Squarepoint, a global investment management firm, has agreed terms to pre-let the entire building at 65 Gresham Street for its London office. The building comprises of 400,000 square feet and is being developed by institutional investors advised by J.P. Morgan Asset Management. The Squire & Partners designed landmark building is currently under comprehensive redevelopment, with completion due in 2028.
The scheme received planning approval in January 2024, and upon completion, 65 Gresham Street will be one of the largest building reuse projects in the City of London, avoiding demolition through large scale reuse and regeneration. The all-electric office building will target a 66% whole life carbon reduction and operational carbon at 12% lower than the 2022 GLA criteria.
The exemplary retrofit will benefit significantly from enhanced environmental performance along with new F&B amenities fronting Aldermanbury which is to be pedestrianised. The building, which includes an extension of the existing structure to create the new office scheme, will have 4 new floors, 26,000 sq ft of roof terraces, with 360° views of the City of London landmarks, and best-in-class end-of-trip facilities. Perfectly located in the Heart of the City, in close proximity to the numerous retail, cafes and within 5 minutes of the Elizabeth Line.
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