Jones Lang LaSalle - Offices Development - London EC2, Aldermanbury Square, Royex House

Date: 20 Jun 2002

Scottish Widows Investment Partnership received planning permission for the innovative redevelopment of Royex House, Aldermanbury Square, London EC2 yesterday (June 11th 2002).

This landmark project involves the replacement of the existing 18,000 sq.m (gross area) office building with a new 35,600 sq.m (gross area) scheme on two basements, ground and 17 upper storeys. Typical net floor areas will be around 1,500 sq.m and the scheme will also incorporate 1,000 sq.m of highly flexible A3 catering use at basement, ground and first floor levels.

The stainless steel clad design, by Eric Parry Architects, provides a brand new publicly accessible space at ground level, which re-connects the existing public spaces in Wood Street and Aldermanbury Square. Other benefits include enhanced pedestrian movement facilities to the Barbican High Walk and a significant contribution to the Corporation's plans for enhancing the surrounding public areas in the future.

Jones Lang LaSalle was development manager and planning consultant on the project. Investment Advisors were BH2 and architects were Eric Parry Architects. Jones Lang LaSalle is also joint letting agent on this landmark building.

Tom Laidlaw, Head of Property at Scottish Widows Investment Partnership, said: "We are delighted to have received planning permission for this world class redevelopment scheme. We have worked hard with the team to maximise the potential of this site for all parties. Royex house will provide the highest quality environment both for its occupiers and for the general public."

David Williamson, National Director for Development and Project Management at Jones Lang LaSalle, commented: "This is a unique opportunity to significantly enhance the public realm and to positively influence and contribute to the developing architectural landscape of Central London. The proposals reinforce Scottish Widows' increasing reputation for the delivery of high quality redevelopment schemes, building on the successes of 30 Finsbury Square, EC2, and Athene Place in Shoe Lane, EC4."

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