en.Wedoany.com Reported - The planned tallest tower in the City of London has been renamed One London. The project, reaching a height of 309.5 meters and designed by Eric Parry, is expected to appoint a main contractor later this year.

Originally named 1 Undershaft, the project replaces St Helen's Tower, a 23-storey building designed by GMW Partnership in 1969 and built by Taylor Woodrow. Keltbray has been carrying out demolition and clearance work on site for over a year.

The project is funded by Aroland Holdings, a consortium of Southeast Asian investors, with Singapore-based developer and financier Perennial Holdings acting as advisor and Stanhope managing the project. Construction is scheduled to begin in 2028 and complete in 2033.

David Camp, CEO of Stanhope, said office absorption in London has reached its highest level since 2019, with 70 of 98 large transactions last year involving expansions, and the vacancy rate for new office space in the core City of London standing at just 0.3%. He noted that London lacks top-tier office space. The project, costing over £1 billion, is likely to be tendered as a construction management contract, with bidders expected to include Mace, Multiplex, and Bovis.

The 74-storey building will provide 154,000 square meters of office space, feature a 2,500-square-meter public garden cantilevered on the 11th floor, and include a viewing gallery for the Museum of London on the top two floors.

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