Commercial Property News

Our magazines are published bi-monthly with in-depth features and news for the commercial property industry. On this page we have the latest news to keep you constantly updated on the market. On the left hand side of the page you can search our archived news which is stored monthly.

Friday, September 22, 2023

Land Securities secures resolution for new City of London Tower

Land Securities announced that the City of London Planning Committee has resolved to grant planning permission for its proposed development at 20 Fenchurch Street,London, EC3.

Designed by international architect Rafael Vinoly, 20 Fenchurch Street will be a 160m (525 ft) 37-storey tower complex, totalling approximately 600,000 sq ft of office and retail space.

Vinoly's innovative design also features a public 'Sky Garden' at the top of the building. This will be the highest 'accessible park' in London and will offer visitors an outside roof terrace, gardens, restaurant and cafe and a panoramic view of London. In addition, the development of 20 Fenchurch Street will significantly enhance the public realm around the base of the building, creating new views of the adjacent Wren Church and St. Margaret Pattens.

Once full planning permission is obtained, the intention is to go to the market to seek a pre-let of part of the building prior to construction starting on site.

Mike Hussey, Managing Director of Land Securities' London Portfolio, commented: "This building responds to the City's need for increased density and the market's demand for efficient large floor plates. We are also extremely pleased that the building combines outstanding design with progressive features that will ensure it meets rigorous sustainability criteria.

"20 Fenchurch will set new benchmarks for office design and we are delighted with the City of London's decision."


The new Property Executive business directory is now online. To add a free listing for your company click here.