Henderson Global Investors has secured a resolution to grant planning permission from the City of London for its impressive £400m ‘Gotham City’ scheme at 40 Leadenhall Street.
The exciting, high quality building is located in the heart of the City’s Eastern Cluster of tall buildings. It will vary in height between 7 and 34 office storeys, with two additional basement levels, a roof level plant, a flexible retail/cafe and restaurant uses at ground floor level and café/restaurant with roof terrace overlooking Fenchurch Street. The total size of the building is 910,000 sq ft, split between 890,000 sq ft office and c. 20,000 sq ft retail.
The building is located in the City of London’s established and dynamic insurance district of EC3. A grade II listed building at 19-21 Billiter Street, built in 1865, will be restored and integrated into the proposed scheme. It is estimated that 390 construction jobs will be created on the site and approximately 7,000 people are expected to work in the building when complete.
Henderson acquired the ‘Leadenhall Triangle’ site on behalf of clients in May 2011. Its Central London Office team currently owns c£900 million of assets across the main sub-markets of Central London. Its standing investment portfolio extends to 2 million sq ft of office accommodation and its development portfolio provides for a further 850,000 sq ft. The team has a strong track record in the delivery of high quality schemes in the London market.