Following a Preconstruction Services Agreement (PCSA), YardNine and AXA IM Alts have awarded Multiplex the Design and Build contract for the construction of Fifty Fenchurch Street. Multiplex are due to start on site in August following completion of piling and excavation.
| Designed by Eric Parry Architects in collaboration with engineering firm Arup, Fifty Fenchurch is a 36-storey, all-electric commercial tower which is expected to be one of the lowest carbon and most biodiverse high-rise towers in the U.K. The building will feature extensive vertical greening with landscaped terraces accessible from each office floor to enhance workplace amenity, providing direct access to nature for all occupiers, more than 40 occupier terraces will be provided. Public spaces will include indoor and outdoor gardens with a restaurant at level 10 providing views across the City of London. The project combines nature, smart technology, and innovative design to create a future-focused building for generations to come.
The first phase of construction involves an open bulk excavation of three levels below ground for a basement box, which spans the entire footprint of the site. This space will include a new livery hall for the Clothworkers’ Company, which has occupied the site since its founding in 1528. The development also includes the conservation of two listed buildings: the All Hallows Staining Church Tower and Lambe’s Chapel Crypt. These will be reinstated into an extensive new ground level 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. Campbell MacDougall, Director at YardNine, said: “We are delighted that following a 6-month Pre-Construction Services Agreement with Multiplex we successfully agreed a full building contract for the construction of this amazing development, Fifty Fenchurch Street. We look forward to working with the Multiplex team who have seamlessly ‘picked up the reins’ and are driving the project. For 500 years the Worshipful Company of Clothworkers’ have occupied the site, and we will be re-instating them into their new Hall along with the refurbishment of the Grade 1 Listed All Hallows Tower and a new highly sustainable office building, creating a legacy in the City of London. We look forward to building that legacy with the Multiplex team.’’ 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.” Karl Wilkinson, Project Director at Multiplex, said: “We’re extremely proud to have been appointed to deliver Fifty Fenchurch on behalf of AXA IM Alts and YardNine. Given the historical significance of the site and the positive impact this development will have on London, this is an exciting project for Multiplex to be involved in. Once complete, the building will provide a state-of-the-art workplace that seamlessly integrates sustainability, biodiversity, and innovative design, redefining what it means to build for the future in one of the world’s most dynamic cities.” Target completion is set for 2028.
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