Le mie ricette per la real estate communityAXA IM Alts, a global leader in alternative investments with €184 billion of assets under management[2], has appointed Multiplex to commence construction at its 650,000 sqft Fifty Fenchurch Street workplace development in the City of London, which is expected to be one of the lowest carbon and most biodiverse high-rise towers in the U.K. This follows the completion of the enabling works in May by Keltbray, who will also carry out piling and excavation. As a result, construction of the development will start this summer and is expected to complete in 2028.
In addition to Multiplex, AXA IM Alts, together with YardNine as development delivery partner, has assembled a world-class team to deliver the 36-storey building. Eric Parry Architects and Adamson Associates are working alongside Arup who are leading the engineering design, supported by an extensive team of renowned specialists.
Fifty Fenchurch will deliver more nature into the City of London. Landscaped gardens at ground and level 10 will be complemented by more than 40 occupier terraces that will bring over 70 different species of plant life to the site. The building will integrate nature with smart technology and purposeful design to create a future focussed building, fit for generations to come.
The development also includes the retention of the Medieval Tower of All Hallows Staining and Lambe’s Chapel Crypt, which will form part of the extensive public realm being built alongside a new subterranean Livery Hall for The Clothworkers’ Company.
Decarbonisation and wellbeing are a key focus of the people-centric building, which will target BREEAM Outstanding and net zero in operation. The building will offer high specification, flexible floorplates coupled with state-of-the-art technology and amenities, presenting the latest features aimed at enhancing occupier health and enjoyment.
Occupying over an acre of the City of London, Fifty Fenchurch sits on the southern edge of the City’s tower cluster, providing panoramic river views over Tower Bridge, the Tower of London and the Southbank. The asset benefits from excellent connectivity, served by 12 underground and mainline stations within a short walk from the site.
Rob Samuel, U.K. Head of Development at AXA IM Alts, said: “Commencing construction with Multiplex marks a significant milestone in the realisation of what we believe is a one-of-a-kind development in the City of London. In addition to helping satisfy the significant demand for the first class and sustainable office accommodation that is a must have for occupiers, Fifty Fenchurch will bring extensive urban greening and landscaped gardens to the Square Mile.”
1Source: ARUP data (2024), in respect of both operational and embodied carbon.
2. Source: AXA IM Alts (unaudited) as of 31 March 2024.
Source : AXA IM Alts