Out-Law / Your Daily Need-To-Know

Henderson given green light for 34-storey Leadenhall tower

Out-Law News | 26 Feb 2014 | 2:41 pm |

The City of London Corporation's planning committee has resolved to grant planning permission to Henderson Global Investors for a 170 metre office tower at 40 Leadenhall Street in London's EC3.

The proposed 910,000 square feet building will vary in height between seven and 34 storeys and comprise 890,000 sq ft of office space and 20,000 sq ft of retail space on the ground floor. A grade II listed building at 19-21 Billiter Street, which was built in 1865, will be restored and integrated into the development.

Henderson said in a statement it expects the scheme to create 390 construction jobs, with around 7,000 people expected to work in the building when complete.

“We are delighted to have achieved a resolution to grant planning permission for what will be a very exciting addition to the London skyline and a valuable contribution to the City’s ever evolving tower cluster," said Henderson's director of property, central London offices, Nick Deacon. "This is a significant step forward for the project. We are committed to progressing the scheme and have begun to explore a number of options to achieve this.”