OBAYASHI PROPERTIES UK LIMITED (OPUK), a wholly owned subsidiary of Obayashi Corporation, is granted planning approval for redevelopment on "60 Gracechurch Street (60GS)" by city of London corporation.

OPUK acquired 60GS in March 2023, which located in the City of London's financial district adjacent to Lloyds of London and the Bank of England. The building stands a few minutes' walk from major tube stations including BANK, MONUMENT and CANNON STREET, and since it is situated just outside, but adjacent to, a planning conservation area, OPUK has considered redevelopment and held consultation with City of London Corporation. This redevelopment aims to achieve one of the most sustainable buildings aligned with City Plan, Climate Action Strategy, and Destination City programme introduced by City of London Corporation, including the installation of balconies on each floor, extensive public spaces, and provide tenants with optimum environment.

OPUK also owns Bracken House and 20 Gracechurch Street (75% stake) in the City of London. Together, these investments in London real estate contribute to a stable revenue base for the Obayashi Group. They facilitate diversity of the Group's global rental portfolio and enhance the value of our business.