‘The Mark’ will provide 215,000 sq ft of new office space alongside 14,000 sq ft of cultural, food & beverage and retail space on Mark Lane near the Tower of London.

Construction is due to start in early 2024 and will be completed in late 2026 on the scheme designed by Danish Architect 3XN.

Shravan Joshi, Chairman of the Planning and Transportation Committee at the City of London Corporation, said: “We need a sustainable built environment that meets the growing demand for low environmental impact, but also for spaces that people want to spend their leisure time in. So, I’m pleased to see that developers are aligned with these goals.

“The Square Mile has a uniquely diverse setting, with beautiful heritage assets right next to impressive skyscrapers, alongside medieval churches, livery halls, new restaurants, bars and clubs, as well as residential homes across several estates. We will continue to enhance this offering as part of our ‘Destination City’ policy and deliver a visitor destination for everyone to enjoy.”