The planning application for the redevelopment of 55 Gracechurch Street was consented by the City of London Planning & Transportation Committee on Tuesday 26 January 2021.
Commenting on the decision, Patrick Wong, CEO and Founder of Tenacity said:
‘This decision marks a significant milestone for us and reinforces our commitment to the City of London and the future of truly sustainable office buildings in the City.
We have worked closely with the City Corporation over the last number of years to reflect these qualities in our proposals and deliver what we believe will be an outstanding and sustainable addition to the City.
Despite the events of the last twelve months and the changes and challenges that we have all witnessed, Tenacity is quite clear that the era of the office is not over. Far from it. We believe the future is bright for the right kind of space that provides flexibility, puts the needs of the workforce at its core but also engages with the community around it.
The Committee’s decision reinforces that view, and we look forward to working with the City to bring our vision
for 55 Gracechurch Street to fruition.”
Chair of the Planning and Transportation Committee at the City of London Corporation, Alastair Moss, said:
“We remain positive about the long-term future of the City office despite the current lockdown. It is fantastic, therefore, to see this significant vote of confidence from the developers of 55 Gracechurch Street.
The building design embraces emerging development trends, such as flexible workspace, greening and access to fresh air – all of which were rising trends that have now been embedded into building design as a result of the pandemic.
If you would like any further information or to speak to a member of the project team, please contact us: