Beltane Asset Management and Angelo Gordon have secured planning permission for the refurbishment and extension of 55 Gresham Street, EC2.
The joint venture partners plan to increase the 85,000 sq ft building to 121,000 sq ft by adding two new floors and extending the existing six floors.
The Fletcher Priest-designed scheme involves in-filling the atrium, creating a new ninth floor terrace and introducing a new main office entrance on the corner of Gresham Street and Wood Street.
Beltane co-founding partner Jonathan Chenery said: “This scheme will create a new corporate headquarters building in one of the City’s most prestigious locations close to the Bank of England, with iconic views of London from the new roof terrace. Construction is expected to begin in April of next year with practical completion due in the last quarter of 2017.”
Gerald Eve advised on planning. Cushman & Wakefield and JLL are joint letting agents.
