An £850 million building project on Broadgate in London by British Land looks set to go ahead.
It is expected to create 5,000 construction jobs over the next five years and provide further economic growth in the area.
The company hopes to meet particularly high sustainability standards by having the largest solar panel array of any commercial premises in the capital, as well as a rainwater harvesting scheme as part of an innovative design by architect practice Make.
Culture secretary Jeremy Hunt rejected a proposal by English Heritage to list properties in the area to prevent redevelopment, which it had viewed as some of the “best and most representative buildings” of the 1980s.
Chris Grigg, chief executive of British Land, stated that he was “delighted” by this decision, which will allow this area “to continue to evolve as a sustainable and flexible office location” as well as ensure number five Broadgate can meet the expected needs of potential and existing occupants.