Website: hammerson.com

Hammerson is a FTSE 100 owner, manager and developer of retail destinations in Europe. Our portfolio of high-quality retail property has a value of around £10 billion and includes 23 prime shopping centres, 18 convenient retail parks and investments in 19 premium outlet villages, through our partnership with Value Retail and the VIA Outlets joint venture. Key investments include Bullring, Birmingham, Bicester Village, Oxfordshire, Dundrum Town Centre, Dublin and Les Terrasses du Port, Marseille.

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27/06/2011 22:45

Approval For Hammerson’s London Wall Place Scheme
27 June 2011

The City of London’s Planning and Transportation Committee has today resolved to grant consent for Hammerson’s London Wall Place development.

The 46,450m² (500,000ft²) scheme, designed by MAKE architects, will require the demolition of the St Alphage House tower and podium to make way for two landmark office buildings.

121 London Wall Place, a 27,870m² (300,000ft²) office building adjacent to Moor House, will offer large floor plates providing flexibility to occupiers, and extensive landscaped multi-level roof gardens.

123 London Wall Place, to the west, provides 18,116m² (195,000ft²) of office space in a tower rising to 16 storeys, the same height as neighbouring 5 Aldermanbury Square.

Over half of the site will be open space, with a series of new gardens set around the historic London Wall and St Alphage Church Tower remains. The Barbican’s famous highwalk system will also be retained, allowing easy access to all parts of the City through the creation of new north/south and east/west bridges.

Martin Jepson, Hammerson Managing Director, London Group, commented: “There has been overwhelming recognition from City of London Members of the scheme’s quality and this is a result of our commitment to constantly evolving the design and challenging traditional preconceptions of both the site and occupier’s needs. This is a prime location, where we could achieve completion in 2014 ready for full occupation in 2015. We expect London Wall Place to become a well known City landmark.”

Ian Lomas, Partner for MAKE said: “This is a complex site and the scheme balances the needs of Barbican residents with the reinvigoration of the City. As a practice we are proud of the scheme and are pleased this was approved by the committee.”

Source: hammerson.com