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Brookfield is to build a new 700,000 ft2, 37-storey tower in the City of London - and work could begin as early as 2018.

Designed by architect Make the plans for the proposed office tower at 1 Leadenhall feature a 9,600 ft2 public terrace with winter garden overlooking the historic Leadenhall Market.

The tower will provide 538,000 ft2 of office space plus 51,500 ft2 of retail space on the first three floors.

Amazon occupies the current building, Leadenhall Court, but will vacate the premises at the end of 2017.

The demolition and main construction work will then take up to three years.

Brookfield鈥檚 Tim Wells, who is heading up the scheme for the developer, said the company was aiming to submit a planning application by early August with a view to getting a planning decision by the end of this year.

He added that one of the opportunties and challenges for 1 Leadenhall was 鈥渇inding a way to design a building that embraces the heritage鈥� of the area and Leadenhall market.

Brookfield has launched a three-day public consultation on the scheme beginning today (Monday) at 1pm at St Ethelburga鈥檚 Church, 78 Bishopsgate, London, EC2N 4AG.

A spokesperson for Brookfield Property Partners said: 鈥淲e are delighted to be able to share our future plans for a new tall building at 1 Leadenhall. We invite members of the public to visit our exhibition, which is taking place between 20th and 22nd June, and provide their feedback.

鈥淚n particular, we are keen to share our proposal to create a new free public terrace overlooking the historic roof of Leadenhall Market and new larger pavements for this key part of the City of London.鈥�