London, 14 June 2012 –Endurance Land announced that they have recently been granted planning consent for a 291 bed hotel in the City of London.

The latest consent provides for a comprehensive redevelopment, to provide a new Class C1 (Hotel) with a maximum of 9,990sq.m of floor space (GEA) and 291 bedrooms over a part 7 and 16 storey building.

The existing building is a purpose built office block comprising of five floors including a ground floor retail unit which is prominently located in the city of London, close to Aldgate tube station. The existing building is due for demolition in Quarter four 2012, prior to construction commencement at the beginning of 2013.

The development will utilize a number of intelligent building systems to help achieve a BREEAM excellent energy rating. These include the design of highly thermally efficient facades with just 35% glazing, heat recovery systems, and green roofs to help thermal efficiency and mitigate rainwater run off

Endurance Land, a privately owned property company have been working along side their funding partner Scottish Widows. Jonathan Fletcher, Managing Director of Endurance Land, said: “We are delighted to have achieved this enhanced planning consent and look forward to working with our tenant, Motel One, to produce a first class hotel product.”

BNP Paribas acted for Endurance Land/ Scottish Widows with regard to planning.