Proposals to redevelop three Square Mile office buildings on Moorgate, EC2, have been given the green light by planning authorities.
Valentine Investments has been granted planning permission to demolish the three existing buildings at 35-39 Moorgate and 63, 64-66 Coleman Street behind the site, and build two new office blocks.
The works will retain a historic facade at 63 Coleman Street, which dates back to the 1800s, albeit with alterations.
The new buildings will have two basement levels, a ground floor designated for retail or hospitality use, and seven upper storeys, creating around 41,000 sq ft of office space.
It is understood that a decision remains to be made on how to finance the development. In May, EG reported that Valentine Investments was weighing up its options on financing, with one being to bring a partner on board.
