Legal and General, the financial services company and Helical Bar, the property and investment company, will oversee the development of Walbrook Office and 1 Mitre Square in the city.
The Walbrook commercial property is expected to comprise of 900,000 sq ft of office space and will include an entrance to Bank Underground Station. 1 Mitre Square will offer 270,000 sq ft of office space in Aldgate and will stand at 20 storeys high.
Gerald Kay, the director of Helical Bar, said “This is an exciting scheme with an excellent floor plate. The environment around the building will be much improved with a major upgrade of the public realm.”
Kay added “With limited supply of new, good quality City office space forecast to come to the market over the medium term, combined with the high specification of design on offer, we feel confident that this building will see strong interest from potential occupiers.”