City formally approves plan to build 1.2 million sq m of office space by 2040

Undershaft 2024 5

City Plan 2040 document will now be sent out for public consultation before heading to the government for final approval

The City of London has formally approved its plan to build 1.2 million sq m of office floorspace over the next 16 years.

The City Plan 2040 has been rubber stamped by the Square Mile’s primary decision making body, the Court of Common Council, the last of three committees votes it needed to pass.

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