Angelo Gordon and Endurance Land have secured planning permission for the comprehensive redevelopment of Grade II listed, 1-5 London Wall Buildings in the City of London.
Planning permission was awarded by the City Corporation via delegated powers.
The Carmody Groarke design creates a fit-for-purpose landmark office building with a publicly accessible, vibrant ground floor with retail uses. The repurposed building will comprise of 220,554 sq ft of net lettable office space and retail space, a total uplift of 11,248 sq ft. The net area gain above grade is over 30,000 sq ft as the redevelopment moves the plant from the roof to the basement while also increasing the reception lobby and providing for wellbeing areas on the lower floors.
London Wall Buildings forms a prominent 1 acre site that defines the south-east corner of Finsbury Circus, benefiting from extensive frontages to both London Wall and Finsbury Circus.
The property benefits from excellent connectivity, being located between the three main stations of the City of London – Bank, Liverpool Street and Moorgate. Access to the new Elizabeth Line at Liverpool Street station will be within a 1 minute walk.
This landmark building will benefit from the near-complete Finsbury Circus public gardens as well as developments in the immediate area including 60 London Wall, 100 Liverpool Street, the new Crossrail public piazza and the new Eataly food hall.
The reconfigured design provides simplified and clear floorplates across all levels that are fit for modern day use of flexible, multiple tenancies. New common areas with both new and refurbished lifts and staircases are proposed, together with new toilet facilities. New tenant amenities are provided at lower ground floors with extensive cycle parking and showers.
At the upper levels, the floor plates are extended on London Wall on levels 4-6, with new floors on level 7 and 8.
The design has been underpinned by making sensitive interventions to the historic building, preserving the heritage of Gordon and Ganton’s original 1904 design whilst delivering a BREEAM Excellent building by improving energy efficiency and delivering major embodied and operational carbon savings, amongst other environmental initiatives.
New accessible terraces and amenity spaces will be created as part of the proposals with panoramic views across the City and beyond. As part of these terraces, planting has been comprehensively integrated, vastly increasing the building’s Urban Greening Factor.
In summary, the restoration and extension provides public, accessibility, environmental and heritage benefits while delivering fit-for-purpose office and retail space.
Jonathan Fletcher, CEO and founder of Endurance Land, said:
“We are delighted to have received planning consent for London Wall Buildings. The design will complement the architecture of the building, embrace it’s heritage and deliver a best in class, modern, fit for purpose office and retail building.
Securing planning offers the opportunity for us to continue with our phased refurbishment in the short-term or commence a full redevelopment in 2022. The new entrance lobby, café and show floor which will complete in September are the first steps in our plan to reposition this heritage asset for the modern occupier.”
Mike Diana, Managing Director, Angelo Gordon said:
“We are pleased to have obtained planning permission with our partner Endurance Land. The permission maximizes our flexibility at the asset, giving us a fantastic opportunity to refurbish an ideally located listed building which will benefit from the impending completion of Crossrail and the reactivation of Finsbury Circus.”
Gerald Eve acted as planning consultant with Carmody Groarke as lead architect. Waterman are the structural and M&E engineers for the scheme.