Renzo Piano's 'gem' building for the site between Borough High Street and London Bridge station has been granted planning consent by Southwark Council.
The new building seen alongside the main Shard building and Southwark Cathedral
Known as New London Bridge House, the scheme will involve the demolition of an existing 20-storey office tower
and replacing it with a 600,000 sq ft office and retail building
Looking towards Findlater's Corner
New London Bridge House is owned by the same consortium as the planned Shard at London Bridge and comprises Sellar Property Group, CLS Holdings plc and the Halabi Family Trust, represented by Buckingham Securities.
It is also proposed to create a new entrance to the Underground with an escalator link between street and concourse levels, together with 20,000 sq ft of new retail space.
The existing New London Bridge House
Sten Mortstedt, executive chairman of CLS, which will lead the development now that planning has been granted, said: "We are delighted to be able to continue the regeneration of this major transport hub with these exciting designs. This part of London offers huge potential and Renzo's visions and designs will finally turn the area into one of the capital's key office locations."
The new scheme incorporates a new bus station which will be partially covered by the overhang of the new building.
Looking down London Bridge Street