Developer Mitsubishi Estate London, construction manager Lendlease and development manager Stanhope have broken ground on the 50-storey tower development at 8 Bishopsgate in the City of London.

Last autumn, the City of London Corporation gave approval to the revised tower plan. Since the revised plans, site clearance work has been underway.

The site will feature 560,000ft² of prime office space, retail units on the ground floor and a public viewing gallery at its summit.

Construction work on the £300m project is slated to complete in late 2022.

“The ground-breaking underlines our ongoing confidence in the City of London’s position at the forefront of international commerce.”

Mitsubishi Estate London CEO and managing director Yuichiro Shioda said: “This long-term project is a key strategic investment for Mitsubishi Estate London, and the ground-breaking underlines our ongoing confidence in the City of London’s position at the forefront of international commerce.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“The tower will be a landmark scheme for the Square Mile, and we anticipate significant interest from occupiers attracted by the development’s unrivalled location, distinctive design and high-quality space.”

Stanhope chief executive David Camp said: “We are delighted to be continuing our partnership with Mitsubishi Estate on this striking landmark building for London. 8 Bishopsgate will deliver the next generation of office building that will improve occupier experience and attract high-quality occupiers from within and outside of the City of London.”

For the project, Alinea is the cost consultant, Arup is the structural and MEP engineer, WilkinsonEyre is the architect, Gerald Eve is planning adviser.