With Keltbray nearing the end of piling and excavation works on AXA IM Alts’ £1bn office building at Fifty Fenchurch Street, main contractor Multiplex is preparing to start the main build.
The main works contract for the 36-storey, 650,000 sq ft development was awarded to Multiplex Construction Europe in June 2024. The development is expected to complete in 2028.
Investment management firm AXA IM Alts used the same contractor to construct 22 Bishopsgate, which completed in 2020 and has recently achieved full occupancy.
Designed by Eric Parry Architects, Fifty Fenchurch Street is being marketed as one of the UK’s most sustainable and biodiverse high-rise office buildings, targeting BREEAM Outstanding and net zero in operation. It will have internal and external gardens on the 10th floor and more than 40 planted balconies and terraces. Each upper-level office floor will have two terraces with shrubs and flowering plants. Water consumption estimates have not been revealed.
The project includes a new subterranean livery hall for The Clothworkers’ Company and the reinstatement of Lambe’s Chapel Crypt beneath the new office tower.
Rob Samuel, UK head of development at AXA IM Alts, said: “Our success at 22 Bishopsgate has confirmed the importance of tailoring buildings to align precisely with the evolving needs of occupiers to create high-quality, innovative workspaces that make employees want to come to the office. At Fifty Fenchurch Street our aim is to deliver exactly that, creating a landmark structure that will be both one of London’s most biodiverse office towers and combine best-in-class workspace with green, accessible public areas that uniquely incorporate heritage buildings that will enrich the City of London’s landscape.”
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