The application for the new building, which will be known as Two New Bailey Square, follows the recent completion of One New Bailey.

Jointly developed by the three-way jv between Muse Developments, Legal and General and the Homes and Communities Agency, the new building will offer 190,000 sq ft of top-rated office space and is being designed by architect AHMM.

The large open floor plates are designed to be split if required, offering future tenants flexibility and each floor will have access to its own private outdoor terrance. There will also be a generous sized reception area with integrated café, 50 underground car parking bays and street level cycle facilities with showers and 102 bicycle spaces.

Phil Mayall, development director at ECf, said: “The decision to submit the planning application at this time was prompted by the strong interest in the remaining space at One New Bailey and we expect a decision to be made in September.”

International law firm Freshfields Bruckhaus Deringer has taken 80,000 sq ft at One New Bailey and luxury bar and restaurant, Menagerie has let 6,000 sq ft on the ground floor in the 125,000 sq ft building.

“Two New Bailey Square’s design perfectly balances the characteristics of a high quality, sustainable office building with an honesty and integrity that will a provide truly unique development,” added Mayall.

“We are currently considering funding options with a view to starting work on site in early 2017. ”

The building takes its name from its location with its entrance opening on to the large new public square that connects Two New Bailey Sqaure with One New Bailey and the car park.