Legal & General Property (L&G) received planning permission this week for a 90,000 m[sup]2[/sup] office and retail development, to be known as 'Walbrook Square', on Queen Victoria street in the heart of London. Designed by architects Atelier Foster Nouvel and to be developed by Stanhope, the scheme was given the green light after the Greater London Authority made changes to the protected sightlines to St Paul’s Cathedral. This allowed L&G to increase the size of the development.
Legal & General Property (L&G) received planning permission this week for a 90,000 m2 office and retail development, to be known as 'Walbrook Square', on Queen Victoria street in the heart of London. Designed by architects Atelier Foster Nouvel and to be developed by Stanhope, the scheme was given the green light after the Greater London Authority made changes to the protected sightlines to St Paul’s Cathedral. This allowed L&G to increase the size of the development.
The development will regenerate an important site on 15,000 m2 of land in the heart of the City of London, next to Bank. It will provide around 81,200 m2 of office space across a 22-storey tower and three other buildings and will incorporate a 8,800 m2 retail and restaurant element. It will also include a new central square and re-open a network of historic routes as pedestrian streets with shops and cafés. Renewable energy technologies will include photovoltaics and ground water cooling, and rainwater harvesting will also be employed. Building is scheduled to start in November, with a first phase to complete in 2011 and a second in 2014.