square metres of retail space.  

According to a statement on the corporation’s website, the development “embodies many of the emerging trends for post-pandemic office space”. This includes delivering a “workplace destination” alongside retail, cultural, public art and open space.

The building, which seeks to achieve the BREEAM ‘Outstanding’ rating, will be available to large businesses, SMEs and ‘growth stage’ companies.

Recycled building materials will be used to deliver the scheme. There will be a free-to-access 1,600-square-metre garden terrace with a suspended treetop walkway open to the public, while an innovative ceiling system will harvest rainwater to simulate rainfall to irrigate the plants.

Founder and CEO of The Tenacity Group, Patrick Wong, said: “Despite the events of the last 12 months and the changes and challenges that we have all witnessed, Tenacity is quite clear that the era of the office is not over. Far from it. We believe the future is bright for the right kind of space – space that 55 Gracechurch Street will provide – that embraces sustainability and provides flexibility, puts the needs of the workforce at its core but also engages with the wider community around it.”

Alastair Moss, chair of the planning and transportation committee at the City of London Corporation, added: “We remain positive about the long-term future of the city office despite the current lockdown. It is fantastic, therefore, to see this significant vote of confidence from the developers of 55 Gracechurch Street.

“The building design embraces emerging development trends, such as flexible workspace, greening and access to fresh air – all of which were rising trends that have now been embedded into building design as a result of the pandemic.

“Of particular merit to this development is an innovative ventilation strategy which uses fresh air, filtered from outside, to cool the office floors.

“The development will even reuse stonework from the existing building and include recycled steel with a commitment of an impressive 98 per cent diversion of construction waste to landfill.”

Image credit | iStock