The City of London has approved plans for a new tower at 99 Bishopsgate, which will replace a 1970s Seifert-designed office block. The new development, consisting of a 53-storey office block and a cultural building, addresses modern office needs for light and comfort, while incorporating sustainable practices by reusing foundations and basements. With the demand for office space surging post-pandemic, availability is critically low, driving up prime rents and prompting a shift from older buildings to contemporary designs.
The new development at 99 Bishopsgate will replace a 1970s office block with a 53-storey tower and a cultural building, enhancing modern office space and amenities.
Developers plan to reuse parts of the existing structure to minimize environmental impact while addressing a strong demand for modern office space in the City of London.
Planning permission was granted due to a significant drop in availability of newly constructed office spaces, leading to a rise in prime rents in the area.
The new building design aims to maximize interior space and pedestrian friendliness, incorporating winter gardens and wider walkways around a striking new office tower.
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