Global asset manager Aviva Investors has appointed CO–RE to redevelop 130 Fenchurch Street in the City of London.

The central London commercial property developer revealed it is working with architect Wilkinson Eyre on new plans for the office building, with a planning application due to be submitted to the City of London early next year.

The building is in the City’s eastern cluster, close to the Fenchurch Street and Monument stations. It is next door to One Fen Court, which CO–RE is also redeveloping, for Generali, which has prelet it to M&G for its new London headquarters.

The 130 Fenchurch Street redevelopment will bolster Aviva Investors’ City development portfolio, which includes One Liverpool Street and 101 Moorgate, together containing 250,000 sq ft of office and retail space.

James Stevens, head of real estate investment at Aviva Investors, said it was looking forward to working with CO–RE “in bringing this substantial project to life”.

He added: “Fenchurch Street is a thriving development area in the City of London, with a fast-evolving skyline. We are pleased to have appointed CO–RE, as part of an experienced team, to take forward the redevelopment of 130 Fenchurch Street, an ambitious project that shows our continued commitment to the City and its long-term prospects.”

CO–RE CEO Bradley Baker added: “We are very proud of CO–RE’s legacy in this part of the city, and are grateful to Aviva Investors for giving us the opportunity to continue to help the eastern cluster keep improving and growing so that it can attract the biggest and best occupiers.

“Whilst it is too early to reveal details, we hope to replicate our formula for connecting major investors with world-class design teams to create buildings that businesses and their people want to work in.”

CO–RE has worked on over 12.5 million sq ft of assets with an investment value of more than £10bn over the past 20 years. Among its notable schemes is 20 Ropemaker for OPLM, and it is working on Landsdowne House, which will become the new European headquarters for Blackstone.

CO–RE also recently received planning permission to redevelop the former ITV Studios on London’s South Bank for Mitsubishi Estate, following a drawn-out planning process that saw the scheme called in by former housing secretary Michael Gove. However, opponents of the scheme are reportedly plotting a further legal challenge to it.