London tower over historic Leadenhall market approved

Aaron Morby 2 years ago
Share

Plans to build a 32-storey tower to rejuvenate London’s historic Leadenhall Market have been given the green light.

85 Gracechurch Street planned tower
85 Gracechurch Street planned tower

Malayasia developer Hershten Group gained approval yesterday from the City of London Corporation for the 158m at 85 Gracechurch Street.

The plans, drawn up by architect Woods Bagot, join several other proposed building that will link the city high-rise cluster with the Walkie-talkie building at 20 Fenchurch St to the south.

85 Gracechurch with associated planned mid-rise buildings

The selected contractor will retain and restore the 1930s facade of the existing nine-storey building by Leadenhall Market, with the new structure around three times as high built behind.

The development will boast an imposing ground-floor public hall including food, retail and event spaces. This will reopen a historic pedestrian route between Gracechurch Street and Lime Street Passage, increasing footfall into the market.

It will feature a fifth-floor heritage garden and free public exhibition celebrating the history of the site where once stood the Forum and Basilica – the heart of Roman London, while the office floors above this level will feature green balconies.

City of London Corporation planning chairman Shravan Joshi said: “This scheme sets a high bar for others to follow.

“It will create major new public hall, a pedestrian route and a cultural space showcasing the rich history of this part of London, supporting our Destination City vision of the Square Mile as a seven-day-a-week visitor destination.”

The project team includes cost consultant Turner & Townsend, M&E consultant Sweco and structural and geotechnical firm Robert Bird.

Latest news

Kier wins first phase of £700m Warwick Uni campus build

Firm to start work on science and engineering precinct last this year
9 hours ago

Torsion and Khalbros to build new Leeds £1bn neighbourhood

Eastgate Quarter site acquired from Hammerson
9 hours ago

JCB to double size of US factory in wake of Trump tariffs

$500m Texas factory under construction to expand to 1m sq ft
10 hours ago

Green light for £2.4bn Luton Airport expansion

Government go-ahead to transform airport
10 hours ago

Diversification pays off for concrete frame specialist Statom

Strong results as £180m turnover firm expands into infrastructure sector
12 hours ago

Cardo in talks to buy Breyer roofing arm

More than 100 jobs could be saved at Breyer Roofing
17 hours ago

Quartet win £750m Wales & Western railway deal

Network Rail confirms partners for Reactive and Minor Works framework
17 hours ago

Plans in for £350m London Bridge life sciences hub

Snowsfields Quarter will consist of three buildings containing labs
18 hours ago

Surging labour costs push tender price forecast up

Pick-up in tender prices despite weak growth
18 hours ago

Permasteelisa wins cladding deal on Multiplex city tower

Facade specialist wins work on Fenchurch Street ‘hanging gardens’ tower
17 hours ago

Wates wins fit-out for Manchester First Street Hub

Smartspace arm secures another Government hub deal
2 days ago

Peel Ports reveals winners for £750m framework

18 firms win places on deal: Full list
2 days ago

Big trade names dropped in M Group rebrand

Acquisitive group formed from Morrison Utility services in 2016
2 days ago

Breyer Group files administration notice

Staff hope rival firm could buy assets and save jobs
2 days ago

Former Severfield director takes helm at Embrace Steel

New CEO Martin Kelly aims to step up expansion of steelwork contractor
2 days ago

£302m upgrade funding awarded to FE colleges – list

Cash shared out between England’s 179 college groups
2 days ago

FK Facades thrives but construction arm hit by ISG row

Dispute with failed contractor costs specialist £5.5m
2 days ago

Galliford Try gets go-ahead for Milton Keynes PRS tower

33-storey tower needs gateway 2 approval before work can start
2 days ago

Small house builders get £150m funding for green homes

Developers will have to meet-up to ten new criteria to benefit from interest rate discounts
2 days ago

Lendlease Construction renamed Bovis

US private equity firm completes £35m purchase of UK contracting business and rebrands
3 days ago

Breyer Group battles for survival as rivals circle

Housing maintenance firm fights three winding up petitions in a month
3 days ago

Careys facing £2.4m claim by developer over demolition cartel

Giant Hong Kong developer claims it was overcharged on Lots Road Power Station job
3 days ago

Multiplex profit drops a third as revenue rises to £780m

Spate of new orders sets contractor up for three years of work
3 days ago

Galliford Try and Breheny land latest Sizewell C road deals

More infrastructure deals for new nuclear power station
3 days ago

Worker trapped in collapsed septic tank pit

Contractor and director fined after worker suffers multiple fractures
3 days ago

Homes England buys stalled Broad Marsh site

Demolition to finally be completed as developer hunt begins
3 days ago

Vistry go-ahead for 353 homes at Rochester Riverside

Work to start on next phase of Kent town regeneration at end of this year
4 days ago

M&E firm J S Wright collapsed owing £19m

Trade creditors hit for £11.4m by employee-owned Midlands firm
4 days ago

Right to work checks to be extended to self-employed

Government plans crackdown on illegal working and rogue employers
4 days ago

Midlands developer turns to London with £1bn resi schemes trio

SevenCapital plans 1,000 flats in Kensington, Islington and the Isle of Dogs projects
4 days ago

Contractor services