Construction commences on Woolgate refurbishment

Stanhope and the Woolgate Exchange Unit Trust (WEUT) are pleased to announce that Mace has commenced construction work on the redevelopment of Woolgate, an iconic headquarters building.

The project, designed by Stiff + Trevillion, will transform the existing building so that it responds to the needs of modern office occupiers, providing 320,000 sq. ft of reimagined and sustainable workspace. The nine-storey building will feature a 4,000 sq. ft. communal roof terrace along with a new rooftop ‘pavilion’ events space offering panoramic views of St. Paul's Cathedral and the iconic City tower cluster. The pavilion, set in a fully landscaped terrace with planters and seating will also serve as a communal events venue for occupiers of the building.

Woolgate will feature a host of additional amenities, designed to promote productivity in the workplace. Food and beverage operators will occupy over 11,000 sq. ft, and multiple private terraces spanning over 17,500 sq ft will provide generous outdoor spaces for relaxation and collaboration at every level. The building also benefits from extensive ground floor public realm space both on Basinghall Street and Coleman Street. These landscaped outdoor spaces will enhance the wellbeing of tenants, whilst providing urban greening, biodiversity and first class public realm for the local area.

Repurposing and reuse are central to the project, with an ambitious strategy to retain 98% of the existing structure. The all-electric building will be net zero carbon in construction and operation. To further minimise its environmental impact, the Woolgate redevelopment has secured 100% green power purchase agreements (PPAs) and is targeting a 4.5-star NABERS rating and BREEAM Excellent certification.

Accessibility and connectivity are paramount at Woolgate, with dual access and receptions from Basinghall Street and Coleman Street. The building sits in a prime London location, with seven mainline stations conveniently within a 10-minute walk. In particular, the Elizabeth Line is less than a two-minute walk away, providing connectivity across London and beyond.
Construction is set to complete early 2025.

Laura Collins, Project Director at Stanhope at Stanhope said:
“Our vision for the Woolgate redevelopment is to create a transformative space that combines sustainability, innovation, and functionality. We are excited to reimagine this landmark building and deliver a state-of-the-art headquarters that promotes productivity, well-being, and connectivity. With its innovative amenities and commitment to preservation and green practices, Woolgate will set new standards in commercial real estate, reflecting our dedication to shaping the future of workspaces."

Ged Simmonds, Managing Director for Offices, Construct, at Mace, said:
“We are delighted to be part of such an ambitious scheme that puts sustainability at its heart, providing world-leading office space for current and future City workers. We look forward to working alongside Stanhope and our partners to bring the exciting vision for Woolgate to life.”

Mike Stiff, Founder, Stiff +Trevillion comments:
“We are excited to be working on this flagship retrofit project with highly ambitious sustainability targets.  Together with Stanhope and Mace, we will be creating a workplace that meets the future needs of the City workforce including access to outside space and a focus on their health and well-being.  As long-term pioneers of repurposing and re-imagining existing buildings we’re looking forward to delivering this scheme in partnership with our design team colleagues.”