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Mitsubishi Estate and Stanhope 40-storey tower to add to City's eastern cluster

A new 40-storey office in the City of London’s eastern cluster has been approved today.

Mitsubishi Estate London has received planning permission from the City Of London Corporation for the office-led, mixed-use tower, which will have a public-access viewing gallery at level 40.

The 71,510 sq m building, for which Stanhope is development manager, is a series of stacked blocks, designed by Wilkinson Eyre Architects.

The client said it would exceed the threshold for the BREEAM NC 2014 ‘Excellent’ rating.

Managing director and CEO of Mitsubishi Estate London, Naoki Umeda, said: “I would like to thank the City Corporation planning team for their assistance and efficiency in processing this application. We have really valued the open and collaborative approach from the City.

“This project is a major investment, signalling Mitsubishi Estate’s confidence in the City of London as a world financial centre. We are delighted that we will now be able to deliver a striking landmark building for London that will further enhance its global appeal.”

Stanhope chief executive David Camp said: “We are delighted to continue our long-term association with Mitsubishi Estate. We’d like to pay tribute to everyone in the design and planning team for their role in the achievement of today’s result.”

Gerald Eve advised on planning, Arup is the structural and services engineer and Alinea is the cost consultant.

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