Culture secretary Jeremy Hunt confirmed today that he is rejecting advice from conservation body English Heritage to award the site Grade II listed status.
The move will allow British Land and Blackstone to press ahead with plans for a new home for investment bank UBS on the site of two buildings that are earmarked for demolition.
Chris Grigg, British Land chief executive said: “I am delighted by today’s decision as it allows Broadgate to continue to evolve as a sustainable and flexible office location that will meet the future needs of occupiers whilst maintaining the sense of space and place for which it is rightly renowned around the globe.
“With the decision made today by Jeremy Hunt, the Government has also sent out a message loud and clear to the world that the UK is ‘open for business.’”
