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142-150 Bishopsgate before being demolished. Heron Tower office building to the right.

142-150 Bishopsgate before being demolished. Heron Tower office building to the right.

4. March 2012
142-150 Bishopsgate before being demolished in spring 2012.

142-150 Bishopsgate before being demolished in spring 2012.

4. March 2012
Heron Plaza site in 2012

Heron Plaza site in 2012

7. April 2012
Heron Plaza site in September 2013. View from Bishopsgate.

Heron Plaza site in September 2013. View from Bishopsgate.

25. September 2013
Heron Plaza site from Houndstitch.

Heron Plaza site from Houndstitch.

25. September 2013
Devonshire House at Heron Plaza site.

Devonshire House at Heron Plaza site.

July 14, 2014
Heron Plaza development site in July 2014.

Heron Plaza development site in July 2014.

July 14, 2014
150 Bishopsgate in October 2016

150 Bishopsgate in October 2016

21.10.2016

150 Bishopsgate

Address:
142-150 Bishopsgate, London EC2M 4HX
Type:
Mixed use
Completion:
Forthcoming
Area:
49,820m2
Flats:
120
Viewed:
11932

Description of 150 Bishopsgate

150 Bishopsgate is a mixed use development comprising a luxury hotel, residential accommodation and retail uses (A1 - A3) in the City of London EC2.

Also known as Heron Plaza.

The Heron Plaza site provides unique planning consent to deliver a luxury new-build hotel and residential development in the City of London. The site has consent for an iconic 43-storey tower, designed by PLP Architecture, comprising approximately 562,000 sq ft gross floor area (340,000 sq ft net area) of 5-star luxury hotel, residential apartments and retail component. UOL will operate the hotel under its flagship “Pan Pacific” hotel brand.

The plaza, at the nucleus of Heron Plaza, will create a new public space animated by shops and cafes at its edges whilst retaining the most characteristic buildings on Bishopsgate and Devonshire Row which will be renovated to form an integral part of the new development.

It will create an organic cluster which clearly identifies the City's financial centre and creates a transition from the large scale of the commercial core to the lower scale of the Bishopsgate Conservation Area. The proposals also support the mixed use urban regeneration that has been underway around Spitalfields Market north east side of the site over the last ten years. The market is a centre for diverse retail, restaurant and café uses which bring vitality to an area which formerly had limited activity outside the working week. In addition, the completed Heron Plaza establishes strong links both to the commercial quarter itself and the mixed use urban quarter to its north.

The hotel and residential tower is more private and finely scaled than the workspace of the Heron Tower. It will have an external screen which will be constructed from a patinated natural copper alloy whose material tone and warmth will provide contrast and balance to the stainless steel to the Salesforce Tower.

The site is located at 142-150 Bishopsgate and 1-7 Devonshire Row (odd numbers), relocation of 1 Stone House Court and redevelopment of Stone House (128-148 Bishopgate and 77-84 Hiundsditch) and Staple Hall (87-90 Houndsditch), 1,3 and 5 Stone House Court.

The site is UOL's first investment in Europe. Freehold land of 3,200 sqm.

MSMR is providing space planning and interior architect services on the residential element.

Source: Heron International

Connected Companies

Architect:
Developer:

Buildington Rating & Notes

News & Comments: (2)

Buildington
2014/08/18 13:16

Heron International has sold Heron Plaza, its prime development site on Bishopsgate in the City of London, to UOL Group Limited (‘UOL’) for £97m.

Heron Plaza will be UOL’s first major development in London. UOL is a leading real estate company in Singapore with a diversified portfolio of investment and development properties, hotels and serviced suites. It owns, manages and/or markets over 30 hotels in Asia, Oceania and North America with close to 9,600 rooms in its portfolio under its “Pan Pacific” and PARKROYAL brands.

The Heron Plaza site provides unique planning consent to deliver a luxury new-build hotel and residential development in the City of London. The site has consent for an iconic 43-storey tower, designed by PLP Architecture, comprising approximately 562,000 sq ft gross floor area (340,000 sq ft net area) of 5-star luxury hotel, residential apartments and retail component. UOL will operate the hotel under its flagship “Pan Pacific” hotel brand.

Gerald Ronson, Chief Executive of Heron International, said:
“Heron Plaza is a landmark site in the heart of the City of London, which we have owned for almost 15 years. The demand for the site demonstrated that there is significant international interest in acquiring prime London assets and we are capitalizing on this opportunity. UOL is a very highly regarded experienced real estate investor and developer and I am confident that they will be very happy with this, their first investment in Europe.”

Gwee Lian Kheng, Group Chief Executive of UOL Group, commented:
“We are delighted to have acquired this prime site in London’s central financial district as part of our overseas strategic expansion. We are appreciative of Heron’s management and all the professional consultants involved for their responsiveness and efforts to facilitate the entire acquisition process. We look forward to establishing good rapport with the local community as we embark on the development of this project.”

Heron International was advised by CBRE, Savills and Taylor Wessing. UOL Group was advised by Berwin Leighton Paisner.

Source: UOL Group 14.08.2014

Buildington
2014/01/16 16:53

Heron Plaza - new on Buildington!

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