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Fossil-fuel-free €1.2b London project gets green light
- June 1, 2024: Vol. 18, Number 6

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Fossil-fuel-free €1.2b London project gets green light

by Marek Handzel

A U.S.-Korean development consortium between Hines and National Pension Service of Korea has received approval for a “fossil-fuel-free” development of a trio of towers in London.

The project will total €1.2 billion and will be located on a two-acre brownfield site at the southern end of Blackfriars Bridge that has remained undeveloped for 20 years. Called 18 Blackfriars Road, the project has been designed to be 100 percent electric and net-zero carbon in operation, with 95 percent of the site’s heat demand served by ground source heat pumps that share, store and offset energy. Beyond decarbonisation, it is set to deliver affordable homes, free workspace for local businesses and entrepreneurs, and a cultural hub for locals. The aims for the development is for it to be the first high-rise scheme in the United Kingdom to achieve the WELL Community Gold Standard.

The location benefits from transport connectivity and proximity to numerous cultural landmarks and the

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