The City of London Corporation has approved plans to transform three separate office buildings into modern, sustainable workspaces at main sites across the UK’s capital.
The upgrades at 1 Basinghall Avenue, 3 Lower Thames Street, and 75 London Wall align with the corporation’s local plan and ‘Destination City’ objectives.
The development is expected to contribute to the demand for A-grade office space in the city.
Plans include the retention and reuse of the majority of existing structures and materials to save carbon emissions throughout the process.
The City of London Corporation’s Climate Action Strategy and net-zero goals are central to these improvements.
The sustainable office upgrades in London will include energy-efficiency enhancements such as LED lighting and heat pumps.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataIn addition, the buildings will feature rain gardens and wildflower green roofs to boost biodiversity and combat the effects of flooding and heatwaves.
City of London Corporation Planning and Transportation Committee chair Shravan Joshi said: “With the built-environment sector accounting for around 40% of total carbon emissions, retrofitting is crucial for meeting our net-zero goals.
“By working with stakeholders to deliver pragmatic policies that will help transition to net zero effectively, we aim to be the most attractive and sustainable global financial centre for generations to come.
“With these three retrofit applications, future office tenants and their employees will enjoy a well-connected, high-quality office space, whilst local residents’ and visitors’ journeys through the Square Mile will be enhanced by the public-realm improvements and new retail.”
The entire initiative forms part of the broader efforts to revitalise the city and attract more foot traffic to the area.