Go-ahead for Hong Kong developer’s second City tower

Grant Prior 2 weeks ago
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The City of London Corporation has approved plans from Hong Kong developer Tenacity for a second tower scheme in the Square Mile.

Tenacity has been granted planning permission for a 33-storey scheme at 70 Gracechurch Street designed by Kohn Pederson Fox.

It follows the green light last month for a 30-storey development at nearby 55 Gracechurch Street.

Plans for 70 Gracechurch Street includes more than 72,000 sqm of flexible office floor space, more than 1,800 sqm of flexible retail space and more than 1,500sqm of public access space.

A public gallery and winter garden at levels 29 and 30 will offer views across London and will be made available at no cost to the City’s residents, workers and visitors.

Chair of the Planning and Transportation Committee at the City of London Corporation, Alastair Moss, said: “This sustainable and energy-efficient development provides a significant increase in prime City office floorspace, which will be vitally important for the workers and businesses returning to a newly-revived City after the current restrictions are eased.

“Comprising of three staggered tower elements, the development creates a unique and dynamic silhouette, without dominating the City skyline, and it showcases sustainability measures to promote health and wellbeing.”

Founder and CEO of Tenacity, Patrick Wong, said: “70 Gracechurch Street will lead the way for a new generation of office led buildings in the City that reflect the changing needs and expectations of occupiers and visitors.

“Our proposals put the health and wellbeing of occupants at its heart, while also fundamentally transforming the public realm and visitor experience for citygoers of all types.

“Our proposals reflect the City Corporation’s 24/7 vision for the City, while also allowing us to make the most of the site’s unique location as a gateway into Leadenhall Market.

“We have worked closely with the City throughout the last number of years on both our projects and share their ambitious and progressive vision for the City and look forward to playing a part in shaping that future.”

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