Artist impression of 75 London Wall.
LONDON: In a joint venture with Castleforge, Gamuda has received approval for the redevelopment of 75 London Wall, increasing building capacity by 40% to 688,000 sq ft. The office development will retain 89% of the existing built fabric, including the existing facades on the lower levels.
“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: Transforming it into a premium, sustainable office space. This approval signifies a key milestone in the project's development. It also further solidifies Gamuda’s presence in the UK property development market, where it aims to build a regional portfolio of real estate projects with high rates of return,” Gamuda Land chief executive officer Chu Wai Lune said.
New commercial units will be available on the ground floor with a cultural forum space for events, performances and public speaking. There will also be a green venue to enhance the pedestrian route, designed by Andy Sturgeon Design.
“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 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,” Castleforge founding partner Michael Kovacs said.
Gamuda and Castleforge’s vision for the site is informed by their internal research, showing a demand for new office space with luxury amenities in prime locations. Their research also showed a demand for flexible office spaces which allow shorter leases and provide hospitality for small and medium-sized companies.
The full redevelopment is anticipated to be delivered by Q3 2027.
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