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The application will be decided by the Planning & Transport Committee of the City of London.
We are aiming to submit the application in late 2020.
The existing building is poor quality, turns its back on the surrounding area, is nearing the end of its commercial life, has inefficient floorplates, suffers from very poor floor-to-ceiling heights and fails to maximise the site at this prominent City of London location. By redeveloping the site, we can provide new commercial space suited to demand in the City of London, whilst providing additional environmental and public realm benefits.
We are conscious of the potential impact construction could have on our neighbours if not managed effectively. We will therefore agree a strict Construction Management Plan with the City of London Corporation, and have appointed a Tier 1 main contractor to support this process.
We want to go above and beyond the highest standards of sustainability and are targeting BREEAM Outstanding for the new building. The introduction of greening will also help to ensure the building enhances the environment of the surrounding area. Our design consideration will provide the opportunity for the building to be carbon zero, by using natural ventilation and removing direct supply of fossil fuels such as natural gas to the site. Because of this carbon zero approach we expect that the building will become carbon positive, even with construction factored in, within ten years.
The development will sit at the east of the Eastern cluster. We are therefore working with Corporation of London Officers to assess the appropriate massing and respect views covered by the London View Management Framework.
With the redevelopment of the site comes the opportunity to increase wayfinding, public realm and active frontages around the site. Our intention is to provide greater public access and benefit to the wider community than would be possible with the current building, including by restoring the historic Heneage Lane as an arcade with retail opportunities.
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