Mitsubishi Estate breaks ground for London Tower
The Mitsubishi Estate laid the foundation for the development of the London city tower, which will be built in 8 Bishopsgate.
When the project is completed, there will be a 50-storey tower with a gallery space consisting of 560.000 m2 first class office area and ground floor retail sales units. For the development of the project, Lendlease was appointed as the construction manager in the project.
The building will be delivered by the end of 2022.
Yuichiro Shioda, managing director and CEO of Mitsubishi Estate London, said: “This long-term project is a key strategic investment for Mitsubishi Estate London, and the groundbreaking underlines our ongoing confidence in the City of London’s position at the forefront of international commerce. The tower will be a landmark scheme for the Square Mile, and we anticipate significant interest from occupiers attracted by the development’s unrivalled location, distinctive design and high-quality space.”
David Camp, chief executive of Stanhope, said: “We are delighted to be continuing our partnership with Mitsubishi Estate on this striking landmark building for London. 8 Bishopsgate will deliver the next generation of the office buildings that will improve occupier experience and attract high-quality occupiers from within and outside of the City of London.”
Sevdenur Demir / firstname.lastname@example.org