AXA IM Alts appoints Multiplex for a major City of London project.
- The project includes a 36-storey, 150-metre tower designed by Eric Parry Architects.
- Construction begins following the completion of enabling works by Keltbray.
- The development features historic preservation and innovative urban greening.
- Fifty Fenchurch Street is set to be one of London’s eco-friendly high-rises.
Investment firm AXA IM Alts has taken a significant step in advancing its ambitious office project at Fifty Fenchurch Street by appointing Multiplex as the main contractor. This decision marks a crucial phase in the realisation of what is slated to be a landmark development in the City of London.
The development, designed by the esteemed Eric Parry Architects, will feature a 36-storey, 150-metre high tower. Construction activities are well-timed, commencing soon after Keltbray’s completion of the enabling works last month. Keltbray is also engaged in the piling and excavation responsibilities, demonstrating their integral role in the project’s foundational stages.
Main construction on this £1 billion venture is set to begin this summer, with an expected completion in 2028. The development includes the intriguing integration of historical elements such as the Medieval Tower of All Hallows Staining and Lambe’s Chapel Crypt, which will enhance the public realm alongside a new subterranean Livery Hall for The Clothworkers’ Company.
Strengthening the project team are YardNine as the development delivery partner, Adamson Associates, and Arup who is spearheading the engineering design. The initiative is simultaneously aiming to set new standards in sustainability and urban biodiversity, being touted as among the lowest carbon and most biodiverse high-rise structures in the United Kingdom.
The Fifty Fenchurch Street project promises more than just office space; it is envisioned as a comprehensive urban greening effort, featuring landscaped gardens at ground level and on the tenth floor, along with the inclusion of 40 terraces. Rob Samuel, UK head of development at AXA IM Alts, highlighted this aspect, stating that it addresses the significant demand for sustainable office accommodation while contributing to the Square Mile’s urban ecology.
As the City of London anticipates this innovative and forward-thinking development, Fifty Fenchurch Street is set to redefine standards for both historical integration and ecological advancements in high-rise construction.
The appointment of Multiplex signals a pivotal advancement in creating a sustainable and historic landmark at Fifty Fenchurch Street.
