Plans for the tallest tower in the City of London have been given the go ahead by the mayor's office.
The new 62-storey skyscraper will be the Square Mile's highest building, measuring 295m high.
The tower, at 22 Bishopsgate, will be built on the site of The Pinnacle - a seven-storey building that has been abandoned for four years following the financial crash.
It will accommodate 12,000 workers in 100 businesses, City Hall said.
Mayor of London Boris Johnson said: "After lying abandoned for four years, 22 Bishopsgate will now get off the ground, providing much-needed office space for thousands of city workers and a positive addition to the world-class architecture of the capital's skyline."
Developer Stuart Lipton said the mayor had recognised it as a "major contribution" to the City's vitality and a "distinguished and interesting building that includes a number of new innovations designed to put the health and wellness of people first".
The tower is due to be completed in 2019.
But it could soon be dwarfed by plans for a new 310m-high skyscraper at One Undershaft, which were unveiled on Monday.
Planning applications will be submitted for One Undershaft early in 2016.
