Eric Parry's 1 Undershaft, the skyscraper planned for the City of London financial district has been given the greenlight. The scheme has been developed by Aroland Holdings and designed by Eric Parry Architects and is set to replace the St Helen's tower. Upon completion, it will become the second tallest skyscraper in London and the United Kingdom.

The 73-storey development will rise to a height of 304.94m AOD (Above Ordnance Datum), crowning the new cluster of planned skyscrapers in the square mile. The building will provide approximately 90,000 sq m of office space. The offset design of the core and the rigidity provided by the unique external bracing means floor space has been maximized providing much needed flexible, quality office accommodation for businesses in the City of London.