Tall & Urban News

The 24-story office building proposed for 115-123 Houndsditch in London’s Square Mile, has gained planning approval from the city. It is the seventh major office scheme to gain planning in the City so far this year.

Property developer Brockton Everlast’s 720,000 square foot project will involve a total investment of over £320m (US$429 million).

Demolition of the existing Houndsditch building and archaeological investigation will take around a year, with construction then expected to take three and a half years.

Designed by Allford Hall Monaghan Morris, the project aims to reduce operational carbon emissions by 44 percent, compared to a Building Regulations-compliant building.

It will incorporate thermal stores to retain heat for use during colder months with a heat exchange scheme to share the excess waste heat, which cannot be stored, with the neighboring Middlesex Street Estate.

The development also includes urban greening features including green walls and landscaped terraces and balconies for office occupiers.

Consultant Atelier 10 is investigating the potential for recycling the existing building’s steelwork frame and processing clean concrete back to aggregate for concrete construction.

For more on this story, go to Construction Enquirer.