Mitsui/Stanhope receives planning consent for new City Tower
Developers Mitsui Estate London and Stanhope have recently been
granted planning consent for their proposed new tower on the site of 6-8
Bishopsgate EC2 and 150 Leadenhall Street, EC3 according to a report from Costar.
The City of London has given permission for the revised
plans to construct a 570,000 sq ft tower; which will consist of a 50 storey
office on the corner site. Retail units on the ground floor and a viewing
gallery at the top also form part of the project.
The plans were originally submitted in May but required a
number of revisions to conform to planning authorities’ recommendations due to
the impact of a number of other tower developments in the area. The revised
plans were approved with 6 objections.
Yuichiro Shioda, managing
director and CEO of Mitsubishi Estate London, said: “We welcome this decision
from the City of London, which recognises the benefits to all stakeholders of
the revised proposals. As part of the eastern cluster, this new tower will provide
the modern business space required to keep the City of London at the forefront
of international commerce.”
Camp, chief executive of Stanhope, said: “We are delighted to be continuing our
partnership with Mitsubishi Estates on this striking landmark building for
London that will further enhance its global appeal and its ability to attract
high quality international businesses to locate in the City.”
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