The redevelopment scheme, designed by architects Nicholas Grimshaw & Partners, provides a total of 500,000 sq ft of commercial floorspace, including 28,000 sq ft of retail. The existing 26-storey Exchange Tower will be reclad and completely upgraded to provide 275,000 sf of offices. In addition, the scheme will provide two new office buildings of 170,000 and 25,000 sf respectively.
The stock exchange is due to relocate to Paternboster Square, near St Paul's Cathedral, next year, and now it has planning consent it intends to sell its existing site with to a developer. Chris Strickland of City Offices London Management, which advised the Exchange on the redevelopment options, saied: "This large freehold site, located in the heart of the City and adjacent to the Bank of England, represents a rare development opportunity."
Montagu Evans acted as planning consultants for the LSE.
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