JP Morgan Asset Management has received planning approval for the retrofit of 65 Gresham Street in the heart of the City of London.
The proposed all-electric office scheme, designed by Squire & Partners, will see the existing EPC C-rated eight-storey building redeveloped, with four new lightweight floors added to deliver more than 36,800 sq m (circa 396,000 sq ft) of Grade A office, retail and ancillary spaces.
The redevelopment will target a 66% whole life carbon reduction, with operational carbon targets 12% lower than the 2022 GLA criteria. More than 70% of the existing building’s structure will be retained, with 95% of materials recycled or reused on site.
Duncan Campbell, director at Atelier Ten, said: “We have worked collaboratively with Squire & Partners, Longevity – who are undertaking the embodied carbon assessment – and the wider project team to develop a whole lifecycle carbon approach which aims to minimise immediate embodied carbon while reducing the operational carbon through the building’s useful life.
“Through the creative reuse of the existing building, we truly believe that 65 Gresham Street will be a world class office building that will deliver everything today’s tenants require in terms of comfort, wellbeing and environmental performance.”
Tim Gledstone, partner at Squire & Partners, added: “Our proposal for 65 Gresham Street represents one of the largest retrofits and grand extensions of an existing building in the City of London. A collaboration between our architecture and interior design teams, we are working with the building’s existing structure and enhancing energy performance to create an inspiring, collaborative workspace with state-of-the-art amenity throughout the whole building which goes above and beyond modern sustainability criteria.
“Located adjacent to the historic Guildhall in one of the world’s leading business destinations, 65 Gresham Street’s new remodelled receptions and retail frontages will fully activate Aldermanbury and create an inclusive and dynamic piece of public realm, contributing to the creation of a vibrant and thriving 24-hour City.”
