Goldman Sachs’ London Office Project Wins Planners’ Support

Goldman Sachs Group Inc. (GS) won planner’s support to develop an office building that may become its new European headquarters.

Officials recommended that the City of London financial district approve the project near the company’s current Fleet Street base, according to documents posted on the borough’s Website. The council is set to vote on the plan on March 22.

The building at 70 Farringdon Street will have around 78,000 square meters (840,000 square feet) of internal office space, according to the application letter.

Goldman Sachs was given permission in September to move a set of protected murals from the building, helping to clear the way for the redevelopment.

To contact the reporters on this story: Chris Spillane in London at cspillane3@bloomberg.net; Neil Callanan in London at ncallanan@bloomberg.net

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net

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