Railpen has secured planning consent for the comprehensive redevelopment of 12 Smithfield in the City of London.
The consented scheme, which is due to complete in Q4 2028, will reposition the existing building as a best-in-class, sustainable workspace, providing more than 122,000 sq ft of office and amenity space.
Designed by Henley Halebrown, the scheme will retain and upgrade the existing structure while introducing a new façade, expanded public realm and enhanced environmental performance. Railpen is targeting BREEAM Outstanding, EPC A, WELL Core Platinum, NABERS UK 5* and net zero carbon in operation ratings for the building.
The development will feature office floorplates of up to 20,000 sq ft across five levels and include more than 9,400 sq ft of private terraces and a rooftop garden, alongside 11,400 sq ft of multifunctional retail, café and amenity space.
Emily Atkinson, UK offices – sector lead at Railpen, said: “Securing planning consent for 12 Smithfield is a significant milestone for Railpen and for the continued evolution of the Smithfield area. As a long-term investor, our approach is to create assets that stand the test of time. The transformation of 12 Smithfield will deliver a high quality HQ workspace for a broad range of potential occupiers, spanning a diverse range of industries including finance, tech, creative and more, with strong amenities and exemplary sustainability credentials, making it a standout addition to our growing London office portfolio.”
Matthew Howard, head of property at Railpen, added: “Railpen continues to invest in repositioning and developing high quality office assets in high growth locations with low levels of best in class supply such as Central London, Birmingham and Cambridge. 12 Smithfield represents exactly the type of long-term, sustainable real estate investment that aligns with our strategy. With its design quality, strong environmental performance and prime micro-location opposite the future London Museum, the building will be a flagship addition to our office portfolio and an important contribution to the next chapter of Smithfield’s regeneration.”
Railpen has appointed JLL and Newmark as leasing agents for the building.
