Daily Newsletter

05 August 2024

Daily Newsletter

05 August 2024

City of London approves revamp of three office buildings   

The project is set to contribute to the desire for A-grade office space in the city.

Upasana Mukherjee August 02 2024

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.  

In 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.

Saudi Arabia Construction Market Overview

GlobalData's latest report provides detailed market analysis, information, and insights into Saudi Arabia’s construction industry, including its growth prospects by market, project type, and construction activity. The industry is expected to grow at an annual average growth rate of 5.1% between 2025 to 2028, supported by public and private investments in oil and gas projects, and the government’s aim to attract 150 million tourists annually, as part of its Vision 2030 plan.

Saudi Arabia Construction Market Overview

GlobalData's latest report provides detailed market analysis, information, and insights into Saudi Arabia’s construction industry, including its growth prospects by market, project type, and construction activity. The industry is expected to grow at an annual average growth rate of 5.1% between 2025 to 2028, supported by public and private investments in oil and gas projects, and the government’s aim to attract 150 million tourists annually, as part of its Vision 2030 plan.

Saudi Arabia Construction Market Overview

GlobalData's latest report provides detailed market analysis, information, and insights into Saudi Arabia’s construction industry, including its growth prospects by market, project type, and construction activity. The industry is expected to grow at an annual average growth rate of 5.1% between 2025 to 2028, supported by public and private investments in oil and gas projects, and the government’s aim to attract 150 million tourists annually, as part of its Vision 2030 plan.

Saudi Arabia Construction Market Overview

GlobalData's latest report provides detailed market analysis, information, and insights into Saudi Arabia’s construction industry, including its growth prospects by market, project type, and construction activity. The industry is expected to grow at an annual average growth rate of 5.1% between 2025 to 2028, supported by public and private investments in oil and gas projects, and the government’s aim to attract 150 million tourists annually, as part of its Vision 2030 plan.

Saudi Arabia Construction Market Overview

GlobalData's latest report provides detailed market analysis, information, and insights into Saudi Arabia’s construction industry, including its growth prospects by market, project type, and construction activity. The industry is expected to grow at an annual average growth rate of 5.1% between 2025 to 2028, supported by public and private investments in oil and gas projects, and the government’s aim to attract 150 million tourists annually, as part of its Vision 2030 plan.

Saudi Arabia Construction Market Overview

GlobalData's latest report provides detailed market analysis, information, and insights into Saudi Arabia’s construction industry, including its growth prospects by market, project type, and construction activity. The industry is expected to grow at an annual average growth rate of 5.1% between 2025 to 2028, supported by public and private investments in oil and gas projects, and the government’s aim to attract 150 million tourists annually, as part of its Vision 2030 plan.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close