Bishopsgate tower approved

Nick Myall
Wednesday 18 Nov 2015

Construction of a 62-storey tower in London will utilise the foundations and basements of the previous unfinished development

The City of London’s Planning and Transportation Committee has resolved to grant planning permission for 22 Bishopsgate (22) in the City of London, UK.  This marks a significant step forward in AXA Investment Managers - Real Assets’ (AXA IM – Real Assets) plans for a new building in the City which it intends to deliver with development partner Lipton Rogers.

AXA IM - Real Assets and Lipton Rogers intend to transform this important site in the City of London into a worldwide exemplar workspace, providing a working community that will support the London’s employment growth.

Construction of the 62-storey tower will utilise the foundations and basements of the previous unfinished development on the site, helping minimise disruption and allowing for an accelerated construction timetable upon receipt of full planning permission.

Karen Cook, a founding partner of the project's architects PLP Architecture, comments: "The skill and dedication of an extraordinary team of experts have helped shaped the design of the 22 Bishopsgate as an exemplary project. A City tenant ourselves, we look forward to continuing to work with our client, AXA IM - Real Assets and Lipton Rogers Developments, to deliver this significant building in early 2019 at the heart of the cluster in the City of London."

22 will be topped by the highest free-to-visit public space in London, which will have dedicated lifts and entrance.

The building’s flexible approach to space is coupled by a significant focus on both the wellbeing of its residents and reducing environmental impact by the use of the new WELL building standard. The building aims to set new standards in promoting cycling in line with emerging policies to inspire a modal change in transport. 22 will also be one of the first office buildings in London to use a consolidated delivery process to halve the total number of vehicle movements, as well as removing vehicles from the road network at peak pedestrian and commuter times.

The building will incorporate a substantial range of tenant amenities including restaurants, leisure space, auditorium, medical facilities with space for education and relaxation as the City’s first vertical village.

Anne Kavanagh Global Head of Asset Management & Transactions at AXA IM - Real Assets, said: “The City of London’s resolution to grant planning permission for 22 Bishopsgate marks a significant step forward in our plans for this exciting new development which will provide a high quality and environmentally friendly working environment for over 12,000 people in the heart of the City of London. We are long term investors into the City and are of the firm belief that 22 Bishopsgate will be part of its ongoing success story as an international business location and global city.”

Commenting on the proposed development, Sir Stuart Lipton of Lipton Rogers said: “22 Bishopsgate has been designed to enhance the quality of life of its occupants by adding amenities which make the work experience more enjoyable and effective.”

Nick Myall

News Editor

Key Facts:

Commercial Offices
United Kingdom

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