News release

 JLL appointed as leasing agent for revolutionary redevelopment of 99 Bishopsgate

Approval granted for Brookfield Properties’ 99 Bishopsgate development

January 31, 2025

Kat Blake

Senior Communications Manager
+44 (0)20 7087 5781

The City of London’s Planning Committee has today granted approval for Brookfield Properties’ 99 Bishopsgate development, a new 54-storey office tower of exceptional design quality combined with over 60,000 sq ft of vibrant and inclusive public and cultural amenities, set to transform the northern gateway into the City cluster. 

Meeting the evolving needs of the future City of London workforce, the development is expected to deliver 1 million sq ft of best-in-class office accommodation in 2031, contributing 8.3% of the additional office space required by the City by 2040 to support employment growth and solidify the City’s position as a leading global financial district. 

Designed by RSHP, the scheme will significantly enhance the experience for workers and visitors while demonstrating a strong commitment to sustainability. 99 Bishopsgate prioritises adaptive reuse, retaining the existing foundations, which make up nearly 50% of the building's mass, to reduce embodied carbon. Vertical gardens and expansive terrace spaces will enhance employee well-being and foster biodiversity, while urban greening initiatives at ground level will further enrich the visitor experience.

The development will also introduce seamless new pedestrian routes, connecting Liverpool Street Station to the heart of the City. These routes will be animated by extensive landscaping, the City Market—a vibrant 7-day-a-week food and beverage destination—and Open Gate, a striking standalone 6-storey cultural building programmed to attract new audiences. 

Positioned at the junction of Old Broad Street and Wormwood Street, Open Gate reflects input from young creatives across London. Envisioned as a hub for community engagement, artistic expression, and collective enrichment, it will be anchored by Intermission Youth, a dynamic theatre group that uses Shakespeare to empower underrepresented voices and foster inclusivity in the arts. This partnership ensures the space will serve as a vital resource for young people while contributing to the cultural vibrancy of the City of London. 

Brookfield Properties will contribute significantly to the local community, investing over £70 million through its Section 106 obligations. The development is also expected to act as a catalyst for economic growth, generating an estimated 7,500+ new jobs and injecting an anticipated £8.5 million per annum into the local economy through increased worker spending.

 


About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 111,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.