Developer British Land and Singapore-based sovereign wealth fund GIC have secured planning consent for the construction of a new office tower in London, UK.
The new tower forms part of the four-block redevelopment scheme that will replace the investment bank UBS headquarters in London.
The mixed-use project, to be located at 2 and 3 Finsbury Avenue, will offer about 51,000sq m of office space across the four buildings — the tallest of which will have 32 storeys — and will be able to accommodate up to 5,000 employees.
It will also include ground floor retail, a restaurant, a café, a roof terrace at level 13 and event space.
Robert Samuel, head of office development at British Land, said: “We are delighted that the City of London has resolved to grant planning permission for 2 and 3 Finsbury Avenue Square as part of the future transformation of Broadgate as an integrated piece of the city.
“It has a diversity of uses, responding to evolving occupier needs and provides a unique blend of public spaces, restaurants and shops linking the northern City to Shoreditch and Tech City.”
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