Workman is appointed to deliver development monitoring services for 50 Fenchurch Street, along with Project Management and Employer’s Agent services for the new Clothworkers’ Hall.
Workman is providing development monitoring services for The Clothworkers’ Company for new office tower 50 Fenchurch Street, a five-year project which will rise to 35 storeys and provide more than 62,000 sq. m of flexible office space.
The 50 Fenchurch Street site is the longstanding home of The Clothworkers’ Company, founded in 1528, which is one of the Great XII Livery Companies of the City of London.
The project means The Clothworkers’ Company will require a new Clothworkers’ Hall, for which Workman LLP is providing Project Management and Employer’s Agent services.
The new livery hall and events venue, which will also be five years in the making, will be The Clothworkers’ seventh livery hall on the same site, which they have occupied for nearly 500 years. The site has been occupied by a livery hall for over 500 years; beginning with Shearmen’s Hall, which was built in 1456.
Investing in the future
Clerk to The Clothworkers’ Company and chief executive of The Clothworkers’ Foundation, Jocelyn Stuart-Grumbar, explained that the five-year project is part of the Company’s long-term strategy for investing in the future of The Clothworkers’ Company and The Clothworkers’ Foundation.
“This scheme offers us the opportunity to unlock our assets and increase our charitable impact as we help our communities rebuild from the pandemic and secure our philanthropic legacy for the next 500 years,” said Stuart-Grumbar.
In June 2022, AXA IM Alts partnered with The Clothworkers’ Company ahead of the landmark office development at 50 Fenchurch Street.
Matthew Osborne, Partner at Workman LLP, said: “We are delighted to be instructed to work with The Clothworkers’ Company on these pioneering projects which will not only extend the legacy of the Clothworkers’ Livery Company, and enhance public realm for city dwellers, but will also provide next-generation workspace integral to the City of London’s continued growth as a leading global financial centre.”
Best-in-class ESG targets
The office tower that is at the heart of the scheme, designed by Eric Parry Architects, will comprise retail at ground floor, and offices above. Floor plates will vary in size to maximise the building’s appeal to a range of City occupiers. The ESG credentials targeted by the scheme are best-in-class for a tower of its size.
And as part of the City of London’s initiative for a significant increase in urban greening in the built environment, an innovative vertical landscaping proposal, along with the garden at level 10, which will be open to the public all week, form part of the overall design.
The project has been designed to preserve and make accessible two listed buildings, the Grade I listed Tower of All Hallows Staining and the Grade II listed Lambe’s Chapel Crypt, which will remain at the heart of 50 Fenchurch Street’s extensive new street-level public realm.
Earlier in 2023, the Council on Tall Buildings and Urban Habitat (CTBUH) named the 50 Fenchurch project as one of its 2023 Award of Excellence winners of a Future Project Award.
Find out more here about our Workman Building Consultancy Services.
