INDUSTRY NEWS

Controversial Moorgate development given the go-ahead

London and South East office space developer Stanhope has been granted planning permission for a large new project at 8 to 10 Moorgate Street.

The 200,000 square foot scheme was initially recommended for approval in September 2008, but was rejected due to a number of questions raised by the the Victorian Society, City Heritage Society and the City of London Historical Society.

Other neighbouring landlords criticised the project – which is located in a conservation area – as an ‘overdevelopment’.

The scheme will require the demolition of a number of buildings to create a single, large building comprising 164,000 square feet of office space, as well as a retail unit and nine flats.

The ‘robust, contemporary design’ will use some of the existing 1920s façade to preserve the original character of the area. Work is expected to start soon and finish by the Spring of 2011.

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