Planning permission has been given for a 40-storey office tower in the City.
The City Of London Corporation approved the proposal by Japanese development company Mitsubishi Estate to redevelop 6-8 Bishopsgate and 150 Leadenhall Street in the Eastern Cluster of tall buildings.
Designed by Wilkinson Eyre Architects and Arup, the 71,510m2 building will look like a series of blocks, which reduce in size towards the top.
It will be an office-led, mixed-use tower with flexible retail use at ground and mezzanine floor levels and a public access viewing gallery at level 40.
Mitsubishi Estate London chief executive Naoki Umeda said: “I would like to thank the City Corporation planning team for their assistance and efficiency in processing this application. We have really valued the open and collaborative approach from the City.
“This project is a major investment, signalling Mitsubishi Estate’s confidence in the City of London as a world financial centre. We are delighted that we will now be able to deliver a striking landmark building for London that will further enhance its global appeal.”
David Camp, chief executive at the scheme’s development manager Stanhope, said: “The City is to be congratulated in its approach to securing quality office buildings to meet the cumulative demand for space in the Square Mile. Its rigorous criteria but open approach and efficiency in procedure is exemplary.”
The tower is scheduled for completion in 2020.