City Plan to drive growth in the Square Mile approved
The City of London Corporation’s bold and ambitious draft‘City Plan 2040’passed the first hurdle of approval after members of the Planning and Transportation Committee yesterday (31 Jan) unanimously voted in favour of it. Committee Chairman Shravan Joshi MBE, said: “The City Plan 2040 will help to shape the built environment in ways that rise to the challenges of our time while making the most of the many strengths of the Square Mile.”
The draft Plan will provide a planning and policy framework that will guide the growth of the Square Mile over the next 16 years and underpin the City Corporation’s strategic priorities.Key policy drivers include provision for an additional 1.2m sqm of office floorspace by 2040, and transforming the Square Mile into a 7-day-a-week cultural and leisure destination.
Further details on the committee hearing and submissions put forward by CPA and other parties can be found here. For a summary of the key policies in the draft Plan and their likely impact on future development read our Gerald Eve blog for CPA members here.
Sustainability SPD forms key plank of City Plan
As reported in our last CPA newsletter, the City Corporation’s pioneering draft Sustainability Supplementary Planning Document (SPD) Planning for Sustainability, was approved by members at the Planning & Transportation Committee on 12 December. The principles set out in the document will form a key plank of the new City Plan and shape evolving policies on development and the environment, including the circular economy, biodiversity and climate resilience.
Public consultation on the SPD has not yet opened. In the meantime, CPA members can find a summary of how these policies will impact future development in a DP9 blog here.
Events
Register now to hear how the City Corporation’s draft City Plan 2040 and Sustainability SPD will provide a new policy framework to create world class public realm and open spaces, best-in-class, sustainable office space and build climate resilience.
This breakfast seminar will feature a keynote speech from the City Corporation’s Shravan Joshi MBE, Chairman, Planning & Transportation Committee, a presentation from Rob McNicol, Assistant Director (Planning Policy & Strategy) and a panel discussion on development and the future of the City.
The event is kindly hosted by CC Land on the 47th floor of the Leadenhall Building.
The event will explore the emergence of new hubs for science and innovation in the UK capital and the progress being made in locations such as King’s Cross / Euston and White City as established centres of excellence. Our expert panel of policymakers and property industry leaders (see here) will examine what London needs to help fulfil its potential as a life sciences superpower.
CPA members can still buy tickets for the CPA Annual Lunch 2024. Held at the Guildhall, our flagship event brings together the City’s leading real estate professionals for an afternoon of celebration and reflection on the Association’s progress and its ambitions for the year ahead.
Last year we welcomed behavioural economist, award-winning Financial Times columnist and BBC broadcaster Tim Harford OBE, who provided the keynote speech to our 450 attendees. Details of this year’s speaker will be announced in due course.
Members can purchase tables of twelve. Please note the ticket price includes champagne reception and white & red wine.
Date: Thursday 16 May 2024
Time: 12.00pm - 3.00pm
Venue: Great Hall, Guildhall, Gresham Street, EC2V 7HH
Save the date for our evening drinks reception on the fringe of this year’s UKREiiF in Leeds, in partnership with the Institute of Directors (IoD) Property & Built Environment Group and Sheffield Property Association. To register your interest please email team@cwpa.org.uk
A £680,000 project to improve Jubilee Gardens has been launched by the City Corporation. The plans include increased seating and the planting of new trees to create a greener, more inviting space. Read more here.
London top global financial centre
According to a new City Corporation report, London has retained its spot as the number one financial centre in the world, ranking highly on sustainable finance and talent and skills. Read more here.
Destination City Survey
Have your say on the City Corporation’s flagship policy, Destination City. Launched in 2022, the City Corporation is now undertaking an independent review of the programme. Fill out the survey here.
Green light for major City retrofit
Plans for the redevelopment of 65 Gresham Street that include public realm improvement, new retail outlets, and additional sustainable office space have been approved by the City Corporation. The proposals will see the site retain approximately 70% of the existing building’s structure. Read more here.
New research
We have launched our sixth and final publication in the Diversifying Real Estate guidebook series. Focusing on Faith and Religion, it was published in partnership with BAME in Property and features a foreword by its Founder and Director, Priya Aggarwal-Shah.
Click here to read our guidebook, which sets out recommendations on how to make companies and real estate projects more inclusive for religious people.
Other news and updates
New planning application for City’s tallest tower
Stanhope has submitted a full planning application for the revised 1 Undershaft. Designed by Eric Parry Architects, the 74-storey tower would be the tallest in the City cluster at 309.6m – the same height as the Shard. Read more here.
CPA responds to City Corporation Transport Strategy Review
In our submission we welcomed the City Corporation’s efforts to create a more inclusive and accessible City. Read our full response here.
City BIDs launch community funds
Fleet Street Quarter and EC BID have opened community funds worth £10,000 and £40,000 respectively. Charities, community businesses and local groups can apply for individual grants to help support their local areas. Read more here (EC BID) and here (Fleet Street Quarter).
New archaeological centre at recently approved 30 Minories
A Victorian warehouse building, known as ‘Writers House’ will be retained and repurposed as a self-contained building to provide an archaeological and cultural centre, equipped with new retail space as part of the recently approved 30 Minories. The scheme will deliver a 14,000sqm uplift in high quality, sustainable office floorspace. Read more here.
City voice
"London is a top global financial centre - but let's not get complacent"
In a recent City A.M article, Chris Hayward (Policy & Resources Chairman, City of London Corporation) discussed London’s success as a global financial centre and the need for solid policy and reform to widen the gap between the capital and its competitors. Read more here.
Partner events
Building skills to deliver positive change in business
Heart of the City is hosting a workshop focussed on skills to drive real, lasting change in organisations. This interactive workshop was co-designed with Skills Builder Partnership and is open to all levels.
LandAid’s SleepOut returns this March in an effort to bring an end to youth homelessness. Participants can raise money by sleeping out in one of seven UK cities or at home.
Co-founded by CPA and the City of London Corporation and delivered in partnership with NLA, our One City platform has grown to be London's largest place-based social media platform with over 100,000 Instagram followers.
Explore One City's guide to the Square Mile to find out more about the best pop ups, new openings and gigs in the City of London over the Christmas period. Find out more here. Visit them on Instagram here.
Member resources
Planning news
Both CPA and WPA members have access to our comprehensive database of all major decisions from central London's major planning committees. These can be viewed on our Planning News page.
For more details on all of the property news stories in the central London boroughs over the last seven days please visit the news section of the London Planningwebsite.
City Property Association, 10 Bloomsbury Way, Bloomsbury, London WC1A 2SL, United Kingdom
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