AXA IM Alts to acquire landmark office development

AXA IM Alts plans to bring forward the development of a 650,000-square-foot, next-generation office with exceptional  environmental credentials, after exchanging contracts to acquire a long leasehold of 50 Fenchurch Street in London from The Clothworkers’ Company, a 500 year-old livery company and grant maker.

The acquisition will be completed on behalf of clients through AXA IM Alts’ Real Assets platform, the leading real estate portfolio and asset manager in Europe.

Designed by Eric Parry Architects, the fully consented plans include the retention of the Tower of All Hallows Staining and Lambe’s Chapel Crypt, two historic listed buildings on the site, which will form part of extensive new public realm with retail and dining at ground level, while a new Livery Hall also will be delivered for The Clothworkers’ Company as part of the development.

Sustainability and wellbeing are a key focus of the 36-story, people-centric building, which will incorporate