The firm said it was backing the London office market in the belief that Covid-19 has changed the expectation of what good offices buildings must offer but still remained in demand.

In a statement founder Patrick Wong said: “In the corporate world, the Covid-19 pandemic has raised significant questions about the long term future of the office.

“At Tenacity, we do not believe that Covid-19 will create a long term and permanent switch to ‘working from home,’ instead we believe we will see a movement towards a new type of office space, one that prioritises the workforce and their mental and physical wellbeing.

“This change was long in the making, but the pace will now quicken, and Tenacity will look to embrace it”

The new office scheme has been designed by architect Kohn Pedersen Fox.

The 155m tower will be stepped, with three glazed office elements split vertically with planted balconies giving the impression of three slender tapered towers.

It will be built on the site of a Marks and Spencer building on the corner of Gracechurch Street and Fenchurch Street in the city close to the Walkie-Talkie.

The main tower elements will sit above a six-storey podium with a large open space ground floor atrium inspired by the Roman forum which once occupied the site.

Demolition works are hoped to take place at the start of 2022 taking a year.

Construction would then get underway in early 2023 to finish in Spring 2027.