The current London headquarters of PwC at 1 Embankment Place is planned for transformation into a "sustainable workspace" following the firm's departure in 2030. Property and asset management firm Bridgemont announced on Friday that it has submitted a planning application to Westminster City Council for the redevelopment.
The proposals include a 35,000 sq ft business space and a new gateway between the West End and the South Bank, featuring retail and leisure options. The planning application follows two rounds of public consultation and aims to preserve approximately 90 per cent of the building's existing structure, which was completed in 1991 and designed by Sir Terry Farrell. Sir Terry's son, Max Farrell, is partly leading the redesign.
Sustainability targets for the project include an aim to reduce operational energy use by 70 per cent compared to the current building, with the goal of becoming a fully decarbonised, all-electric building that avoids fossil fuels. City-based architects Hopkins are leading the sustainable overhaul.
PwC announced in July that One Eden in Canary Wharf will be its new London headquarters, occupying 350,000 sq ft of space. The building currently serves as Citigroup's European, Middle East, and Africa headquarters.