Established commercial property firm, British Land, has announced that their plans are progressing to transform Exchange Square at Broadgate into a new public park for London.
Designed by architects DSDHA, the reimagined 1.5-acre Exchange Park will quadruple the amount of green space at Broadgate and will be the first project of its type in the City in recent years.
Oliver Sells QC, Chairman of the City of London Corporation’s Open Spaces and City Gardens Committee, said: “London’s green spaces are more important now than ever before and are treasured by residents, workers and visitors alike. We’re pleased to support British Land’s plans for Exchange Square. This move aligns with our radical Climate Action Strategy which will make the City of London net zero emissions by 2040 – in part by increasing the amount of green space in the City.”
In addition to the expansive green space, the park will feature an exciting mix of planting and trees, a stream, amphitheatre seating and new retail and event spaces.
Enabling works are already underway, and site works will commence in December.
David Lockyer, Head of Broadgate, British Land, said: “Creating better quality, healthier and more sustainable places is now even more important as [a] result of Covid-19. We are already doing this at Broadgate, which has undergone [a] significant transformation into a mixed-use destination that appeals to everyone. This is a fantastic opportunity to continue to do this, by creating a new park for London at Broadgate that can be enjoyed by all the community.”
Health and wellbeing form a vital part of the £1.5 billion investment in Broadgate to create an environment that brings people together to work, shop, drink, and dine.
Research commissioned by British Land shows that putting good design at the heart of urban development could lead to substantial improvement in peoples’ mental health, which would result in significant economic rewards.
The evolution of Broadgate into a world-class, mixed-use destination continues, with the recent completion of 100 Liverpool Street and 1FA.
The 520,000 sq ft, 100 Liverpool Street redevelopment was designed by Hopkins Architects, with a focus on technology, sustainability and wellbeing. The building has attracted an exciting occupier mix including GANT, Watches of Switzerland and the UK’s first John Reed gym, as well as office occupiers including law firm Millbank.