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

Grant Prior 4 years ago
Share

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.”

Latest news

Completed buildings caught-up in Gateway 2 chaos

Developer distraught after dealing with Building Safety Regulator
8 hours ago

Aviva submits plans for 34-storey City office tower

Subject to planning work to start in autumn 2027
7 hours ago

Murphy takes 40% stake in Aussie civils contractor

Firm enters Australasian market with stake in Sydney-based contractor Abergeldie
17 hours ago

Moat seeks firm for £420m repairs and maintenance deal

15-year deal to upkeep 20,000 south east homes
7 hours ago

Lynch takes over hotel for Sizewell plant operators

Hire giant now in the hotel business to guarantee accommodation for workers
8 hours ago

Subcontractors wanted across Scotland

Latest Constructionline event in Glasgow: Register now
7 hours ago

Six guilty of £2m bribery over Devon housing site deals

Corrupt building bosses and E.ON project chief and QS sentenced
5 days ago

1,650 former ISG staff launch legal claims

Redundancy Payment Service facing payout of more than £9m
5 days ago

Plans lodged for £1bn cancer research centre in Sutton

London Cancer Hub will deliver around 1m sq ft of lab and research space
4 days ago

London Met Uni seeks firm for £284m estate revamp

Contractor wanted to deliver capital works and FM
4 days ago

Delayed £2bn estate rebuild back on as Berkeley signs deal

Birmingham council development agreement paves way for 2028 Ladywood start
5 days ago

Tilbury Douglas boosts margin to 2.1% as profits double

Firm targets 3.5% margin by 2029 under new business plan
5 days ago

Subbies battle for fastest bricklayer title

Winchmore management team go back on the tools
5 days ago

Green light for revised McLaren Reading revamp

Mixed-use plans to transform Broad Street Mall site
4 days ago

Three arrested in Blu-3 and Mace bribery probe

Serious fraud office swoops over alleged £3m bribes to former Mace associates
6 days ago

Scotland’s most complex A9 dualling job heads to market

Market testing starts for £205m Pitlochry to Killiecrankie 6.4km upgrade
6 days ago

Unite signs £390m student beds JV with Manchester Met

Construction at Cambridge Halls site to start next year
5 days ago

Turkish contractor Limak to build new Luton Town stadium

Construction to start this summer on 25,000-seater venue
6 days ago

Kitchen fitter crushed to death by concrete blocks

House builder goes into liquidation before court case
5 days ago

Mears clinches £230m renewal for key Milton Keynes housing deal

Housing upkeep contractor achieves 100% renewal rate in bust rebid period
5 days ago

Murphy on board at new £32m rail station

Construction to start next year at Golborne station
6 days ago

HS2 engineers finish UK’s heaviest bridge slide early

A46 Kenilworth Bypass reopens 30 hours earlier than planned
6 days ago

Bowmer + Kirkland to build £190m Oxford science scheme

Work to start at end of next month on 180,000 sq ft Fabrica scheme
6 days ago

New BAM leisure centre pool springs a leak

Contractor investigating "technical issues" delaying new £36m green leisure centre
1 week ago

United Living lands £250m HyNet pipeline deal

Firm wins deal to design and build over 34km of pipework to collect CO2
6 days ago

Hydrogen diggers get green light to use roads

JCB hails historic decision for advance of hydrogen-fuelled plant on sites
6 days ago

Go-ahead for McAleer & Rushe Glasgow student job

£100m funding deal paves way for 591-bed student tower
6 days ago

Fly-tippers to get their vehicles crushed

Drones will be used to identify cowboy construction waste operators
6 days ago

Green light for £150m West End office revamp

Shaftesbury Avenue office retrofit retains 75% of original building
1 week ago

Morgan Sindall lands £30m Brunswick Wharf scheme in Bideford

North Devon waterside project will provide 100 flats
7 days ago

Contractor services