The newest skyscraper to join the cluster of towers on Leadenhall Street has just gained an extra 10 storeys, after its developers were given planning permission on an updated design.
The tower, on the corner of Bishopsgate and Leadenhall Street, close to the Cheesegrater and the Gherkin, will now rise 50 storeys, with 570,000 sq ft of space to let.
The design was first approved in July 2015, but revised plans have added extra storeys, with an additional 120,000 sq ft of space.
The new design means it will be 726ft tall, making it the fourth-tallest building of all existing and planned buildings in the Square Mile.
“We welcome this decision from the City of London, which recognises the benefits to all stakeholders of the revised proposals," said Yuichiro Shioda, chief executive of Mitsubishi Estate London, the project's developer.
"As part of the eastern cluster, this new tower will provide the modern business space required to keep the City of London at the forefront of international commerce.”
“[We have projected] a 35 per cent increase in City employment in the next 20 years and the changing City skyline is beginning to reflect that," said Chris Hayward, chairman of the City of London Corporation's Planning and Transportation Committee.
"We currently provide 93m sq ft of office space in the City, with a further 13.5m sq ft under construction."
Gerald Eve advised on planning on the project.
The Shard is fully let
The news comes a day after the Shard announced it was fully let, five years after its launch.
The company behind it said yesterday Warwick Business School had agreed to increase the size of its footprint in the building by more than half, taking another 6,342 sq ft on level 13, bringing its total area up to 18,500 sq ft.