Landsec mixed-use Old Broad Street development green lit

22nd November 2023 | Jack Oliver

Landsec has secured planning permission to redevelop 55 Old Broad Street, EC2, into a mixed-use development.

The City of London Corporation has approved proposals to create an office-led scheme with 15,000 sq ft of retail, food and beverage, and cultural space.

The site sits adjacent to Liverpool Street station, and is located nearby to local amenities including two new cultural venues at 65 Old Broad Street and the listed Victorian Bath House.

Landsec said the development at 55 Old Broad Street is in response to market demand for sustainable workspaces. The building – which will include 270,000 sq ft of office space – is set to be achieve net zero targets in both construction and operation. The plans look to retain as much of the existing site as possible, whilst the finished building will utilise air source heat pumps and operate wholly using renewable energy.

Oliver Knight, head of workplace at Landsec, said: “Demand for modern, sustainable workspace designed with wellbeing in mind is growing and there will be a significant constraint on supply over the coming years as other developers pause projects.

“Alongside modern offices, retail space and greatly improved public realm around the building, this scheme has the opportunity to become a 7-day a week destination – generating long-term value for the City, creating a place where people want to come together to work, create and spend time.”

Last month, Landsec opened its office-led Lucent scheme overlooking Piccadilly Circus, which features 20,000 sq ft of retail and hospitality space including a rooftop restaurant.

Savills and Squarebrook are the leasing agents for the Old Broad Street development.


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