AOG Real Estate granted consent for a new 90,000 sq ft development at 45 Cannon Street

15 October 2013

AOG Real Estate, in partnership with its London-based asset and development manager Morgan Capital Partners, has received planning consent from the City of London for a new 90,000 sq ft office and retail development at 45 Cannon Street, London EC4.

The Fletcher Priest designed scheme will include 81,200 sq ft of Grade A offices and 8,000 sq ft of restaurant and retail space fronting Cannon Street and Bow Lane. Construction is expected to start in January 2014 and complete in Q1 2016.

"AOG Real Estate is excited to have been granted consent by the City of London to redevelop 45 Cannon Street" said Francois Jaclot, AOG Group CEO. "This provides a unique opportunity to deliver modern world class office and retail accommodation in a location that will become the most vibrant and dynamic part of the City. The scheme has been designed to complement the heritage of the conservation area and allow the Bow Lane retail area to continue to flourish and respond positively to recent retail developments in the area. The development will continue the expansion of the AOG Real Estate portfolio in London, which includes other high quality assets including 1 Bishopsgate, 63 Brook Street and the recently completed development, 8-10 Hanover Street," he added.

The existing 67,000 sq ft property was acquired in August 2010 along with the two adjoining properties at 10 Bow Lane and 19/26 Watling Street. DP9 advised on planning, while CBRE has been appointed letting agent for the offices and Savills has been appointed letting agent for the retail space.

For more information, read press release below: