The City of London Corporation has received plans for one of London’s tallest skyscrapers, set to rival the Shard. The Founder of the world’s largest palm oil company, Wilmar International, has bought the Number One, Undershaft site in anticipation of demolishing the Aviva Tower and neighbouring buildings in order to make room for the London office space project.
The 304m building would stretch higher than 22 Bishopgate – itself only set t0 reach 288m. However, the stalled Pinnacle build originally put forward plans for a 307m tall building, which were then denied planning approval. Concerns put forward by the Civil Aviation Authority denied consent of the original height, raising queries as to how much vertical space the Number One project will be granted.
Architect Eric Parry is said to be leading the project, and has only recently finished the Green Properties office building at St James’ Square – achieving record rents in April.
Nephew of Malaysian billionaire Robert Kuok and founder and chief executive of Wilmar International, Singaporean businessman Kuok Hong Khoon, purchased the Aviva site with Chinese Indonesian businessman Martua Sitorus.
Concerns have been raised on the impact on London’s skyline and the Tower of London due to the size of the build.
By: Kirsty MacGregor
News bought to you from DeVono Cresa, the award-winning commercial property advisers, specialising in Central London office, retail and leisure space.