Construction on City skyscraper due to start in 2028 for completion in 2033
The City of London’s planned tallest tower has been renamed with the job expected to appoint a main contractor later this year, the development team has said.
Previously known as 1 Undershaft, the Eric Parry-designed building is now called One London and will be 309.5m tall when finished.
Keltbray has been on site for over a year carrying out strip out work and demolition at the existing building, St Helen’s Tower, a 23-storey block designed in 1969 by GMW Partnership and built by Taylor Woodrow.
The One London scheme is being bankrolled by Aroland Holdings, a consortium of south-east Asian investors, which is being advised by Singaporean developer and funder Perennial Holdings.
The job will be run by Stanhope with construction slated to start in 2028 ahead of completion in 2033.
Stanhope chief executive David Camp said: “With London office take-up at its strongest level since 2019, 70 of 98 major deals last year involving expansion, and vacancy for new City Core space at just 0.3%, the case for delivering the next generation of globally competitive workspace has rarely been clearer.
“London is not short of offices in general. It is short of the very best offices that help businesses attract talent, collaborate and grow.”
The 74-storey scheme has been given a price tag of more than £1bn with the job likely to be let as a construction management deal with expected bidders set to include Mace, Multiplex and Bovis.
One London will include 154,000sq m of office space, a 2,500sq m public garden cantilevered out of the 11th storey and a viewing gallery for the Museum of London on the top two storeys.
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