Brookfield Fortifies London's Skyline with Sustainable 99 Bishopsgate Project

Deal News | Feb 05, 2025 | Mishcon

Brookfield Fortifies London's Skyline with Sustainable 99 Bishopsgate Project

Mishcon de Reya's construction team has successfully advised Brookfield Properties in obtaining approval from the City of London's Planning Committee for a new 54-storey office tower at 99 Bishopsgate. This project is set to add over 1 million sq ft of top-tier office space and 60,000 sq ft of public and cultural amenities, addressing 8.3% of the city's future office space needs by 2040. The development prioritises sustainability, featuring adaptive reuse, urban greening, and retention of existing foundations to minimize embodied carbon. These environmental initiatives reflect a broader industry trend towards ecological responsibility. Led by Justine Ayto, Mishcon's prominent Real Estate department facilitated the legal preparations, positioning Brookfield to enter the construction phase with a commitment to community enrichment and environmental stewardship.

Sectors

  • Real Estate Development
  • Construction
  • Legal Advisory

Geography

  • United Kingdom – The construction project is located in the City of London, making the United Kingdom the relevant geography.

Industry

  • Real Estate Development – The article focuses on the development of a significant office tower in London, which falls under real estate development.
  • Construction – The involvement of Mishcon de Reya in negotiating construction documentation links the article to the construction industry.
  • Legal Advisory – Mishcon de Reya's role as legal advisors in the project highlights their involvement in legal and consultancy services.

Financials

    Participants

    NameRoleTypeDescription
    Brookfield PropertiesDeveloperCompanyA major real estate developer responsible for the 99 Bishopsgate project.
    Mishcon de ReyaLegal AdvisorCompanyA law firm providing legal advice and negotiating construction documentation for the project.
    Justine AytoPartner and LeadPersonA partner in Mishcon de Reya's Non-Contentious Construction team, leading the project.
    William ChungLegal AssociatePersonAssisted Justine Ayto in the project.
    Charles JordanLegal AssociatePersonAssisted Justine Ayto in the project.