Henderson Global Investors plans £391m office development in City

Fund management group, Henderson Global Investors has unveiled plans for a 910,000 sq ft office development at 40 Leadenhall Street in the City of London.

The scheme, which will cost £391m to develop, will vary in height between seven and 34 office storeys, with two additional basement levels, and a roof level plant. The development will rise to 558ft at its highest point and include flexible retail/café and restaurant uses at ground floor level.

The scheme will comprise a net internal area of 910,000 sq ft, split between 890,000 sq ft of offices and 20,000 sq ft of retail.

The development is likely to attract the interest of financial services firms with floorplates ranging from circa 19,000 sq ft, up to 45,000 sq ft.

Henderson Global Investors completed its purchase of the Leadenhall Triangle site for around £183m in June 2011, and has since been working on various redevelopment options.