CO—RE appointed to redevelop 130 Fenchurch Street site in City of London

Central London commercial property specialist CO—RE has been appointed by Aviva investors, the global asset management business of Aviva plc, to redevelop 130 Fenchurch Street in the City of London.

Following its appointment, CO—RE is working with internationally renowned architect Wilkinson Eyre on new plans for the building, with a planning application to be submitted to the City of London in early 2025.

The building sits in a prominent site in the heart of the City’s eastern cluster - just a short walk from Fenchurch Street and Monument stations and near significant modern London towers such as 20 Fenchurch Street and the Leadenhall Building. It is a neighbour to the multiple award-winning One Fen Court, which was also redeveloped by CO—RE for Generali and pre-let to M&G to become its new London headquarters. Designed by Eric Parry Architects, the building has become well-known for its public garden, with outside green space being a common feature for all CO—RE buildings.

Over the past 20 years, CO—RE has advised on over 12.5 million sq ft with an investment value of over £10bn, establishing itself as one of the major players in the London commercial property development market. Its notable recent achievements include the completion of 20 Ropemaker for OPLM. Islington’s largest ever planning consent, it was fully let upon completion with a major pre-let to law firm Linklaters.

130 Fenchurch Street continues Aviva Investors’ development portfolio in the City of London which includes One Liverpool Street and 101 Moorgate, two flagship schemes which book-end the eastern and western entrances of the new Elizabeth Line station at Liverpool Street station and together will provide will provide nearly 250,000 sq ft of leasable office and retail space.

CO—RE has also started construction on Lansdowne House, which will become the new European headquarters for Blackstone, the world's largest alternative asset manager, and has recently received planning permission for the redevelopment of the former ITV Studios on London’s South Bank for Mitsubishi Estate, among other projects.

Bradley Baker, CEO of CO—RE, said: “We are very proud of CO—RE’s legacy in this part of the city, and are grateful to Aviva Investors for giving us the opportunity to continue to help the eastern cluster keep improving and growing so that it can attract the biggest and best occupiers. Whilst it is too early to reveal details, we hope to replicate our formula for connecting major investors with world class design teams to create buildings that businesses and their people want to work in”.

James Stevens, Head of Real Estate Investment at Aviva Investors, added: “Fenchurch Street is a thriving development area in the City of London, with a fast-evolving skyline. We are pleased to have appointed CO—RE, as part of an experienced team, to take forward the redevelopment of 130 Fenchurch Street, an ambitious project which shows our continued commitment to the City and its long-term prospects. We look forward to working with CO—RE in bringing this substantial project to life.”