CBRE Investment Management (CBRE IM) has been given the green light for the refurbishment of 10 Gresham Street in the City of London.
The Foster + Partners designed building has been reimagined by Gensler to deliver 145,000 sq ft of Grade A office space with a 5,146 sq ft roof terrace.
The refurbishment will recycle and repurpose materials and preserve the original structure and facade to create a net zero emission building in operation. Upon completion, CBRE IM hopes the refurbishment will achieve BREEAM Outstanding and WELL Platinum ratings.
Matthew Barratt, director and office asset manager at CBRE IM, said: “This is an exciting opportunity to revitalize an iconic office building into super prime office space. In the City of London currently, there’s increasing demand and limited supply of premium-quality, highly sustainable office space focused on employee health and wellbeing. This refurbishment repositions 10 Gresham Street with the aim to meet the demands and expectations of the modern-day occupier.”
Mace has been appointed to undertake the refurbishment and will commence construction in Q4 2023 with completion forecast in Q1 2025. Knight Frank and Cushman & Wakefield have been appointed as joint leasing agents.
