Approval Secured for 54-Storey Tower at 99 Bishopsgate

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03 February 2025

Brookfield Properties has secured approval from The City of London’s Planning Committee for a 54-storey tower at 99 Bishopsgate.

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99 Bishopsgate will become one of the tallest towers in the Square Mile and provide more than 8 per cent of the proposed City Plan target of an additional minimum of 1.2m sqm of office floorspace by 2040.

The latest addition to the City of London Cluster is situated just outside Liverpool Street Station. Designed by RSHP, the building will retain its existing foundations, which make up nearly 50 per cent of the building's mass. The design also includes new pedestrian routes to link up to 55 Bishopsgate, 55 Old Broad Street and Liverpool Street Station.

Picture: a CGI showing the exterior of the development, including Open Gate, the pavilion arts space. Image Credit: Brookfield Properties 

Additionally, a new pavilion space is set to be occupied by Intermission Youth, a theatre group that uses Shakespeare to empower underrepresented voices and foster inclusivity in the arts. 

Dan Scanlon, President at Brookfield Properties, said: “We are delighted with today’s decision from the City of London to approve our plans for 99 Bishopsgate, affirming our continued commitment to invest and develop in the City.

“Our proposals for 99 Bishopsgate will be transformational,  delivering a scheme of exceptional design quality which aptly combines best-in-class office space with newly created pedestrian routes and significant public and cultural amenity.

“As the demand for high quality commercial space intensifies, we look forward to delivering 1 million sq ft of desirable, well-being focussed office space to support employment growth in London’s globally competitive financial district. We are also particularly pleased that our ongoing engagement with young creatives has culminated in a cultural offer that is unique in the City and will deliver wide-ranging benefits for diverse groups, helping to change perceptions and attract new audiences to the City.”

Chair of the City of London Corporation’s Planning and Transportation Committee, Shravan Joshi, added: “A much-needed office development has been approved in the City of London and it speaks to the confidence that global investors have in the local real estate market, as well as the UK economy, more widely.”

“The 99 Bishopsgate scheme will also give the Square Mile one of the largest public realm upgrades from a single planning application, in recent history, increasing the ‘walkability’ of the City, so that it becomes a safer and more pleasant place to travel through.”

Picture: a CGI showing the reimagined City of Lonon skyline with the addition of 99 Bishopsgate. Image Credit: Brookfield Properties 

Article written by Ella Tansley | Published 03 February 2025

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