Commenting on the decision to approve plans to build a newheadquarters for UBS at 5 Broadgate, the City of London"s PolicyChairman Stuart Fraser said:"Whilst always mindful of the need to protect our heritage, theCity of London also works closely with current occupiers andpotential future occupiers to ensure the office space available inthe Square Mile meets their business requirements - this is vitalto our continued competitiveness"By approving the scheme at 5 Broadgate, the City of London hasprovided a fitting home for one of Europe"s largest banks and hasdemonstrated its commitment to providing a business environmentthat can continue to attract the world"s leading firms for manyyears to come."The City Planning Officer, Peter Rees added:"The plans approved today for 5 Broadgate demonstrate theadaptability of the original development concept and the vision ofits architect, Peter Foggo.

"Broadgate is defined by the quality of its open spaces whichhave been critical to its lasting appeal amongst the Citycommunity.

"The City of London works hard to ensure that new developmentsrepresent the best of contemporary architecture while respectingour cherished network of alleys and open spaces - the gossipchannels of the Square Mile - 5 Broadgate succeeds on bothcounts."