Hertshten Properties’ 85 Gracechurch Street office development in the City of London was one of the big winners at the MIPIM Awards 2026.
The development, which was designed by Woods Bagot and secured planning consent last year, clinched the best new development prize at the awards.
Ron Hertshten, CEO of Hertshten Properties UK, said: “85 Gracechurch Street is a very special building, and we are thrilled that it has been recognized with the Best New Development Award at MIPIM. The project brings together outstanding modern workspace with one of the most historically significant sites in the City of London. Hertshten Properties is proud to be delivering a development that will set a new benchmark for quality, experience, and connection to the City’s heritage.”
James Taylor, principal and London studio chair for Woods Bagot, said: “85 Gracechurch Street is designed to appeal to and create a diverse community as part of its vision to create a destination with a generous public spirit for generations to come. The scheme is an innovative example of how a commercial project with a bold vision and commitment can unlock and create public value, so it’s fantastic that it has received such acclaim by winning Best New Development at this year’s MIPIM Awards.”
Véronique Bédague, MIPIM Awards jury chairman, said: “The jury warmly congratulates all the winners of this year’s MIPIM Awards. We saw a clear shift in how the industry is thinking: projects that prioritise transformation, embed sustainability and circularity from the outset, and place genuine community benefit at their core. “Many also drew deeply on local identity, proving that development rooted in context can still be bold, contemporary and ambitious. They set a higher benchmark for the MIPIM Awards and reinforce the awards’ role in shaping the trends that drive more resilient, inclusive and inspiring places across the industry.”
Nicolas Boffi, MIPIM director, added: “All of the projects submitted for this year’s awards demonstrate the industry’s outstanding commitment to developing and reimagining real estate across the world that will have a lasting impact on cities and communities for generations to come. This year’s winners represent new building techniques, the growing practice of adaptive reuse and the power of civic identity when applied to design. All of which serve as impressive examples of where the industry is headed.”
MIPIM Awards 2026 winners:
Best conversion project: BPM, Paris, France
Best cultural, sports & education project: Sydney Fish Market, Sydney, Australia
Best hospitality, tourism & leisure project: Populus, Denver, United States
Best industrial & logistics project: BESTSELLER Logistics Center West, Lelystad, The Netherlands
Best mixed-use project: La Fondation, Paris, France
Best residential project: Home.Earth Nærheden, Copenhagen, Denmark
Best urban regeneration project: Nordhavn, Copenhagen, Denmark
Best workplace experience: 25, Avenue Matignon – AXA IM Alts, Paris, France
Best new development: 85 Gracechurch Street, London, UK
Best new mega development: MARAEY RIO DE JANEIRO, Maricá, Brazil
Special jury awards: Sydney Fish Market, Sydney, Australia
