The Nicholas Grimshaw-designed building will be 516 ft high, making it slightly lower than the NatWest Tower and the new Swiss Re building, but its floorplates are much larger - averaging 32,000 sf each - giving a total net lettable floor area of 1.1 million sf. There will also be 19,000 sq ft of new retail space and a 17,000 sq ft roof top restaurant.

Minerva Chief Executive Andrew Rosenfeld said: 'This will be a world class building in a world class location. The building has been designed by one of Britain's leading architects and is precisely what the City needs in order to attract major international occupiers.'

Rosenfield said the site is fully vacant so development could begin immediately upon receipt of planning consent.

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