LaSalle confirms redevelopment of London Wall
LONDON (July 26, 2017) — LaSalle and Citygrove Securities PLC are delighted to announce that they have finalised their planning consent with the City of London for the redevelopment of 60 London Wall in London EC2.
The property will provide 325,000 sq ft of prime Grade A office space over ten floors and a newly reconfigured ground floor retail offering totalling 20,000 sq ft. The office floors will range from 18,000 sq ft to 40,000 sq ft, with 21,000 sq ft of terraces over the five upper floors. Overall the new development will offer 30 per cent more floor accommodation than the existing building.
60 London Wall is located in the heart of the City of London within a five minute walk of Moorgate, Liverpool Street and Bank stations, which together offer connections to six underground lines and the Docklands Light Railway. It will benefit from the opening of Crossrail / Elizabeth Line in 2018 with the new east ticket hall situated just 150m from the building and interchanges at Liverpool Street and Moorgate offering rapid links to Heathrow Airport and Canary Wharf.
Skanska, one of the World’s leading project development and construction companies has been appointed as the main contractor following a detailed tender process with completion targeted for Q4 2019 / Q1 2020
The project team, including EPR Architects have created an exciting, contemporary design to deliver flexible workspace that is complementary to the Bank Conservation Area. The design team are targeting WELL Being Gold and BREEAM Excellent, reflecting the increasing importance investors and occupiers place on the workplace and its design characteristics.
Gary Moore, Head of International Accounts, LaSalle Investment Management: “The team have created a first class design, both internally and externally, with the upper floors having exceptional terracing which is rare in such a core City location. Our clients are very committed to the project and we look forward to working with Skanska and the professional team to complete the building”
Knight Frank and JLL are instructed as office leasing agents.
About LaSalle Investment Management
LaSalle Investment Management, Inc. (together with its global investment advisory affiliates, “LaSalle”) is one of the world’s leading real estate investment managers. LaSalle on a global basis manages approximately $60.5 billion as of Q3 2018 of private and public equity and private debt investments. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. LaSalle Investment Management, Inc. is a wholly-owned, operationally independent subsidiary of Jones Lang LaSalle Incorporated (NYSE: JLL), one of the world’s largest real estate companies. For more information please visit www.lasalle.com.
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