Former BT HQ building at 81 Newgate Street in London EC1.

Former BT HQ building at 81 Newgate Street in London EC1.

November 2019
View to BT Centre at 81 Newgate Street from St Martin's le Grand in the City of London EC2

View to BT Centre at 81 Newgate Street from St Martin's le Grand in the City of London EC2

17.4.2012
Global headquarters of BT Group at 81 Newgate Street. St Paul's on the background.

Global headquarters of BT Group at 81 Newgate Street. St Paul's on the background.

17.4.2012
81 Newgate Street in 2011

81 Newgate Street in 2011

19th October 2011
81 Newgate Street building

81 Newgate Street building

19th October 2011

81 Newgate Street

Address:
81 Newgate Street, London EC1A 7AJ
Type:
Commercial
Viewed:
7064

Description of 81 Newgate Street

81 Newgate Street is a mixed-use development in the City of London EC2.

The scheme will provide more than 67,500m2 of flexible office space, retail and leisure spaces, publicly and privately accessible roof terraces and a rooftop restaurant.

There will be a public walkway through the building improving pedestrian mobility at the St Paul’s Cathedral area.

The existing 10-storey BT Centre is the former British Telecom's headquarters building with ca 47,905m2 of office floorspace.

Planning History

2020 June - Plans approved by the City of London for the part refurbishment and part demolition, excavation and redevelopment involving the erection of an additional four storeys to provide a ground plus 13-storey building with a publicly accessible route through the site, incorporating gym and swimming pool (Use Class D2) at basement levels, gym and flexible floor area uses (Use Classes A1-A5, B1, D2) at basement level, retail (A1-A5) at ground floor level with access to offices and rooftop restaurant and public viewing gallery, office accommodation (Use Class B1a) from levels 1-13, roof top restaurant (Use Class A3) and publicly and privately accessible roof terraces, landscaping and other associated works. Architect: Kohn Pedersen Fox. A development by Orion Capital Managers and Pella Real Estate Partners. Ref. no. 20/00311/FULMAJ.

2019 August - Orion acquired 81 Newgate Street from BT for £209.6 million in August 2019.

Connected Companies

Asset Manager:
Planning Consultant:

Transport

The nearest tube, train and bus stations.
St. Paul's Underground Station - 1 min. walking / 40 metres
Central
St Paul's Station
100, 4, 76, 25, 521, 56, 8, N242, N25, N8

News: (2)

Redevelopment Plans Approved

The City of London Corporation has approved the transformation of the former BT HQ building.

The Planning and Transportation Committee approved a planning application (20/00311/FULMAJ) to reimagine an existing building on Newgate Street, adding an additional four storeys to the current structure and re-using the granite and Portland Stone façade.

The mixed-use scheme will provide more than 67,500m2 of flexible office space, retail and leisure spaces, publicly and privately accessible roof terraces and a rooftop restaurant.

There will be a public walkway through the building improving pedestrian mobility at St Paul’s Cathedral.

The building will host several new urban greening measures such as green walls, green roofs, stepped garden terraces and the planting of 65 new trees. The development also re-uses the existing building structure in a sustainable manner.

The scheme exceeds the Mayor of London’s draft London Plan target Urban Greening Factor (UGF) score of 0.3 for commercial developments with an estimated UGF of 0.377

Alastair Moss, Chair of the Planning and Transportation Committee at the City of London Corporation, commented: “This striking development offers significant enhancement to the gateway of Culture Mile, a vibrant cultural and creative area between Farringdon and Moorgate, and it enriches the King Edward Street view of the iconic St Paul’s Cathedral.

“Not only will the development improve aesthetics in the area, but the urban greening of this development offers many environmental benefits such as reducing pollution, absorbing sound and reducing flood risk.”

As the draft City Plan 2036 states, all developments and refurbishments are required to include a greening element to the building or public realm to contribute to improving biodiversity, rainwater run-off, air and noise pollution, temperature regulation and making the City a more visually desirable business location.

30/06/2020 11:50 by Buildington

BT Group has announced the sale of its Newgate Street headquarters to a fund managed by European private equity firm Orion Capital Managers for £209.6 million.

18/07/2019 06:29 by Buildington

*DISCLAIMER! Information on this page is for guidance only and remains subject to change. Buildington does not sell or let this property. For more information about this property please register your interest on the original website or get in touch with the Connected Companies.

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