Formerly known as Fountain House, the new building features a staggered, “jewel-like” design, giving it a distinct architectural character within the Square Mile’s cluster of skyscrapers.

The plans from Insurance giant Aviva will provide 57,491 sq m of Grade-A office space.

The existing building is scheduled for demolition in 2026 with the new tower due to be completed by 2030.

Chairman of the City of London Corporation Planning and Transportation Committee, Tom Sleigh, said: “130 Fenchurch captures our ambition to unlock growth: a striking new workplace in the heart of the City, with routes and views that open up the City for everyone.

“This is about more than one building — it’s part of a pattern of proactive planning decisions that are helping to shape a future-ready Square Mile: greener, denser, more dynamic, and firmly aligned with the UK’s growth mission.

“Planning can be a growth engine, and 130 Fenchurch proves it. We’re delivering jobs, public space, and best-in-class offices at the scale the UK economy needs.”