AXA Real Estate Investment Managers has submitted a planning application for a major redevelopment project in the City of London. The speculative mixed-use redevelopment at 1 St Paul’s will incorporate 5,575 m2 of office space and 1,860 m2 of retail and leisure space. The proposals also include the potential development of 930 m2 of residential apartments.

The redevelopment forms a substantial part of AXA’s development programme in the City of London, which is set to deliver some 47,000 m2 of space during 2013.

The St Paul's redevelopment is being undertaken on behalf of a single client mandate. Plans for the project were drawn up by architects Sheppard Robson. Work on the site has commenced and completion is due early in 2013.

AXA Real Estate is the property investment arm of insurance giant AXA. The subsidiary holds more than EUR 40 bn of assets under management and operates in 22 countries.