en.Wedoany.com Reported - A historic office building in the City of London is set to begin redevelopment this summer, a project costing £85 million. The scheme, which received full planning permission last month, aims to replace Faryners House, a 1970s building located at 25 Monument Street. The building is named after baker Thomas Farriner, whose bakery on Pudding Lane was the starting point of the Great Fire of London in 1666, which destroyed approximately 80% of the City's buildings.

Bids for the demolition contract were submitted last week, with a winner expected to be chosen within weeks, including companies such as Erith, John F Hunt, Morrisroe, and Deconstruct. The Faryners House redevelopment project is designed by Fletcher Priest. The development manager was initially M3, later succeeded by Monument Estates, which was founded by Neal Pickering, former head of development at Aviva.

Pickering said: "Securing planning permission is a significant milestone for Faryners House. The project has been meticulously designed to maximise both architectural quality and commercial performance. We are preparing to commence construction on site, bringing a top-tier office building to the City of London."

The new office building will provide 97,000 square feet of office space across 10 upper floors, with external terraces on several levels. The cubic form steps down from Pudding Lane towards the Monument, designed to enhance the setting of the adjacent Monument and partially restore the original plaza. Works are expected to complete in Spring 2029. The project team includes cost consultant Exigere, project manager Blackburn & Co., and structural engineer London Structures Lab.

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