Mitsubishi/Stanhope get City tower okay

By Paul Norman - Tuesday, October 03, 2017 11:28

Mitsubishi Estate London and Stanhope have gained consent from The City of London Corporation for its revised plans for a 570,000 sq ft tower at 6-8 Bishopsgate and 150 Leadenhall Street.

Approval has been secured for a 50-storey office tower on the corner site – with retail units on the ground floor and a viewing gallery at its summit – with a distinctive ‘stacked blocks’ design. The property will provide over 570,000 sq ft of space to let.

Approval was granted at a City Corporation planning committee this morning with six objections.

Mitsubishi Estate London submitted the revised plans in May following the approval of a number of other towers in the eastern cluster that impacted on the original proposals, which were first approved in July 2015. The new design adds a further ten storeys, totalling 120,000 sq ft of space, to the previously approved plans.

Yuichiro Shioda, managing director and CEO of Mitsubishi Estate London, said: “We welcome this decision from the City of London, which recognises the benefits to all stakeholders of the revised proposals. As part of the eastern cluster, this new tower will provide the modern business space required to keep the City of London at the forefront of international commerce.”

David Camp, chief executive of Stanhope, said: “We are delighted to be continuing our partnership with Mitsubishi Estates on this striking landmark building for London that will further enhance its global appeal and its ability to attract high quality international businesses to locate in the City.”

Gerald Eve advised on planning, Wilkinson Eyre is the appointed architect on the scheme, and Stanhope is retained as development manager.

pnorman@costar.co.uk

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