A 73-storey skyscraper on Undershaft in London has been given planning approval by the City of London Corporation. The building, named after its street address 1 Undershaft will span over 300 metres and include a free public viewing gallery and what is thought to be London’s highest restaurant.
Work is expected to be completed in 2020, as the Aviva Tower, which currently stands at the location, is demolished and rebuilt by Singapore developer Aroland Holdings, using designs by architect Eric Parry.
Chris Hayward, chairman of the City of London Corporation’s Planning and Transportation Committee, said: “I’m delighted that we have approved 1 Undershaft. It is a truly unique building that fits in well with the City’s history, as well as our future ambitions for growth.
“Over the next 30 years I expect that we will need to deliver office space for more than 50,000 extra workers within the Square Mile, and this development is important in reaching that end goal. This development shows the high levels of investor confidence in London’s status as a global city following our decision to leave the European Union.
“I believe this building will play an important part in increasing London’s attraction as the world’s leading financial centre.”