A new office space planning application has been submitted by two property developers. The proposed building will be used to provide commercial office space for more than 5,000 UBS employees.
Developers, British Land Company PLC and the Blackstone Group have jointly put forward the scheme at 5 Broadgate. The building will consist of over 700,000 square feet of office space, and stand at 12 storey’s high.
The new building serves to further build on British Land’s office complex. Chief executive of the property development company Chris Grigg stated that “The City must be able to meet not only the current needs of its key occupiers but also their future needs. Providing sustainable, flexible, and attractive floor space to the financial industry will drive the UK economy’s recovery from recession”
British Land is working to achieve the high levels of sustainability needed for a high BREEAM rating. The firm is incorporating several innovative measures into the building in aim to build an environmentally friendly office space. Solar thermal and photovoltaic panels will be installed to reduce the building’s reliance on fossil fuels. Water consumption will be reduced by a rain water harvesting system, as well as this, the building will incorporate terraces and green roofs in an effort to increase biodiversity.
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