A joint venture partnership has been announced to start construction of new green serviced offices in London City at Bevis Marks beside ‘The Gherkin’ tower.
A £115 million joint venture featuring AXA will be completed by 2013 and will house more than 160,000 square feet of prime office space.
AXA Real Estate, the global financial institution, has teamed up with Eurohypo Bank of Germany and the fund manager MGPA to build over 172,000 square feet of environmentally friendly commercial space beside the infamous ‘Gherkin’ tower creating new serviced offices in London City.
The joint venture partners are investing £115 million in the mixed-use property at No.6 Bevis Marks, located at the centre of the City of London insurance district. The building will rise 16 storeys from a plot adjacent to 30 St Mary Axe, the site of the ‘The Gherkin’.
Plans draughted by Fletcher Priest Architects show intentions for 160,000 square feet of prime serviced offices in London City, with a further 12,000 square feet on the ground floor. The City office rental scheme will include a variety of different floor layouts, ranging from 6,000 to 13,000 square feet and the flexible floor plans for the building have been designed to appeal to a single company or be let to several occupiers.
CORE has been brought in to oversee the building work that will be carried out by Skanska, who were recently appointed as the contractors for the new serviced offices in London City.
The green office development is expected to be completed by the end of 2013 and the project’s engineers are hoping to be awarded a BREEAM ‘Excellent’ sustainability rating.
The Bevis Marks tower will boast state of the art sustainable building techniques including a rainwater harvesting system, energy efficient lighting systems and a combined heat and power unit.
Skanska’s regional Managing Director, Paul Heather said of the building: “We look forward to working with Fletcher Priest Architects and Waterman Structures and Services to deliver this BREEAM excellent building during 2013.”