MEAG stats on Finsbury Square redevelopment

MEAG has commenced construction on the redevelopment and expansion of 30 Finsbury Square, following planning approval from Islington Council. The project aims to transform the existing structure into a nine-storey, fully electric office building, delivering high-quality workspace with a focus on sustainability, flexibility, and user well-being.

Located in one of London’s prime business districts, the development includes the addition of a new top floor, which will feature a green roof terrace and a winter garden. A redesigned two-storey entrance will integrate a public café and terrace. Other enhancements include new wellness facilities, an additional building entrance, an updated façade, and a complete overhaul of the mechanical, electrical, and plumbing systems. The building will operate on a fully electric energy system powered by air heat pumps and photovoltaic panels.

End-of-trip facilities will support environmentally conscious commuting, with dedicated bicycle parking, showers, changing rooms, and a wellness area. The refurbishment also emphasises retention and reuse. Ninety percent of the existing building structure, including the original Portland stone façade, will be preserved to reduce embodied carbon.

Moritz Maier, project director at MEAG, described the scheme as “an ambitious project that aims to set the highest standards for a sustainable office refurbishment in the City.” He noted that the design prioritises modern occupier needs while maintaining respect for the building’s architectural heritage. “Together with our partners, we’re creating an adaptable, efficient environment,” he said.

The project targets the highest sustainability credentials, with goals including BREEAM “Outstanding,” WELL “Platinum,” and NABERS UK certification.

Key partners on the development include Fletcher Priest Architects (architect), Collins Construction (general contractor), CBRE (project control and management), Savile Brown Associates (cost management), Introba (MEP design), Maffeis (structural and façade planning), and legal advisor Simmons & Simmons. Knight Frank and Cushman & Wakefield are advising on real estate.

MEAG is the asset manager for Munich Re. Operating across Europe, Asia, and North America, the firm manages approximately €360 billion in assets, of which €62 billion is for clients outside the Munich Re group.