trending Market Intelligence /marketintelligence/en/news-insights/trending/ni4y4GbsZkOtHlCKRdfqPA2 content esgSubNav
In This List

Mitsubishi Estate unit, Stanhope amend plans for London office building

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Real Estate News & Analysis: May Edition


Mitsubishi Estate unit, Stanhope amend plans for London office building

Mitsubishi Estate Co. Ltd.'s Mitsubishi Estate London and Stanhope have revised their plans for the so-called Prussian Blue skyscraper in London by adding 10 more floors to the original blueprint, following the city's planning approval for similar projects, the London Evening Standard reported.

The City of London Corp. granted the green light to the two companies for the plans for the office development in August 2015.

The approval for several projects at 1 Undershaft, 22 Bishopsgate and 1 Leadenhall Court encouraged the duo to increase the height of the office building, which will reach a height of 220 meters. The addition of the 10 floors extended the planned building's height by 35 meters. The skyscaper will be located next to the 225-meter Cheesegrater building at Leadenhall Street, which the 50-50 joint venture between British Land Co. Plc and Oxford Properties sold for £1.15 billion to Hong Kong-based C C Land Holdings Ltd. earlier in March.

Prussian Blue will also have an additional 120,000 square feet of leasing space as a result of the revised plans, according to the April 4 report.