Major £500m development for London

Landsec has put forward plans to build an office-led building near Liverpool Street station. 

The property developer is planning to demolish 55 Old Broad Street, its connected link bridge over Wormwood Street, and the southern and northern ends of 65 Old Broad Street, according to Construction Enquirer. 

Fletcher Priest Architects designed the the mixed-use structure, which will include a 23-storey office building along Wormwood Street, and a five-storey building on its left along Old Broad Street. 

Landsec expects the City of London’s planning committee to review the plan by the end of the year.

With approval, demolition will start in Q1 2025, and construction will take just under four years to complete.

Inside the scheme 

Landsec acquired the location in 2020 for £89 million from PGIM Real Estate. 

Spanning around 44,600 sqm, the new development will provide more than 360 sqm of maker space and affordable studios for public use. 

Alongside construction, Landsec also plan to renovate the listed Bath House on the site.

The building currently serves as creative space for the local community, with frequent engagement events.  

The firm has been working with BAM on demolition and construction planning since before the proposal was submitted. 

Overall, Landsec’s design team includes: 

• Atelier Ten: M&E consultant. 
• Heyne Tillett Steel: structure and civil engineering consultant. 
• Turner & Townsend: project manager. 

Social value

Additionally, the structure was designed to be low-carbon, with Landsec using a sustainable procurement process to reduce emissions across the construction process.

Landsec has collaborated with around 400 people in the local area on the shaping of the plan through consultation workshop events.

Oliver Hunt, development director at Landsec, said: “When reimagining 55 Old Broad Street, we turned the traditional approach on its head.

“Alongside modern offices, retail space and greatly improved public realm around the building, we want to seize the chance to create a true 7-day a week destination – one that gives talented creatives space to flourish, and generates long-term positive impact for the area.”

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