"Skyscraper Chris" approves 1.1m sq ft City tower

By James Buckley - Tuesday, July 10, 2018 13:59

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The City of London Corporation has granted planning permission to Lai Sun Development Company for its skyscraper at 100 Leadenhall in the City of London.

When completed, the structure will reach a height of 263.4 metres making it the third tallest building in the Square Mile.

The City Corporation’s Planning and Transportation Committee voted to approve the project which will involve the demolition of existing developments at 100, 106 & 107 Leadenhall Street, replaced by the development of a 56-storey building. An estimated 6,300 workers will work in the building upon completion.

The building, colloquially termed “Cheesegrater 2”, will provide over 1.1m sq ft of office space, as well as basement showers, cycle parking, ground-floor retail space, two podium terraces and a public viewing gallery on the top two floors which will be served by dedicated lifts.

The first level of the free public viewing gallery will provide 360-degree panoramic views across London while the top floor will offer views to the south, hosting up to 360 guests at a time. Outside of public viewing gallery hours, the levels will be used as a restaurant and bar.

100 Leadenhall Street will be one of the seven tall buildings in the City’s eastern cluster due to complete construction by 2026 that will host a high level free public viewing gallery at its peak, a trend seen nowhere else in Europe.

The development will provide a significant increase in flexible office space in the City. This comes after the amount of serviced office and co-working space in the Square Mile doubled since 2010 with approximately 20,000 people now working from such spaces.

Chris Hayward, Chairman of the City of London Corporation’s Planning and Transportation Committee – known also as “Skyscraper Chris” - said: “I’m delighted that we have approved latest addition to the City’s growing office district.

“As a leading business district accommodating 483,000 workers every day, it is vital to continue to deliver office space for the significant growth expected with the arrival of the Elizabeth line later this year.

“Leading to a church dating back to the 12th century, this development demonstrates the City’s distinctive ability to house the old and new side by side, while becoming more accessible to creative workers and members of the public.

“More than ever we are seeing businesses make location decisions based on the quality of built environment and public realm that they can offer their employees.

“Today’s committee decision will boost confidence and international talent in the City of London.”

Lai Sun’s appointed UK advisor, London & Oriental, began assembling the site in 2014 and, through the purchase of three separate parcels of land, completed the land acquisition process in 2016.  The site is comprised of 100, 106 and 107 Leadenhall Street.

Following the announcement, Mark Cannell, Partner at London & Oriental, said: “The whole team is delighted with the decision of the City Corporation to approve our proposals.  All those involved in the project recognised the importance of this site as one of the last significant development plots in the Eastern Cluster, and have worked extremely hard to create a landmark building that will be striking, but which will also interact with its surroundings, including several important historic buildings.

“The Diamond will provide much needed high-quality office space.  But it will not just benefit those who work inside it – it will also provide more activity at street level for those who live and work in the local area, as well as a free viewing gallery at the top of the building offering spectacular 360 degree views across the whole of London.”

Chew Fook Aun, Deputy Chairman of Lai Sun Development based in Hong Kong, said: “Lai Sun has been present in London since 2010 and is committed to its long term development.  The City, as the world’s pre-eminent financial capital, has a continuing need for ‘best in class’ office, retail and public space and this investment is a reflection of our confidence in the City’s future as the world’s financial centre.”

The City of London Corporation has launched a public consultation on proposed improvements to the tall office building area of the City dubbed the “eastern cluster”.

jbuckley@costar.co.uk

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