Munich Re investment manager MEAG has gained planning for a 140,000 office retrofit at 30 Finsbury Square on the edge of the City in London.
The major overhaul designed by architect Fletcher Priest will see another floor added to the building to create a nine-storey commercial office.
This extra level will provide additional office space, a winter garden and a large green roof terrace.
The scope of the retrofit includes a double-height lobby, a new secondary entrance, an upgraded façade and new MEP services to create an all electric building based on air-source heat pumps with photovoltaics.
MEAG is in talks with an unnamed contractor and plans to start work next Summer.
Katja Rincker, Head of real estate Development at MEAG: “As an equity-strong investor we are able to implement developments in challenging times to deliver sustainable value.
”Sustainability and whole life carbon assessments have been a key consideration in retaining 90% of the existing structure, including the Portland Limestone load-bearing façade. Moreover, market-leading certifications such as BREEAM ‘Outstanding’ , WELL ‘Platinum’, and NABERS are targeted.
Project team
Architect – Fletcher Priest Architects
Leasing Agents – Knight Frank / Cushman Wakefield
Legal advice – Clifford Chance
Planning consultant – CBRE
Project manager – CBRE
Quantity surveyor – Savile Brown Associates
Services engineer and MEP – Introba
Structural and facade engineer – Maffeis
