Singapore property developer Aroland Holdings has been granted planning permission for a 73-storey skyscraper in the City of London, dubbed 'The Trellis' for its crossbrace facade.
At around 290 metres tall, 1 Undershaft will be the largest structure in the City and the second-tallest in London - dwarfed only by The Shard, at 306 metres.
The skyscraper will be built on the site of the Aviva Tower, which will be demolished towards the end of the decade after the current tenants have vacated the property.
The Trellis will deliver 90,000 m2 of commercial space for Aroland, which first unveiled plans for the tower last year.
Designed by Eric Parry Architects, the plans include nearly 2000 m2 of retail space as well as offices for around 10,000 workers, plus a top floor public viewing gallery.
'It is a vote of confidence in the City of London; 1 Undershaft will crown the cluster of tall buildings and will be a tower London can be truly proud of,' said Parry after planning permission was confirmed.
The scheme is not expected to complete before the 2020s, due to the complexity of the operation.
Located in the financial district, next to the Gherkin and the Cheesegrater, it will also stand 16 metres taller than AXA IM's forthcoming 22 Bishopsgate tower.
The French insurer's skyscraper, which should reach 64 storeys, is due for delivery in 2019.
