09:21, December 01 335 0

2016-12-01 09:21:14
Linklaters and DLA advise on City’s tallest skyscraper

Linklaters has successfully secured planning permission for the City of London’s tallest building, 1 Undershaft, for its client Aroland Holdings.

DLA Piper has also been drafted in on the real estate deal, also advising the developer on general commercial issues.

The 73-story skyscraper will be built on the site of the former Aviva Tower and will stand at 304.6m. On completion the building will be the tallest in the City of London.

Linklaters advised on all aspects of the planning applications for Singapore-based developer Aroland Holdings. Real estate planning partner David Watkins led Linklaters’ team, supported by associate Michael Gill. DLA partner Ian Brierley advised on other mainstream real estate issues.

While 1 Undershaft will be the tallest building in the City it is still four metres smaller than the Shard, which is based in London Bridge. Aroland was forced to reduce the size of 1 Undershaft by five metres after concerns were raised by aviation authorities about the building encroaching on the routes of aircrafts landing at London City Airport.

The new tower has been designed by Eric Parry and will provide 90,000sq m of floorspace, including 2,000sq m of retail space on the ground floors. Aroland is also in discussion with the Museum of London to create a viewing platform, education centre and restaurant at the top of the building.