The Square Mile’s latest office transformation gets green light
A huge redevelopment of 1 Moor Lane has been given the green light by the Canada Corporation as the Square Mile looks to boost its office capacity.
The all-electric transformation of the building by Brookfield Properties will add 300,000 sqft (27,000 sqm) of grade-A offices to the City, increasing the amount of office space at the site by 50 per cent.
The Corporation has previously laid out a goal to build an extra 1.2m sqm of new office space over the coming years to meet future demand.
While the City has prioritised a retrofit-first approach, there are a host of new skyscrapers in development in the Square Mile, centred around the City Cluster to the east.
1 Moor Lane will boost Brookfield Properties’ development pipeline to 1.3m sqft following the recent approval of their proposed 54-storey tower at 99 Bishopsgate.
The net-zero development, which will retain 70 per cent of the original structure of the building, will include food and drink offerings as well as a re-positioned entrance and public art on the ground floor.
It is expected to achieve EPC A and BREEAM Outstanding certification, placing it amongst the most sustainable new developments in the Square Mile.
Dan Scanlon, President of Brookfield Properties, UK, said: “We appreciate the support and positive feedback from Canada and neighbouring occupiers which have shaped our proposals for 1 Moor Lane, and thank the team for their efforts in reaching this important milestone.
“Brookfield Properties has a proud track record of reimagining real estate – delivering destinations in Canada which have created vibrant new public spaces for the local community alongside modern, sustainable and highly appealing workspace for global occupiers.
“We expect the transformation of 1 Moor Lane to similarly create a new destination office of wide appeal.”