July 20, 2026
Railpen secures planning approval for major Smithfield office scheme
Railpen has secured planning permission for the redevelopment of 12 Smithfield, paving the way for a major office scheme in the City of London as the surrounding area undergoes significant regeneration. The £34 billion Railways Pension Scheme manager plans to transform the existing building into a 122,000 sq ft office development, with completion expected in the fourth quarter of 2028. The scheme is intended to provide new office space alongside retail, café and amenity uses, overlooking the historic Smithfield Market site. The project forms part of wider investment in the Smithfield district, where around £400 million is being invested ahead of the opening of the new London Museum in 2028. The museum will occupy part of the former Smithfield Market complex and is expected to become the centrepiece of a new cultural quarter. More →





















































