AXA IM Alts said on Monday that it has appointed Multiplex to commence construction at its 650,000 ft2 Fifty Fenchurch Street workplace development in the City of London, which is expected to be one of the lowest carbon and most biodiverse high-rise towers in the UK.
This follows the completion of the enabling works in May by Keltbray, who will also carry out piling and excavation. As a result, construction of the development will start this summer and is expected to complete in 2028.
In addition to Multiplex, AXA IM Alts, together with YardNine as development delivery partner, has hired Parry Architects, Adamson Associates and Arup to deliver the 36-storey building.
Landscaped gardens at ground and level 10 will be complemented by more than 40 occupier terraces that will bring over 70 different species of plant life to the site. The building will integrate nature with smart technology and purposeful design to create a future focussed building, the landlord said.
The development will target BREEAM Outstanding and net zero in operation.
Rob Samuel, UK head of Development at AXA IM Alts, said: 'Commencing construction with Multiplex marks a significant milestone in the realisation of what we believe is a one-of-a-kind development in the City of London. In addition to helping satisfy the significant demand for the first class and sustainable office accommodation that is a must have for occupiers, Fifty Fenchurch will bring extensive urban greening and landscaped gardens to the Square Mile.'
