21 January 2015

British Land and GIC have submitted a detailed planning application for the refurbishment and extension of 100 Liverpool Street, to create a new building totaling around 515,000 sq ft of office and retail space.

Under the proposed plans, a further three floors, covering 135,000 sq ft will be added to 100 Liverpool Street, and the 9th floor of the building will include a spectacular restaurant with external terracing. The proposal also improves the connections and public space between 100 Liverpool Street, Liverpool Street Station and the Broadgate Circle.

This development forms part of British Land and GIC’s long-term vision for Broadgate, the City’s premier office campus. Located around Liverpool Street station, one of London’s most important transport hubs, Broadgate will benefit from the opening of Crossrail in 2018 as well as the ongoing regeneration to the north and east of the City. As part of the long-term vision, 5 Broadgate is under construction and the Broadgate Circle is being redeveloped with completion on both expected within the next few months. 5 Broadgate is fully let to UBS, and the new retail units at the Broadgate Circle are over 97% pre-let or under offer to high profile brands including Yauatcha, The Botanist, Comptoir Libanais and Aubaine.

Designed by Hopkins Architects, one of the UK’s leading architectural practices, the proposal for 100 Liverpool Street sees the retention of the buildings’ structural frame and uses gently curving facades to give the buildings a fresh new identity.

Tim Roberts, Head of Offices, British Land, said: “We have put forward a proposal for an innovative refurbishment of 100 Liverpool Street which we believe will appeal to a wide range of occupiers. This is an important part of our broader plan to re-position Broadgate to meet the changing needs of a growing and dynamic market place. The demands on this area of the City are changing with the regeneration of nearby Shoreditch and we are focused on evolving the Broadgate campus to match these needs.”

Michael Taylor, Senior Partner at Hopkins Architects, said: “We are extremely pleased to be working with British Land and GIC on the regeneration of this prominent building. We’re committed to creating the highest quality office space alongside a dramatically improved retail offer and public realm.”

Notes to Editors

The site is highly accessible with numerous transport links in close proximity to Liverpool Street station’s railway terminus, underground lines, and bus stops. Crossrail will also increase capacity and improve connectivity with the West End, and one of the proposed Crossrail station entrances is located within the 100 Liverpool Street boundary.

The arrival of Crossrail will significantly increase pedestrian movement in the area and the proposal will improve the public realm and retail experience, with up to [60,000] sq ft of additional retail accommodation. The steps around the southwest corner of the existing building at 100 Liverpool Street will be removed to improve the building’s relationship with the Ground Level and to provide the new retail areas with level access.

The entrances to 100 Liverpool Street, 8-12 Broadgate and Octagon Arcade are linked to a shared reception at Level 1 which will provide good views towards the Fulcrum sculpture and up to the central Atrium. At Ground and First Floor Levels, a large part of the footprint of 8-12 Broadgate is owned by Network Rail and leased to Transport for London for use as part of the bus station. Existing bus station facilities will be repositioned, refurbished and integrated into the building’s form. Cycle storage will be provided at Ground Level along with changing facilities, showers and lockers in the Basement.

The scheme is anticipated to receive a BREEAM Excellent rating.

The buildings are due to be vacated in 2016 by current tenants UBS.