The City of London has approved the proposals for 10 Paternoster Square under delegated powers.

This will allow the 245,000 sq ft building to be comprehensively refurbished and extended.

These plans include reconfiguring the ground floor and make it more open and allow for a larger number of visitors for events such as LSEG open and close ceremonies.

The plans for office space also include amenity provision and landscaped balconies and terraces to be added.

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BREEAM ‘Excellent’, EPC A and NABERS 5* certifications will all be targeted.

Construction is due to commence in early 2027 with completion expected by early 2029.

“This planning consent marks an important milestone in the redevelopment of 10 Paternoster Square into a state-of-the-art global headquarters for one of the City’s most important institutions,” said Robin Everall, head of development (Europe) at Oxford Properties.

“We want to thank the City of London for their collaborative approach to the process so far and look forward to working with them throughout the next stages of this exciting project.”