New London landmark gets approval
 Planning approval has been given for a new London
landmark office building. The 90 metre glass and steel
tower, designed by architects Foggo Associates, will be
developed at 60-70 St Mary Axe in the heart of the City
of London. Targetfollow, the developer, is delighted to
confirm that the City Corporation have supported the
development proposals with a resolution to grant
planning approval.
The stunning new development with its distinctive semi -
elliptical shape, will add to the views of the City
Skyline and is within close proximity to the Gherkin and
adjacent to the Heron Tower development. This unrivalled
city address is rapidly becoming a pocket for high
quality office properties in the foothills of the
emerging “Eastern Cluster” of major city towers.
Julian Wells, Development Director at Targetfollow,
commented that; "The design is spectacular and highly
distinctive - we think our proposals will greatly add to
the City skyscape. This will be a new landmark building
which sits comfortably within the major tower cluster
that is starting to take shape in this part of the City
of London.
We are very excited about this development particularly
with its use of low carbon solutions and harnessing of
solar and thermal energy. The design will maximise good
natural light and will also make a contribution to
improved public realm around the new building.”
The new 24 storey building will offer top quality office
accommodation together with ground floor retail space.
The layout and size of the office floor plates have been
carefully considered to provide appropriate space either
for multi-let use or as a corporate headquarters for a
single occupier. The building has flexible floor plates
ranging from 5,000 to 17,000 sq ft, totalling 300,000 sq
ft net area.
The new building has been sensitively designed to
preserve sightlines of the Tower of London resulting in
a maximum height limit of 90 metres. The form is based
upon a solid arch which not only reduces the mass of the
building but also allows for the lower levels to reduce
inwards. This enables an improved public realm to the
base of the building and the introduction of new trees
along both Houndsditch and Bevis Marks.
The vertical blades wrapping the curved facades of the
building maximise the form of the design architecturally
and in addition will ensure good natural light
penetration to the office floors while minimising solar
gain. When this external feature is combined with the
technology of photovoltaic panels, thermal energy
retaining piles and boreholes (BTES) the scheme will
deliver an impressive low carbon solution and will
achieve BREEAM excellence.
The next phase of the project will be to finalise
working relationships with landowners, secure financing
for the development and satisfy the planning conditions
and S106 discussions. The actual start of the
development work will be subject to concluding these
matters and to an improving city office market.
Andy Lowe of DTZ, Development and Agency consultants for
the project, commented in relation to concerns about the
credit crunch; “The start of the next development cycle
may be two or three years away but the quality of this
scheme will ensure that it stays ahead of the
competition.”
The building already has the nickname of “the Can of
Ham”. Julian Wells commented; “I think we’re quite
enjoying it – these new buildings are often given a
nickname and it shows that the design has already
captured the publics’ imagination.”
Targetfollow own the freehold of 70 St Mary Axe and have
received full support to the proposal from the
neighbouring owners of 60 St Mary Axe.
Email:
John.Stanford@targetfollow.com
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