Construction is set to start on two new City of London developments totalling 1,170,000 sq ft of office and retail space in the next 12 months.
Legal & General is planning to build its 900,000 sq ft Walbrook Office scheme on a 1.5ha site near Bank station. It will carry out the demolition of the existing Bucklersbury House as part of the project.
L&G will also build a new entrance for Bank tube station.
Meanwhile, Helical Bar has submitted a planning application for a 270,000 sq ft office and retail development at 1 Mitre Square, reports Estate Gazette.
This follows the developer securing a long-term lease on the site.
Construction on the 20-storey building, which also includes improved public spaces, could start early next year.
Gerald Kaye, 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.
“With limited supply of new, good quality City office space forecast to come to the market over the medium-term, combined with the high spec of design on offer, we feel confident that this building will see strong interest from potential occupiers.”