Woolgate receives full consent from City Planners

News — 19 Jan 2023

Full planning consent for the total refurbishment of Woolgate Exchange has been announced. The project, for leading UK developer, Stanhope PLC, aims to become an exemplar for retrofit in the City and is targeting net zero carbon in both construction and operation thanks to an ambitious reuse and retention strategy, which seeks to preserve 98% of the existing structure. The building will be all-electric, with no fossil fuel or gas boilers on site, and 100% green power purchase agreements (PPA) are being used. It is targeting a 4.5* NABERS rating and BREEAM Excellent.

The nine-storey building, newly named Woolgate, will be reimagined to meet the needs of modern occupiers. This includes the introduction of a new 1,500 sq ft rooftop pavilion boasting unique views of St Paul’s Cathedral and the City tower cluster. The renovated building will feature over 20,000 sq ft total external terrace amenity, providing urban greening, biodiversity, and generous outdoor space on the majority of upper floors. The current reception area leading onto Basinghall Street will be enlarged and a new entrance will be created on Coleman Street, complemented by a ‘pocket park’ and new retail amenity.

"As long term champions of retrofit we're delighted to be part of this pioneering City of London project with its ambitious net zero targets and commitment to environmental responsibility." Mike Stiff, Founder Stiff+Trevillion