The remodelling of the nine-storey of Woolgate Exchange on Basinghall Street has been designed by architect Stiff & Trevillion.
The refurbishment includes the installation of a new 1,500 sq ft rooftop pavilion. After renovation, the building – henceforth called simply Woolgate – will have more than 20,000 sq ft of external terracing with outdoor space on most of upper floors.
The current reception area leading onto Basinghall Street will be enlarged and a new entrance will be created on Coleman Street.
Mace is expecting to get on site in the first quarter of 2023.
Stanhope project director Laura Collins said: “Woolgate embodies Stanhope’s commitment to delivering assets, investments and developments that actively contribute to the reduction of carbon emissions whilst still providing grade A office space in the heart of the City of London.”
Structural engineer is Heyne Tillett Steel, Exigere is cost consultant and Third London Wall is project manager.