JP Morgan Global Alternatives, the alternative investment arm of JP Morgan Asset Management, has submitted a planning application for the modernisation of Bishops Square and Spitalfields Market.
The proposal seeks to retain and extend the current office building, which will be re-branded as ‘One Spitalfields’, creating a new public access route from Bishops Square through to the market.
The scheme will provide 870,000 ft2 (80,825 m2) of office and retail space, with 70,000 ft2 of new terracing. The Foster & Partners design, targeted for delivery in 2030, will retain 70% of the original building structure and would be one of the largest retention and extension schemes in Europe.
The all-electric building will target 51% lower annual emissions, BREEAM Outstanding and EPC A.
Paul Harris, executive director at JP Morgan Asset Management, commented: 'Following a detailed consultation process with the London Borough of Tower Hamlets and local stakeholders, we are delighted to submit this planning application which seeks to deliver a truly unique global headquarter building, alongside a comprehensive upgrade for Spitalfields Market and new community space.
'We expect the high-quality floorplates, enhanced base build flexibility and 360-degree views to appeal to a wide variety of occupiers seeking new headquarter buildings in the City core.'
