The City will be getting a new office skyscraper after planning permission was granted for a 40-storey block.
The City of London gave the green light to Japanese developer Mitsubishi Estate London for a new tower between Bishopsgate and Leadenhall Street.
The tower - designed by architects Wilkinson Eyre - will have shops on the ground floor and a viewing gallery on the top, with its main purpose as an office block.
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Chief executive of Mitsubishi Estate London, Naoki Umeda, told the Evening Standard: “This project is a major investment signalling Mitsubishi Estate’s confidence in the City of London as a world financial centre.
“We are delighted that we will now be able to deliver a striking landmark building for London that will further enhance its global appeal.”