On Tuesday (18 January) the Corporation of London decided to allow the demolition of the 1960s building by John Poulson to make way for the multimillion pound eight-storey office block.
This competition winning scheme will also remodel the existing Cannon Street Station, one of the busiest in the city, improving facilities for both rail and tube passengers.
Organised around a central atria, the 36,000 sq m of office accommodation will be built around the perimeter of the site to avoid disruption to the railway infrastructure.
A glazed porte cochere on Cannon Street will mark the entrances to both the railway station and the office block.
The proposal, masterminded by developer Hines, was prepared in consultation with the Corporation of London, English Heritage, the Greater London Authority, CABE, Network Rail and London Underground.