Henderson Global Investors has today launched its plans for an exciting, high quality building at 40 Leadenhall Street, EC3. The building will vary in height between 7 and 34 office storeys, with two additional basement levels, a roof level plant, (total height 170m AOD) and flexible retail/café and restaurant uses at ground floor level. The total size of the building is 910,000 sq ft NIA, split between 890,000 sq ft office and c. 20,000 sq ft retail.
The building is located in the City of London’s established and dynamic insurance district of EC3 and within the Eastern Cluster of tall buildings. The site is very well served with public transport surrounded by various bus routes, underground and overground stations. A grade II listed building at 19-21 Billiter Street, built in 1865, will be restored and integrated in the proposed scheme. It is estimated that 390 FTE construction jobs will be created on the site and approximately 7,000 people are expected to work in the building when complete.
It has been designed by world class architectural practice, Make, and is formed of vertical slices arranged around the listed building which create a striking and considered vertical composition to complement the more curved and leaning buildings on the London skyline. The tallest part of the building is positioned at the northern end of the site to take account of neighbouring tall buildings and steps down in height toward the River Thames and Tower of London to the south. The proposed new building is also terraced at high level on the northern side of Leadenhall Street so that it remains out of sight when travelling east along Fleet Street along the ceremonial route to St Paul’s Cathedral. Ground floor entrance and retail frontages are set back to create generous pedestrian zones, wider pavements and spaces along key pedestrian routes on adjacent Leadenhall Street, Fenchurch Street, Billiter Street and Fenchurch Buildings.
Henderson acquired the ‘Leadenhall Triangle’ site on behalf of clients in May 2011. It has since been working on viable options for the site.
The plans launched today, which will be presented to the public at an exhibition (12-7pm at St Katherine Cree Church, 86 Leadenhall Street, EC3A 3BP) follow pre-application consultation with the major statutory bodies and stakeholders.
Nick Deacon, Director of Property, Central London Offices, Henderson Global Investors, said: “Henderson's plans for a new high quality office building on Leadenhall Street will be a fantastic addition to London's dynamic insurance district. It will sit within the City's eastern cluster of tall buildings and it has been designed as a series of vertical elements to complement the other taller and adjacent buildings in the heart of the City. It represents Henderson's continuing commitment to the City of London with improved public realm and pedestrian routes and the highest standards of sustainability and environmental performance.”
Geoff Harris, Director of Property Development, Henderson Global Investors, said: “We are proposing a scheme which will fit in with the rich urban character of streets and spaces of EC3 with tall towers and lower rise blocks, primary thoroughfares, hidden alleyways and discreet public spaces. Make has designed a great building in a location which can accommodate a tall building but which varies in height from 7 to 34 stories to respect local and strategic views. It is also highly sustainable given the environmental measures that have been adopted and great local transport links. The building is also a vote of confidence in the City of London and a major boost to investment, growth and employment in the economy.”
Paul Scott of Make, said: “At the heart of the City’s insurance district, the shifting vertical planes of our scheme rise to complement the cluster of tall buildings on the skyline and sensitively terrace down in southern views from and across the River Thames. An exemplar of environmentally progressive design, the building will reduce carbon emissions by over 40% compared to current regulations and lead the next generation of city centre office buildings.”
The development has been designed to meet the BREEAM NC 2011 Excellent standard and the sustainability measures proposed will allow the Building Emissions Rate to be reduced by a minimum of 40% below Part L2A of the 2010 Building Regulations. The building has 1,067 bicycle spaces with additional mobility scooter charging spaces, 113 showers and two disabled car parking spaces.
Henderson’s Central London Office team currently owns c.£900 million of assets across the main sub-markets of Central London. Its standing investment portfolio extends to 2 million sq ft of office accommodation and its development portfolio provides for a further 850,000 sq ft. The team has a strong track record in the delivery of high quality schemes in the London market.
Jefferson Communications - Ian Lindsley
020 7256 8912
Henderson Property - Gemma Bradley
020 7818 4441