Japan’s Obayashi Corporation and developer Sellar have begun a public consultation on proposals to deliver a landmark sustainable office building at 60 Gracechurch Street, EC3.
The 130,000 sq ft building is on the western boundary of the City cluster of tall buildings in the Square Mile’s financial district.
The development aims to deliver offices with a high sustainability credentials that meet demand for high-quality workspace. This will include focus on collaboration, health and well-being to enable businesses to attract and retain talent.
The duo plans to begin the redevelopment once vacant possession is secured in 2026, subject to planning consent.
OPUK, Obayashi’s UK subsidiary, acquired 60 Gracechurch Street in March last year from KGAL. It also owns Bracken House and a majority stake in 20 Gracechurch Street.
Danish architectural practice 3XN is leading the design of the scheme.
Bruce McAra of Obayashi Properties UK said: “Having recently completed a full refurbishment of Bracken House in 2019, we are pleased to continue our investment in particularly in the City with the development of 60 Gracechurch Street. Working with Sellar we have assembled a world class team to deliver our aspiration for an exemplar commercial building that contributes to the evolving City cluster.”
Sellar chief executive James Sellar said: “With Obayashi, we share a commitment to delivering one of the most sustainable landmark commercial buildings in the Square Mile, with environmental and wellness credentials that outperform the rest of the City cluster.
“Our aim is to create a building with spaces that suit the requirements of modern occupiers, which is essential to attract leading businesses and ensuring London maintain its status as a world-class city. We look forward to working with the City of London Corporation and other local stakeholders on the next stages of this exciting project.”
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