PineBridge Benson Elliot Granted Planning Permission to Develop ‘The Mark’

PineBridge Benson Elliot has achieved planning permission to develop ‘The Mark’, a new build sustainable modern office in the City of London, comprising of 215,000Sf prime workspace space, alongside 14,000Sf of cultural, food & beverage and retail space.

The Mark is being developed on 47 & 50 Mark Lane, a distinct part of the City of London which commands views over some of the City’s best-known landmarks and most valued heritage assets from terraces and balconies located at every level.

Working alongside development manager Hobart Partners, and designed by Danish Architect 3XN the design fuses four architectural blocks into a single floor plate whilst retaining the character and identity of a single building. The new building will provide a modern occupant focused environment, aiming to achieve Well Platinum, BREEAM Outstanding and a minimum 5-star Nabers rating. Working to the UKGBC framework the project will aim to achieve Net Zero carbon in operation and will aim to achieve an embodied carbon level of less than 500kg Co2/m2.

The Mark incorporates a digitally immersive exhibition hall that will provide educational heritage and cultural exhibitions for use by the community, public, building occupants and local businesses. To the front of the hall will be a café/foyer and tourist touchdown space all adding to the London’s Destination City offering.

The development is due to start in 2024 and will be completed in late 2026.

Nick Waring, Director of Development at PineBridge Benson Elliot Said: “The Mark’s leading design will create a new building that enhances the site’s relationship to the existing historic context. Our goal is to create an efficient, truly green, flexible environment for all its occupants. The building will be long-lasting and adaptable, with sustainability and circularity at its core.”

About PineBridge Benson Elliot

PineBridge Benson Elliot is a pan-European real estate private equity specialist with two decades of investment experience, deep market knowledge and in-house operational expertise. As of 30 June 2023, PineBridge Benson Elliot manages OverUS$3.8bn of AUM. Founded in 2005 as Benson Elliot Capital Management, the firm was acquired in December 2020 by PineBridge Investments, a private, global asset manager focused on active, high-conviction investing. As of 30 June 2023, the firm managed US$148.5 billion across global asset classes for sophisticated investors around the world.