City of London Approves Brookfield's 54-Storey Office Tower at 99 Bishopsgate

Brookfield Properties has received approval from the City of London Corporation for the redevelopment of 99 Bishopsgate, which will feature a 54-storey office tower and over 60,000 square feet of public and cultural amenities. This development aims to provide one million square feet of office space, contributing 8.3% of the additional office capacity required by 2040 to support employment growth in the City. Designed by RSHP, the project emphasizes sustainability through adaptive reuse and includes features like vertical gardens and new pedestrian routes connecting Liverpool Street Station to the City. The scheme is expected to generate around 7,500 new jobs and inject £8.5 million annually into the local economy through increased worker spending. Brookfield Properties President Dan Scanlon highlighted the project's potential to transform the area and enhance the experience for both workers and visitors. The development also includes a cultural building called Open Gate, which will host a theater group focused on empowering underrepresented voices in the arts.