New UBS City of London office scheme submitted
A huge new office development for investment bank, UBS, in the City of London has been submitted to local planners.
Developers British Land Company PLC and the Blackstone Group have jointly put forward the scheme at 5 Broadgate which would provide over 700,000 square feet of office space.
The 12 storey building, designed by Ken Shuttleworth at Make, would include four trading floors, each capable of accommodating 750 traders.
The developers say that the offices would use “photovoltaics” and solar thermal panels to generate low carbon energy, as well as “reducing water consumption by rainwater harvesting and increasing biodiversity through the incorporation of green roofs and terraces.”
Chris Grigg, Chief Executive of The British Land Company PLC, said: “It is vital that the City is able to meet the current and future needs of key occupiers for attractive, flexible and sustainable floorspace as financial services will be a major driver in the recovery of the UK economy from recession.”