Planning approval was awarded to Royal London Asset Management for a £200m office project next to Holborn Viaduct in the City of London. The office project which measures 36,000 sq m is designed by PLP Architecture and will lead to demolition of three structures retaining the foundation to reduce the project’s carbon footprint. Planners in City of London backed the project which will rise 12 floors on Farringdon Street and 10 floors tall on Holborn Viaduct.
The Holborn Viaduct office project becomes the eighth major office project to receive planning in the City this year, bringing a growing momentum for a new wave of major building developments post-pandemic. The Royal London Asset Management project will be seeking a BREEAM Outstanding and while reusing existing building materials from the demolished building while targeting to replace almost a third of cement-based materials with low carbon alternatives on the construction. A modern publicly accessible step-free lift will be moving people between the lower Farringdon Street and the Holborn Viaduct. The development is set to create an average of around 450 jobs per year during the three-year construction period.
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BREEAM outstanding structures for The Royal London Asset Management.
The project also supports sustainable travel having 499 long-stay and additional 34 short-stay cycle parking areas. The Royal London Asset Management, Head of Development, Philip Sutton, stated: “We are excited of the planning permission approval. “It is an amazing occasion to redevelop this area of Holborn Viaduct, creating a BREEAM Outstanding structures which makes an important contribution to the greater public realm.
“The Holborn Viaduct office project will strengthen London’s reputation as a global business centre, offering quality commercial area that prioritizes wellness and future ways of working, whilst also strengthening the market leading sustainability standards.” Royal London Asset Management (RLAM) was founded in 1988 as a in-house asset management business for a small mutual life insurance company. It has later grown become important parts of the relative sectors in the UK financial services industry.
