Castleforge and Gamuda gain consent for 75 London Wall revamp

Real estate investors Gamuda Berhad and Castleforge Partners have secured planning approval for a major redevelopment of Deutsche Bank’s former UK HQ at 75 London Wall, formerly known as Winchester House, EC2. The City of London has given full consent for an “ESG-inspired redevelopment”. The grade A-plus scheme will target BREEAM Outstanding, WELL Core Platinum and NABERS UK 5 Star Design for Performance ratings. It also seeks to minimise whole-life carbon emissions, retaining 89% of existing built fabric. Proposals also include a venue for events, performances and public speaking, and a public green space. The plans, developed by London-based architect Orms, will increase the building’s capacity by 40% to 688,000 sq ft. Multiplex has been selected as the preferred main contractor. The full redevelopment is expected to be delivered by Q3 2027. The joint venture between Gamuda Berhad and Castleforge bought the property last year for £257m, with Gamuda owning 75%. Deutsche Bank’s lease expired in April this year. Michael Kovacs, founding partner at Castleforge, said: “In order to bring workers back into the office, occupiers will increasingly look for spaces that set them apart from their competitors. We never bought the idea that office working was ‘dead’ and so it is proving as people flock back to central London. “The planned refurbishment of 75 London Wall will create best-in-class office spaces, in a top location with the significant amenities blue chip companies now demand for their people. “The building will also set a new standard for sustainability in London office space, making a lease here a win for the planet and a win for occupiers’ ESG strategies.” Chu Wai Lune, chief executive of Gamuda Land, said: “The granting of full planning consent marks a significant step forward for 75 London Wall. Construction can now begin, allowing Gamuda and Castleforge to realise our vision for the site: bringing to life sustainable office space that sets a new standard for grade A-plus in London, as a gateway city to the world. This approval signifies a key milestone in the project’s development. “It also further solidifies Gamuda’s presence in the UK property market, where we aim to build a portfolio of real estate investments that deliver compelling returns for our shareholders.” View office availabilities in EC2 >>