Patrizia secures planning nod for London office redevelopment

Global real assets investment manager Patrizia has received planning approval from the City of London Corporation to extensively redevelop 108 Old Broad Street. 

108 Old Broad Street

This office building, owned by their long-term partner Far East Organisation, Singapore's largest private property developer, is set for a significant transformation.
The approved plan will convert the 1993-built building, formerly known as Pinners Hall, into a modern, highly sustainable, and amenity-rich office space. Located in a prime spot between Liverpool Street and Bank stations in the heart of London's financial district, the repositioning aims to create a top-tier office asset.
The project involves adding new upper-level extensions, including a seventh-floor pavilion and a large landscaped terrace. It will also enhance the building's street-level presence, upgrade its amenities, and implement an all-electric, smart-enabled services strategy. These changes are designed to achieve high sustainability ratings, including EPC A, BREEAM Excellent, and WiredScore Gold.
Overall, the redevelopment will increase the net lettable area by approximately 15%, resulting in about 11,148 m2 of high-quality workspace. With the building already stripped out, construction is slated to commence in Q1 2026, with completion expected in Q2 2027. 
Dan Williams, head of Investment Management Development at Patrizia, commented: “Securing planning permission is a major step forward in realising our vision for 108 Old Broad Street. It enables us to apply the full strength of Patrizia’s in-house real estate development, sustainability and asset management capabilities to transform this building into a modern, low-carbon and amenity-rich workplace with standout design. This project is another example of how we successfully reposition high-potential offices into future-fit assets.”
Ker Gilchrist, head of UK Investment Management at Patrizia, added: “The redevelopment of 108 Old Broad Street shows how we connect international capital with our own asset solutions to deliver a best-in-class asset aligned with the evolving needs of occupiers. Amenity provision will be at the heart of this scheme, and we anticipate that our thoughtful design, coupled with delivery certainty, should be highly attractive to the occupier community.”
This project at 108 Old Broad Street builds upon a portfolio of notable "brown-to-green" transformations within its pan-European value-add program, which exceeds €2.5 bn.
For this development, Patrizia is working with Stiff + Trevillion, Quartz, Gardiner & Theobald, Montagu Evans, and Knight Frank and Cushman & Wakefield.