Baltic Exchange to push ahead with refurb
The owners of the historic Baltic Exchange building in the City of London have been given the go-ahead for a refurb they say will “sensitively” help the property “to meet modern office demands”.
The plans for Grade II listed 38 St Mary Axe, EC3, have been brought forward by the Baltic Exchange itself – which occupies the second floor of the six-floor building – and Baltic Investment Holdings, owned by Argo Real Estate.
Proposals were lodged last year and backed by a £28m loan from Fortwell Capital. The plans were approved by the City of London Corporation last month, according to filings.
The owners of the historic Baltic Exchange building in the City of London have been given the go-ahead for a refurb they say will “sensitively” help the property “to meet modern office demands”.
The plans for Grade II listed 38 St Mary Axe, EC3, have been brought forward by the Baltic Exchange itself – which occupies the second floor of the six-floor building – and Baltic Investment Holdings, owned by Argo Real Estate.
Proposals were lodged last year and backed by a £28m loan from Fortwell Capital. The plans were approved by the City of London Corporation last month, according to filings.
The MATT-designed refurbishment will include external repairs, the removal of “visually intrusive” rooftop plant, a new roof terrace and improved office space throughout, with open plan on the first, fourth and fifth levels.
The Baltic Exchange, a membership organisation for the maritime industry, has occupied the building since 1995, following the destruction of the previous Baltic Exchange building at 24-28 St Mary Axe by an IRA bomb in 1992.
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