KONE Corporation has secured an order to supply elevators and escalators for the redevelopment of 55 Old Broad Street in London’s financial district. The project includes a new 23-storey office building and refurbishment of the adjoining 65 Old Broad Street property.
Located near Liverpool Street station, the development is designed to provide Grade A office space, new pedestrian routes and upgraded facilities. The two buildings are targeting BREEAM Outstanding and five-star NABERS certifications. The project is being developed by AshbyCapital, with Landsec acting as development manager. Skanska UK is the construction contractor, while Fletcher Priest Architects is responsible for the architectural design.
KONE’s order covers 15 elevators and two KONE TravelMaster escalators with customised cladding. The elevator package includes five KONE MiniSpace DX double-deck elevators equipped with KONE UltraRope technology. The system is designed to reduce the space required for elevator infrastructure, allowing more usable space at the top of the building and in the basement.
The installation will also include KONE’s Destination 920 destination control system, which is designed to manage passenger movement and reduce waiting times. KONE E-Link monitoring and KONE 24/7 Connect will provide real-time equipment information to support building management and maintenance. The combined people-flow systems are designed to manage the movement of approximately 2,100 people each day across the two buildings.
Karla Lindahl, Executive Vice President for Europe at KONE, said the company had worked with the project team from the early design stages to develop a solution suited to the building layout. She said the selected lift and escalator technologies would support efficient movement within the development while meeting its requirements for modern office facilities.
KONE booked the order in the second quarter of 2026. Work on site is scheduled to begin in March 2027, with construction expected to be completed in 2029. The new building will rise to 87 metres and comprise 23 storeys. Together with the refurbishment of 65 Old Broad Street, it will form part of a wider redevelopment intended to provide modern office accommodation in the City of London. The project adds to KONE’s portfolio of elevator and escalator installations in commercial buildings. Its equipment and monitoring systems are designed to support passenger movement, equipment performance and building operations.
KONE Corporation is a global supplier of elevators, escalators and related services. The company provides equipment, maintenance and modernisation solutions for residential, commercial and public buildings, with a focus on the movement of people within buildings.
