City scheme wins consent

Kasmira Jefford
Follow Kasmira
JAPAN’S second largest property developer has won consent for the redevelopment of an office block at Finsbury Circus in the City.

Mitsubishi Estate Company announced yesterday that the City of London Corporation had granted planning consent for the 240,000 square feet scheme at River Plate House.

The Wilkinson Eyre designed project will be redeveloped into a nine-storey office building with ancillary retail on the ground floor.

Mitsubishi said it expects to complete the building by 2016, which it said will take advantage of the “limited speculative development in the City”.