Minerva has been awarded planning consent for its £1bn, 43-storey tower in the City of London, set to become the Square Mile’s tallest, largest building. Designed by Nicholas Grimshaw & Partners, the Minerva Building will be located on the site of St Botolph’s House, EC3. It will stand at 712 ft and provide 1m sq ft of space, including 22,000 sq ft of retail and a 19,000 sq ft rooftop restaurant. A new City square will also be created.
However, both Ken Livingstone, the Mayor of London, and the Deputy Prime Minister, John Prescott, may still call in the scheme. Nevertheless it seems unlikely that Livingstone will oppose the project, as his enthusiasm for tall buildings is well-documented and he has backed towers of similar scale including Irvine Sellar’s London Bridge Tower, which was approved late last year.
Minerva Chief Executive, Andrew Rosenfeld, commented: 'It is fitting that this magnificent tower, which will redefine the City´s skyline, has been created by a British developer working with a leading British architect. Within the context of a strengthening global economy we are confident that this development will provide investors with a unique opportunity to participate in significant additional shareholder value.'