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After a fairly average year for the central London office market, which in the context of a struggling economy and a moribund regional office market, is really good news; we look at the prospects for the Olympic 2012 and beyond. What does the year hold in store for both occupier and development activity in London?
Subscribe to find out..... - (01-03-2012)
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Aon, the risk management company, has confirmed its pre-let of 191,000 sq ft of new offices at 122 Leadenhall Street, EC3 - aka the 'Cheesegrater' building. Aon will take floors 4-13, comprising one third of the 610,000 sq ft skyscraper, upon completion of the 47-storey building in 2014. Initially set for completion in the third quarter of 2014, construction company Laing O'Rourke has now cut its building schedule by a few months to bring the completion date forwards to the second quarter. The Richard Rogers designed is being developed as part of a joint partnership between British Land and Oxford Properties. - (18-11-2011)
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The UK's tallest crane is now in place over the Shard in London, SE1. The crane will reach 317m (1,040 ft) above ground level and will enable the building modules making up the 23-storey steel 'spire' to be put in place. - (10-10-2011)
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The European Medicines Evaluation Agency (EMEA) is to pre-let of 23,226 sq m (250,000 sq ft) at 25 Churchill Square, Canary Wharf, London, E14. The EMEA is expected to occupy the promenade, ground and first nine floors of the 20 storey office in 2014/2015. EMEA is thought to have agreed a rent of £46.50 on a 25 year lease with no breaks starting in January 2015. The agency is reported to have the option of taking an additional four floors of around 2,555 sq m (27,500 sq ft) each. A 37 month rent free period has been agreed which will be used to pay for the building’s fit-out. - (16-09-2011)
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The Government has decided not to list the Broadgate complex in the City of London, EC2, clearing the way for construction of a new 12-storey 700,000 sq ft HQ for UBS bank at 5 Broadgate by developer British Land. Completion is scheduled for 2014. - (16-06-2011)
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London’s next development cycle is now well underway with some 30 office schemes starting in the last six months, amounting to 510,962 sq m (5.5m sq ft) of new space coming on-stream.
Skyscrapers are topical again, and in this CityOffices newswire we look in detail at the unprecedented ‘clutch’ of new office towers (defined as 20+ storeys) nearing completion, underway and planned.
The last development cycle saw completion of the 37,160 sq m (398,000 sq ft), 34-storey Broadgate tower, EC2, now largely fully let; the 38,740 sq m (417,000 sq ft) 36-storey 125 Old Broad Street, EC2 has only 5,000 sq ft still available; the 55,091 sq m (593,000 sq ft), 36-storey Ropemaker Place, EC2, which is fully let; and the 25-storey, 30,750 sq m (331,000 sq ft) Drapers Gardens scheme in Throgmorton Avenue, EC2, which was pre-let.
All the above towers are in the City of London and interestingly there were no skyscrapers completed in Canary Wharf in the last cycle, or, less unusually, in the West End, Midtown or fringe. The almost-complete 59,921 sq m (645,000 sq ft), 46-storey Heron Tower in Bishopsgate, EC2, will end the tower building activity for the 2006-2011 property cycle.
The next cycle will see completion of the 75,901 sq m (817,000 sq ft), 80-storey, Shard, SE1 in 2012; the 63-storey, 111,482 sq m (1.2m sq ft) Pinnacle, EC2, in 2013; the 37-storey, 79,895 sq m (860,000 sq ft) 20 Fenchurch Street, EC3 (Walkie Talkie) and 47-storey, 67,075 sq m (722,000 sq ft) Leadenhall Building (Cheesegrater) both in 2014.
Schemes which are not yet under construction and may be completed in the next cycle are the 40-storey, 71,534 sq m (770,000 sq ft) 100 Bishopsgate, EC3, where a 2011 start is envisaged; the 22-storey, 27,870 sq m (300,000 sq ft), 60-70 St Mary Axe, EC3 (Can of Spam); and the 21-storey 93,440 sq m (1m sq ft) Aldgate Place, E1.
Elsewhere, a possible 20-storey plus scheme is being designed for Elizabeth House, and a 31-storey scheme for Kings Reach House, both in SE1. At Canary Wharf, the 2m sq ft redevelopment of Heron Quays is planned to include a 33-storey tower and there are still outstanding proposals for a 43-storey part office tower at Crossharbour; a 43-storey tower at Millharbour; and a 63-storey tower at the site formerly known as Columbus Tower in E14. In the West End, plans for the Victoria Interchange include a tower of up to 20-storeys.
The question is how successful are these new towers likely to be? The Gherkin (30 St Mary Axe) in EC3, has rapidly became a London icon, but 10-years ago, post 9/11, it was very slow to let, with over 50% still vacant on completion. Other high-rise buildings such as Centrepoint in the West End and 1 Canada Square at Canary Wharf were slow to let in the early days. Despite these examples developers seem keener than ever to build towers.
In total some 315,868 sq m (3.4m sq ft) of office space is under construction in five office towers, but still available, with a further 260,126 sq m (2.8m sq ft) in towers that could start in 2011 or 2012. These are big numbers, however, to put it in context, the City of London saw lettings of new unoccupied office space of 260,126 sq m (2.8m sq ft) in 2010, so a single year’s take-up could almost fill them. The five towers will be completed over a four-year period, during which they will currently face limited competition from newly completed, large, low-rise schemes in the City.
Experience from completed towers such as Broadgate Tower, 125 Old Broad Street and Ropemaker Place shows that the majority of lettings tend to be signed-up after the development has been completed. In general, only a small proportion of a tower’s floorspace is pre-let before completion. However, the experience of the recent letting of 17,744 sq m (191,000 sq ft) to Aon at the Leadenhall Building may indicate a more active pre-let market than previously for the new London towers.
An analysis of the occupiers of recently completed towers shows that the major share (51%) is taken-up by financial services with professional services (including law), in second place (23%). With the just two sectors accounting for 74% of deals done it is no wonder that these are the main targets for developers and their agents.
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An unusual ‘bulge’ of lease expiry and breaks due in the period 2013-15 has partly contributed to developers enthusiasm in starting new schemes in the last few months; and in-turn this has led to developers with refurbishment schemes to also leap into competitive starts to achieve completion before the towers come on-stream.
The future of the next generation of towers will depend on attitude of the 200 medium to large office occupiers in the City of London now actively looking for space, or with lease expiries due in the next four years. If occupiers show the same enthusiasm for high-rise working as those firms moving in the previous office cycle, then the new towers coming to the London skyline will succeed. it will just take a little time.
Andy King
Director
CityOffices.net
- (20-05-2011)
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Construction of Land Securities and Canary Wharf Group's “Walkie Talkie” building has finally got underway at 20 Fenchurch Street, EC3. Piling for the Rafael Viñoly designed building has begun with completion to ground floor planned for February 2012 and final completion anticipated in early 2014. When complete, the 37 storey building will provide 690,000 sq ft grade A office space in the City of London, topped by a public sky garden. Canary Wharf Contractors Limited, is the construction manager. - (19-01-2011)
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Targetfollow has gained revised consent for its planned 22-storey office development with retail at ground level, at 60-70 St Mary Axe, London, EC3. The building is being nicknamed "Can of Spam" because of its shape. The architect is Foggo Associates for the 39,166 sq m (421,582 sq ft) gross or 27,870 sq m (300,000 sq ft) net, island scheme. A start is not expected until 2011 or 2012. DP9 is the planning consultant. DTZ is advising on the development. - (02-07-2010)
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110 Bishopsgate a.k.a Heron Tower, the 46 storey, 230m high, building that will provide 40,836 sq m (439,560 sq ft) of grade A office space close to Liverpool Street Station, London, EC3 was topped out today. Heron International, will complete the tower in March 2011, when in addition to the office space the building will also provide apartments, restaurants and skybar. Heron chief executive Gerald Ronson said "I believe that Heron Tower has come to market at the right time.”
- (12-04-2010)
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British Land, developer of 'The Cheesegrater', otherwise known as the Leadenhall Building at 122 Leadenhall Street, London, EC3, one of the tallest towers planned for the City of London before the recession, say it it is thinking about beginning construction of the 47-storey Richard Rogers designed tower. British Land said it was “thinking pretty seriously” about reviving the project, which will provide 82,721 sq m (890,409 sq ft) of office space 56,856 sq m (612,000 sq ft net) and 2,150 sq m (23,142 sq ft) of retail space. - (01-04-2010)
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Wood Wharf Limited Partnership, comprising British Waterways, Canary Wharf Group and Ballymore Properties, has submitted detailed plans for two office buildings at Wood Wharf, E14. The two office buildings (W01 & W02-03) will be located on the northern side of the site. Building W01 designed by Kohn Pedersen Fox Associates, will be 134m tall and provide 84,600 sq m (911,000 sq ft) of office space over about 30 storeys. Building W02-03, at a height of 194m, is designed by Clarke Pelli and provides 149,000 sq m (1.6m sq ft) of floor space over about 40 storeys. - (04-06-2009)
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Targetfollow has gained consent for its planned 22-storey office tower with retail at ground level, at 60-70 St Mary Axe, London, EC3. The building is being nicknamed "Can of Spam" because of its shape. The architect is Foggo Associates for the 39,166 sq m (421,582 sq ft) gross or 27,870 sq m (300,000 sq ft) net, island scheme. Finance has yet to be secured. A start is not expected until 2010. DP9 is planning consultant. DTZ is advising on the development. - (19-12-2008)
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The construction of Formation’s "Aldgate East”, at 1 Commercial Street and 101-110 Whitechapel High Street, London E1, has stopped. The building has reached concrete frame stage up to 11 storeys but its future is now being decided by administrators Ernst & Young. The development is planned as a 22 storey tower with about 8,640 sq m (93,000 sq ft) of office space, 217 residential units, and 1,068 sq m (11,500 sq ft) of retail space. The Formation Group, the sports talent manager, is understood to have raised a £93m loan for the land and building work from Heritable, part of Landesbanki, the failed Icelandic bank. As part of the deal Formation agreed to underwrite £11.6m of the loan, which now becomes a liability. Completion was planned for May 2010. - (18-12-2008)
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The New Broadcasting House project for the BBC in Portland Place, W1, is seeking workplace and interior design consultants for the 45,000 sq m (484,380 sq ft) net fit-out of the eight story Phase 2. The £110m Phase 1 involved the refurbishment of Broadcasting House of 16,600 sq m (178,882 sq ft), and the new build East Wing (Egton House), a five storey 6,800 sq m (73,195 sq ft). Phase 1 completed in early 2006. The £262m Phase 2 is an eight storey 54,000 sq m (581,256 sq ft) gross building due to be completed in mid 2009. The fit out project is due to be appointed in the New Year for a start in April 2009 and occupation is planned for September 2012. - (17-12-2008)
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LMS (City Road), part of Derwent London, has gained consent on appeal for the redevelopment of its City Road Estate in London, EC1, including 80-100 City Road. The proposal includes approximately 10,219 sq m (110,000 sq ft) of offices, 930 sq m (10,000 sq ft) of retail and 250 residential units within a 45-storey tower. Squire and Partners is the architect. - (14-11-2008)
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A public inquiry has been ordered into P&O and Morgan Stanley Real Estate's proposed 1.43m sq ft redevelopment of Elizabeth House in London, SE1. The ‘Three Sisters’ scheme proposes two office towers, totalling almost 1.2m sq ft and reaching up to 22 storeys and a 33 storey, 277,500 sq ft residential tower. The inquiry will focus on the 'appropriateness of tall towers at this location'. Completion was planned for 2011. - (07-11-2008)
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ING Real Estate has completed its 1,548 sq m (16,667 sq ft) office refurbishment of the seven-storey office and retail building at 2-4 Eastcheap, London, EC3. Tuffin Ferraby Taylor advised. Cuffe was main contractor and the letting agent is King Sturge. - (15-02-2008)
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Land Securities, the developer, has won the planning inquiry into its planned £200m, 39-storey skyscraper at 20 Fenchurch Street, London, EC3. The 160m high ‘Walkie Talkie’ scheme, looking a bit like a mobile phone, will provide 55,741 sq m (600,000 sq ft) of office space, 1,114 sq m (12,000 sq ft) of retail space and 3,716 sq m (40,000 sq ft) “Skyroom” function facility. There are also plans for a 1,745 sq m (18,783 sq ft) office next to the tower. Work on the development could start in late 2007 for 2010 completion. - (11-07-2007)
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Project Abbey, the consortium of investors led by Christian Candy, founder of Candy & Candy, is submitting a planning application for the redevelopment of the Middlesex Hospital site on Mortimer Street, London, W1. The 1.3ha (3 acre) NoHo site will be redeveloped into 273 apartments and a 32,980 sq m (355,000 sq ft) nine storey office building. - (14-02-2007)
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CityPoint in Ropemaker Street, London, EC2, is thought to be about to go on the market with an asking price of £650m. The 34-storey 65,681 sq m (707,000 sq ft) building is owned by US developer Tishman Speyer and partners Schroders, SITQ and UBS, who acquired the property for about £520m in 2006. - (06-02-2007)
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Land Securities has revealed new plans for its (185,000 sq m) 2m sq ft office development on a site on Victoria Street, to the front of Victoria Station, London, SW1. The revised plans are now for two twin 50 storey office towers. The original plans for three skyscrapers of between 25 and 42 storeys were submitted last year but the application was withdrawn. Westminister City Council is looking for one tower of 12 storeys but powers under the Greater London Authority Bill may allow the Mayor of London to overrule the council if the scheme is refused. The scheme therefore seems likely to be called in. - (01-02-2007)
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Swiss Re has put 30 St Mary Axe, London, EC3, otherwise known as The Gherkin, up for sale. It is thought that the iconic 40-storey building could achieve a sale price of over £550m. Swiss Re is being advised by DTZ and Eurohypo. - (18-09-2006)
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Thornfield Developments has had its plans to redevelop the west wing (General Market building) of the former Smithfield market at 43 Farringdon Street, London, EC1, called in and could face a public inquiry. The plans are seen as a possible conflict with “national policies on important matters”. The £150m plans are for a seven storey 39,204 sq m (422,000 sq ft) redevelopment. Other buildings in Smithfield are no longer part of the plans, which have been scaled down following the listing of the Red House cold store earlier in the year. - (06-07-2006)
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The Beetham Organization is thought to be about to submit plans for a 92,920 sq m (1m sq ft) office and retail scheme on a 1.3ha (3.2 acre) site that includes Bain Dawes House and Latham House, 16 Minories, London, EC3, and Aldgate bus station. The scheme involves three office buildings with 3,251 sq m (35,000 sq ft) of retail space. The first phase of the development could start in March 2007, subject to planning permission. The tallest building is 22 storeys and the 12 storey block could be first and developed as a speculative building. - (06-07-2006)
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Standard Life Assurance has started work on the redevelopment of 1 Old Jewry, London EC2. The £20m scheme and will complete during the final quarter of 2007. The nine-storey 7,154 sq m (77,000 sq ft) scheme includes 5,964 sq m (64,200 sq ft) of offices, a wine bar and 684 sq m (7,360 sq ft) of retail. - (04-07-2006)
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Sir John Cass's Foundation, the inner London educational trust, is still in negotiations with the City Corporation for a redevelopment behind the 1899 façade of 31 Jewry Street, London, EC3. The new teaching and laboratory space and office planned would amount to 8,560 sq m (92,139 sq ft) on six storeys. The application for renewed permission was withdrawn from last weeks planning committeee for further negotiations. The architect for the latest scheme is Chapman Taylor - (21-11-2005)
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The Royal Bank of Scotland has at last received planning consent for the redevelopment of its Drapers Gardens site bounded by Copthall Avenue and Throgmorton Avenue, London, EC2. The existing building is 32,996 sq m (355,168 sq ft) and the current proposals, submitted in April 2004, are for a stepped building of between five and 16-storeys, providing 37,452 sq m (403,733 sq ft) gross floorspace. The office element of the scheme will be on 13 floors and amount to 30,761 sq m (331,111 sq ft) gross external. There will be 131 sq m (1,410 sq ft) of retail space on the ground floor. The architect is Foggo Associates and Drivers Jonas is the development advisors. - (21-11-2005)
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CityPoint, the 36-storey skyscraper, on Ropemaker Street, London, EC2, is thought to be on the market and could be sold by the City of London Office Unit Trust (CLOUT) for around £500m. CLOUT was set up by Pillar Properties, now part of British Land, and Schroders, the fund manager, in 2001. CityPoint has about 52,675 sq m (566,993 sq ft) of office space and around 11,148 sq m (120,000 sq ft) of retail and leisure uses on the ground a lower floors. The building was built in 1967 and was named Britannic Tower, the former headquarters of British Petroleum. The building was re-named CityPoint after a major rebuild to a design by Sheppard Robson, which was completed in early 2001. - (28-08-2005)
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Hammerson has entered into a £4.1m three-year option agreement with London Borough of Hackney to acquire the long term leasehold interest in Northgate, at Worship Street and Curtain Road, London, EC2, adjoining the Norton Folgate site already owned by the group. Lehman Brothers has agreed to end its current option arrangement on the Northgate site which has permission for 71,500 sq m (770,000 sq ft) of offices. Hammerson already has permission for a 20-storey office of 18,600 sq m (200,000 sq ft) on the Norton Folgate site. Hammerson is to submit a planning application later in the year for a revised mixed-use development of 79,000 sq m (850,000 sq ft), with about 43,000 sq ft (463,000 sq ft) of offices, hotel, and residential apartments. - (01-08-2005)
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The Riverside South development at Canary Wharf, London E14, has been granted planning permission by London Borough of Tower Hamlets. The 278,700 sq m (3m sq ft) scheme by Canary Wharf Group comprises twin office towers of 28 and 34-storeys. The permission is subject to a £20m Section 106 agreement. Knight Frank and CBRE are the letting agents. - (17-07-2005)
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Centre Point, the Richard Seifert designed skyscraper, on Tottenham Court Road, London, W1, has been put on the market by its owners, a consortium of Deutsche Bank, Europa Capital Partners and Apollo Real Estate Advisors, for about £80m. The 32-storey 16,257 sq m (175,000 sq ft) tower, now listed, was built in 1964 and became a symbol of the worst excesses of the property development industry at the time. - (08-07-2005)
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There are two less cranes on the London skyline today as those on the Palestra development on Blackfriars Road, SE1, gears up for the topping out ceremony next week. The 13-storey 27,870 sq m (300,000 sq ft) office building will complete in mid 2006. - (02-06-2005)
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St Martin's Property Corporation’s planned 19,000 sq m (204,516 sq ft) 8-storey office scheme at 150 Cheapside, London EC2, has been granted detailed planning permission and a shortlist of main contractors has been drawn up. Sir Robert McAlpine, Carillion, Mowlem, Skanska and Balfour Beatty are all reported to be on the shortlist for the new office building. Demolition of the existing site (known as St. Vedast House) is likely to begin before the end of this year and the building should be ready during 2008. - (14-04-2005)
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Investment company, Favermead Assets has decided not to redevelop the largely vacant 1960s Bath House, 52-60 Holborn Viaduct, London, EC1A 2DY and has instead decided to sell it. The company has planning permission to replace the building with a speculative, eight storey mixed scheme including 14,000 sq m (150,700 sq ft) of offices, plus ground floor retail. The building is nearly opposite the City Thameslink station northern entrance and adjacent to Lovells new HQ. Favermead will have disposed of the site within the next 4-6 weeks. Nelson Bakewell is advising Aside from the ground floor retail space the building is empty. Sheppard Robson was the architect. - (09-04-2005)
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Heron International has announced that it intends to start construction of its 37-storey office tower at 110 Bishopsgate, London, EC2, in early 2006. Construction of the 183m high skyscraper will commence despite the lack of pre-lets. Completion is expected by early 2008. - (17-03-2005)
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British Land has unveiled new plans for two linked office buildings of 34-storeys and 12-storeys at 201 Bishopsgate, London, EC2. The buildings will provide a total of 77,108 sq m (830,000 sq ft) of space. The tower will provide office space of about 37,161 sq m (400,000 sq ft) and the low rise block will have 38,554 sq m (415,000 sq ft) of offices and nearly 1,858 sq m (20,000 sq ft) of retail space. - (04-03-2005)
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Capital & Counties has submitted an application for the redevelopment of Kings Reach tower, Stamford Street, London, SE1. The scheme adds an additional four floors to the 30-storey tower, bringing it to 34-storeys and increases the 25,500 sq m (275,000 sq ft) building to 37,200 sq m (400,000 sq ft). - (15-02-2005)
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Co-Op Investment Services is planning to renovate Abford House at 333 Vauxhall Bridge Road, London, London SW1. The company will soon submit an application to refurbish the nine-storey building into 13,935 sq m (150,000 sq ft) of offices. Gerald Eve is the planning consultant. - (03-12-2004)
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Investment company, Favermead Assets has yet to begin work on its redevelopment of the largely vacant 1960's Bath House, 52-60 Holborn Viaduct, London, EC1A 2DY. The company has planning permission to replace the building with a speculative, eight-storey mixed scheme including 14,000 sq m (150,700 sq ft) of offices, plus ground floor retail. The building is nearly opposite the City Thameslink station northern entrance and adjacent to Lovells new HQ. When contacted, Favermead that it will not begin work before late 2005 at the earliest. Aside from the ground floor retail space the building is empty. Jones Lang LaSalle’s City office is advising. - (27-11-2004)
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Benchmark started the redevelopment of its Soho site at 15-18 Golden Square, London W1, during autumn 2002 and has just completed. Benchmark awarded the main contract to Wates for the construction of a 5,295 sq m (57,000 sq ft) 6 storey building (now called ‘Happiness’), designed by TP Bennett. The scheme includes retail and restaurant on the ground floor with 5 floors of offices totaling 4,087 sq m (44,000 sq ft) above. The letting agents are DE & J Levy and Dunlop Heywood Lorenz. - (20-10-2004)
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The London Borough of Tower Hamlets has decided to grant planning consent for the Canary Wharf Riverside South development, subject to the agreement of the Mayor of London and the Government Office for London. The scheme is for two towers providing a total of 279,000 sq m (3m sq ft) of office and retail space. The towers will be 28- storeys and 34-storeys high and linked by a building at podium level. The planning permission is subject to a S106 agreement for around £20m to provide infrastructure improvements, a community fund and a park. - (24-09-2004)
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South Kensington Tube station has just been listed by the Culture Secretary and could thow into doubt plans by Stanhope and Hutchison Whampoa for gaining planning consent for a new office and retails scheme. Proposals for a Terry Farrell & Partners designed 11-storey tower and shopping centre were withdrawn last month following local protests. South Kensington Tube station was built in 1868 and the listing is intended to presenrve original features designed by Sir John Fowler for the Metropolitan and District Railway. - (09-09-2004)
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Columbus Tower, a 63-storey, 246m high, skyscraper, has been approved by London Borough of Tower Hamlets. The building, designed by DMWR architects and Weintraub Associates, adjoins Canary Wharf and is at the western end of West India Quay, London, E14. The project needs a Section 106 agreement to be signed and will also to be referred to the Greater London Authority and the Civil Aviation Authority. Columbus Tower is to be developed by SKMC, controlled by the Abu Dhabi royal family, and Farnham Properties. The scheme includes 30,000 sq m (322,920 sq ft) of office space, a hotel and health club, 2,200 sq m (23,680 sq ft) of retail space and a winter garden. The development could be completed by 2007. GVA Grimley is the planning consultant and DTZ is advising on the commercial space. - (30-03-2004)
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Delancey Estates is planning an eleven-storey 23,225 sq m (250,000 sq ft) redevelopment of the 4,645 sq m (50,000 sq ft) York House on Lambeth Palace Road, London, SE1. The developer has recently submitted a planning application to the London Borough of Lambeth. - (24-02-2004)
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British Waterways has launched an international competition to find a development partner for its 8.3ha (20-acre) Wood Wharf site, adjacent to Canary Wharf, in London Docklands, E14. This follows last years approval of a 464,511 sq m (5m sq ft) masterplan for the £2bn mixed-use scheme. The planned development includes 325,158 sq m (3.5m sq ft) of offices, retail and hotels, and 1,500 homes. The designs could include two office towers of 35-storeys, located at the western end of the site opposite Heron Quays. British Waterways, advised by ATIS Real Weatheralls, is thought to be intending to submit the first detailed planning applications for the site in 2005. - (16-02-2004)
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Elizabeth House, the 1960’s tower block on York Road, London, SE1, is planned to be redeveloped by P&O Properties. The developer has submitted a planning application to London Borough of Lambeth for a 116,128 sq m (1.25 sq ft) development to include a 33-storey tower, designed by architect RHWL. The site has an existing planning permission for 92,902 sq m (1m sq ft) scheme approved in 1993 in three buildings. The new scheme is for just one building and incorporates two floorplates of 4,645 sq m (50,000 sq ft) and four of 3,251 sq m (35,000 sq ft). The development will also require diverting York Road to run alongside Waterloo Station and new pedestrian links to the SouthBank. - (16-02-2004)
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British Land has revealed the plans for a 48-storey glass tower at the site of 122 Leadenhall Street, London, EC3. The Richard Rogers Partnership is the architect of the Leadenhall Building which at 224m (737 ft) tall would be the highest in the City of London. The design incorporates a distinctive triangular shape and will provide 53,605 sq m (577,000 sq ft) of offices, with the lower floors of the building providing restaurants and bars along with 1,672 sq m (18,000 sq ft) of retail space. British Land is hopeful that the Leadenhall Building will be completed in 2006, with a late 2004 start following approval of the planning application made this week. English Heritage is thought to be more positive about this skyscraper as it does not block views of St Pauls. - (15-02-2004)
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The City of London Real Property Co Ltd, otherwise Land Securities, has submitted revised plans for the redevelopment of the New Street Square site (off Fetter Lane) in the City of London, EC4. The new plans are for 98,816 sq m (1.06m sq ft) of space to replace the existing 54,479 sq m (586,411 sq ft) of offices. The scheme, designed by Bennetts Associates, envisages five buildings, of between three and 18-storeys, providing 81,941 sq m (882,013 sq ft) of offices space and 3,082 sq m (33,175 sq ft) of retail space. - (22-11-2003)
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A planning application has been submitted for revised details to the redevelopment of Bream’s Buildings and Rolls Buildings (Rolls House and Arnold House) in Fetter Lane, London, EC4, and the part retention of the façade of 8 Bream’s Buildings. The application has been made by Delancey Arnold & Co, otherwise Delancey Estates, and the architect is Woods Bagot. The existing buildings provide about 24,481 sq m (263,513 sq ft) of offices and the new proposals are for an eight-storey building providing 34,968 sq m (376,395 sq ft) of offices and 491 sq m (5,285 sq ft) of retail space. The revised proposals include changes to the massing and the appearance of the scheme. - (22-11-2003)
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Helical Bar, the developer, has submitted plans for a 20-storey tower in Mitre Square in the City of London. In a joint venture with Ansbacher Property Developments, Helical Bar is planning to redevelop the Mitre Square island site in London EC3, bounded by Mitre Street, Dukes Place and Creechurch Lane. The scheme comprises about 32,515 sq m (350,000 sq ft) of offices as well as ground-floor retail and restaurant space. Ansbacher and Helical Bar are being advised by Allsop & Co and Ingleby Trice Kennard. - (30-09-2003)
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Marks & Spencer, the retailer, has submitted detailed plans for an eight-storey 71,070 sq m (765,000 sq ft) on the 0.8ha (2-acre) site of the firm’s present headquarters at Michael House in Baker Street, London W1. The building, designed by Kohn Pedersen Fox (KPF), will include 60,386 sq m (650,000 sq ft) of offices, 4,366 sq m (47,000 sq ft) of shops and a health club and 32 residential units. Marks & Spencer will seek a developer to undertake the scheme, which could be carried out as two building phases. Marks & Spencer is anticipating a planning consent in spring 2004 and the building will cost around £125m. Jones Lang LaSalle is the development advisor. - (06-09-2003)
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Parabola Land has submitted a planning application to London Borough of Islington for an eight-storey 27,870 sq m (300,000 sq ft) office scheme overlooking the Regent’s Canal in Kings Cross, London N1. The scheme will also include an arts centre and gallery along with a café and restaurant. The development, designed by architect Dixon Jones, is to be known as Kings Place, and is on a 0.6ha (1.3-acre) site bounded by York Way, the Regent’s Canal and Battlesbridge Basin. - (06-09-2003)
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Caxton Hall, the Grade II listed former Westminster registry office, in London SW1, is to be redeveloped as office and apartments. The building on the Broadway and Christchurch Gardens conservation area has been vacant for about 20-years. Amberswift Limited and Stanhope plc have submitted a planning application to Westminster City Council, for a scheme designed by Foggo Associates, to restore the building and create 13 flats and also build a nine-storey 5,000 sq m (53,820 sq ft) office building at the rear of the site. - (10-02-2003)
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The BBC is to spend £252m creating a “live news centre” at Broadcasting House, Portland Place, London W1. The development will start shortly with the demolition of Egton House, an adjoining building, starting in January 2003. Bovis Lend Lease has been appointed as the construction manager. The 9 to 13 storey complex has been designed by Sir Richard McCormac and will include 140 studios, a central atrium, and a huge newsroom. All the BBC’s radio operations and television news will be brought together in the building. The first stage of the project is the refurbishment and extension of Broadcasting House, a 1932 Grade II* listed building, and the demolition of four adjoining properties to create two new buildings of about 74,321 sq m (800,000 sq ft). The scheme will be completed by 2008. - (16-12-2002)
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Blackfriars (PD2) Ltd, now owned by Heatherfield Limited, which is under the management of Blackfriars Investments, has submitted revised details for its scheme to redevelop 2 Puddle Dock and the Mermaid Theatre at Blackfriars Station in London EC4. The new three-four storey structure, designed by Alsop, is to be on stilts and includes a “lightbeam” on the west side of the building adjoining the “solid box” of office accommodation. The “lightbeam” is a four-storey glass box enclosing lobbies and access areas. The scheme has 26,416 sq m (284,341 sq ft) gross external space with 24,000 sq m (258,336 sq ft) gross internal office space, to include a dealing floor of 6,148 sq m (66,177 sq ft). The scheme also includes two retail units of 399 sq m (4,294 sq ft). - (02-12-2002)
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The London Stock Exchange has submitted plans to the Corporation of London for the development of its site at 125 Old Broad Street EC2. The Stock Exchange is to relocate to Paternoster Square in mid-2004 and is planning to sell its existing premises on gaining planning consent. The new plans, by architect Nicholas Grimshaw, include a major refurbishment and re-cladding of the late 1980's 27-storey Exchange Tower and the development and a new podium level of 3,031 sq m (32,625 sq ft) as part of the 'East' Building and a new nine-level block (The West Building), providing 23,958 sq m (257,883 sq ft) of offices, will be created on the site of the old trading floor on the corner of Old Broad Street and Throgmorton Avenue. The scheme will provide a total of 65,804 sq m (708,314 sq ft) of office space (gross external area) and also include 7,236 sq m (77,888 sq ft) (gea) of retail space. City Offices Management is the project manager and Ove Arup is the structures and services consultant. - (13-11-2002)
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London Underground has announced plans for a new tube station at Camden Town in London NW1. A planning application is to be submitted to the London Borough of Camden in the next few weeks. The proposal includes a seven-storey office building, a new bus interchange, a ticket hall and four blocks of flats. A temporary station will be built before the existing structure is demolished and rebuilt. - (10-11-2002)
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The London Stock Exchange has submitted plans to the Corporation of London for the development of its site in Old Broad Street, London EC2. The Stock Exchange is to relocate to Paternoster Square in mid-2004 and is planning to sell its existing premises on gaining planning consent. The new plans, by architect Nicholas Grimshaw, include a major refurbishment of the 26-storey Exchange Tower and the development of two new buildings. An eight-storey block will be created on the site of the old trading floor and a five-storey building on the corner of Old Broad Street and Throgmorton Avenue. The scheme will provide 44,128 sq m (475,000 sq ft) of office space and also include 3,716 sq m (40,000 sq ft) of retail space. The London Stock Exchange is being advised by Greycoat subsidiary City Offices and Insignia Richard Ellis has advised on the plans. - (17-10-2002)
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The latest plans for Kings Cross have been unveiled by Argent, and partners London & Continental Railways and St George, pending an outline planning application being submitted for the 29ha (72-acre) site. The last major plans for Kings Cross were by Rosehaugh Stanhope in the late 1980's when over 6m sq ft of office space was proposed. In the mixed-use 'vision' office development is contained in blocks 4 and 5 as the 'Southern Hub' and also in Blocks 7 and 8 to the rear of the site. The office blocks range between 8-25 storeys, with the potential to go higher. The remainder of the scheme includes retail, residential and leisure uses and the total floorspace of all uses is between 7m to 8.6m sq ft. Jones Lang LaSalle is advising on the development, which will not be able to start before 2007. - (06-10-2002)
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British Land has unveiled its plans for a skyscraper at 122 Leadenhall Street. The 48-storey tower will provide about 93,000 sq m (1,001,000 sq ft) of space and has been designed by the Richard Rogers Partnership. The initial designs envisage a tapering external frame structure, possibly a 'shard of steel', on 'legs' above a new public park. It is said that the building would be the tallest in the City of London. - (22-09-2002)
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Selfridges, the department stores group, is to scale down the £300m plans by Foster & Partners for its Oxford Street store. After nine months discussions with Westminster City Council planners Selfridges is thought to be about to scale back the 12-storey office tower, although the 9,290 sq m (100,000 sq ft) of retail space, a spa, car park and hotel, will remain. It is thought that the office tower will be reduced from 60m to 41m in the redesign. - (22-09-2002)
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Jarvis, the support services company, has submitted a planning application for the Westgate site at 8-22 Smithfield Street and 30-38 Hosier Lane, London EC1. Jarvis intends to build a new six-storey 15,492 sq m (166,755 sq ft) building as a new headquarters to accommodate its City and West End offices. The scheme will also have retail uses on the ground floor. The architect for the scheme is CPMG Architects. - (18-04-2002)
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Skanska has been appointed as the main contractor for the Moor House scheme, which is being funded as a limited partnership with Henderson Investors and Hammerson. The 44,658 sq m (480,710 sq ft) gross external scheme, is conceived as a curved vertical design of 19-storeys. The building will comprise about 26,400 sq m (284,000 sq ft) net of offices and 1,810 sq m (19,500 sq ft) of retail space. Completion is planned for early 2003. - (03-04-2002)
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City & Provincial has revised its plans for its World Trade Centre scheme and is now intending that Building 4 (WTC4), of 31,240 sq m (336,267 sq ft) will be a 24-storey residential block named Discovery Dock. The compnay has cited a 'slow' commercial office market in London and planning delays as the reasons for the change in strategy. The scheme has an exisiting planning permission for residential that can be implemented. - (30-03-2002)
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Scottish Widows has submitted a planning application for the redevelopment of Royex House in Aldermanbury Square, London EC2. Royex House is a 'classic' slab 1960's building in steel and blue glass designed by Richard Seifert. The proposed 17-storey replacement tower has been designed by Eric Parry architects. Subject to planning permission the development could be on-site in late 2003 for completion in late 2005 or early 2006. - (04-03-2002)
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The Royal Bank of Scotland, advised by Montagu Evans, has formerly applied for consent to redevelop its 32,996 sq m (354,478 sq ft) tower offices at Drapers Gardens, 12 Throgmorton Avenue, London EC2. The new 17-storey office building has been designed by Foggo Associates (020 7490 4040) and will provide 30,780 sq m (331,315 sq ft) net of office accommodation along with 319 sq m (3,433 sq ft) of retail space. - (16-02-2002)
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Deutsche Bank is said to have plans for a 38-storey skyscraper on the edge of the City of London to be developed by its property arm Deutsche Grundbesitz (DGI). The building planned for Ropemaker Place, Ropemaker Street, London EC2 is said to be a "commercial development" and Deutsche has refused to say if it intends to occupy the building. The 200m high tower has been designed by Sheppard Robson and will rise to 10 storeys before leaning 20 degrees from vertical before straightening up. The bank was looking for a second headquarters building last year but this is now said to be no longer a top priority. No formal planning application has yet been made to London Borough of Islington. - (16-02-2002)
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Canary Wharf Group has confirmed that the Richard Rogers Partnership is working on building designs for a riverside site to the south of Westferry Circus, London E14, and adjoining the Cascades residential scheme. The plans are said to be at an early stage and no details are being made available. However the scheme is thought to include two towers, each of around 37-storeys and 44-storey and could provide a further 148,643 sq m (1.6m sq ft) of office space or a mix of uses. - (16-02-2002)
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Tishman Speyer Properties has gained planning permission from the London Borough of Tower Hamlets for the £100m redevelopment of the Marsh Centre at Aldgate, London E1. The part 7-storey, part 16-storey, 'Aldgate Union' scheme, designed by Wilkinson Ayre architects, will provide around 87,001 sq m (936,485 sq ft) to replace the existing 30,000 sq m (322,926 sq ft) building. Tishman Speyer Properties is advised by Jones Lang Lasalle. - (10-02-2002)
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British Land has submitted a planning application for the redevelopment of 51 Lime Street, London EC3, otherwise known as the 58 Building, acquired from Lloyd's of London. The new scheme, which also fronts Fenchurch Avenue and Billiter Street, is for 54,521 sq m (586,864 sq ft) of offices and 522 sq m (5,618 sq ft) of retail in a part six-storey, part 25-storey building, designed by Foster & Partners.
- (25-01-2002)
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Standard Life Investments has unveiled the final designs for the redeveloped Juxon House, part of the Paternoster Square scheme in London EC4. The seven-storey building has been designed by Sidell Gibson Partnership and will provide about 11,891 sq m (128,000 sq ft) of office space with 1,858 sq m (20,000 sq ft) of retail space on the ground floor. The overall masterplan for the Paternoster Square area is by Whitfield Partners. The building, which has a curved classical façade in contrast to the previous 1960's 'box' design, will be completed in summer 2003.
- (13-01-2002)
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The plans for the £300m development at the rear of Selfridges store in Oxford Street have been unveiled. The designs by Foster & Partners include about 27,870 sq m (300,000 sq ft) of offices, an additional 10,219 sq m (110,000 sq ft) of retail space, and a 12-storey five star hotel. If planning permission is granted the scheme will start in mid-2003 and will not be completed until 2007. The planning application was submitted to Westminster City Council earlier this week. - (13-12-2001)
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Whitecliff Investments and Scottish Widows have gained planning consent for the speculative redevelopment of the vacant 140 Aldersgate Street, London EC1A 4JQ with an eight-storey office and retail block. The 12,800 sq m (138,000 sq ft) building will include 11,000 sq m (122,000 sq ft) of offices and 1,500 sq m (16,000 sq ft) of retail space. A construction start has been set for April 2002. BH2 is advising. - (11-12-2001)
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Some brief details of the proposed 50-storey office tower at 6-8 Bishopsgate have been revealed. It appears that discussion on the tower, for German developer DIFA, have been held with the Corporation of London and the Mayor's office. However a planning application will not be submitted until after a decision on the Heron tower, currently at public inquiry, is made. The architect for the scheme is reported to be Helmut Jahn, the New York architect. - (04-12-2001)
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Barclays Bank has revealed the plans for its 30-storey headquarters tower at Churchill Place, Canary Wharf, London E14, which will accommodate 5,000 staff by 2005. The building is being designed by HOK International. Barclays has signed the final agreement with Canary Wharf Group to occupy up to 1 million sq ft of office space in the tower. The new building will be completed in late 2004 for occupation in 2005.
- (28-11-2001)
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Stanhope plc is to be The Crown Estate's development partner in the £200m mixed-use (including 100,000 sq ft of offices) regeneration of Regent Street in Central London. A planning application for the scheme was submitted to Westminster City Council in June and is currently under consideration. The scheme includes provision of state-of-the-art residential, retail and office space. 229-247 Regent Street, between Hanover Street and Princes Street, near Oxford Circus, is the first phase of the scheme. It will contain almost 180,000 sq ft of space. This will include around 100,000 sq ft of offices and 60,000 sq ft of retail space, including 30,000 sq ft for flagship store.
- (19-11-2001)
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Unilever the multinational household products company, has decided to re-assess its refurbishment plans for Unilever House in London EC4. The company had gained consent for a 35,000 sq m (377,000 sq ft) refurbishment of its nine-storey 100 Victora Embankment headquarters in Blackfriars. However, the project has now been put on hold pending 'reassessment of options' - (16-11-2001)
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P&O Property Holdings Ltd has submitted plans for the refurbishment and redevelopment of four major buildings at Kings Cross,London N1. Block A (3,000 sq m)is known as the Lighthouse and plan retains 1870s office building with construction of 3 storey office building with retail. Block B (3,000 sq m) retains the majority of building, with some new build elements. Block C (4,000 sq m), comprises mainly refurbishment and re-building with the construction of new four storey headquarter offices, and five storey hotel to SW of site. Remaining block D retains listed facades with conversion of some buildings to create residential units. Architect is Rolfe Judd. - (14-11-2001)
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Hemingway Properties has submitted a planning application to the Corporation of London for a 16-storey tower with 23,403 sq m (251,909 sq ft) of offices along with retail and restaurant space in EC3. The site is bounded by Mark Lane, Hart Street, London Street and New London Street. The development advisor is Jones Lang laSalle.
- (31-10-2001)
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Fidelity Investment Management, through its property arm Pembroke Real Estate, has now started site preparation for the redevelopment of the former 'The Guardian' printworks site at South Quay, London E14. The new scheme, known as 'London Millharbour' will provide a total of 71,000 sq m (764,224 sq ft) of office space and 2,787 sq m (30,000 sq ft) of retail and restaurant space, in four linked buildings ranging from of 9 to 19 storeys. Michael Hopkins and Partners is the architect for the scheme, which will be built in two phases. The Eastern Tower will be Phase 1, providing 42,800 sq m (460,699 sq ft) of offices and retail, with the Western Tower providing the remaining space. The main construction is due to start in early 2002 with completion planned for 2004. - (15-10-2001)
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Compaq, the US computer company, has sold the 7,803 sq m (84,000 sq ft) net Enterprise House, 190 High Holborn, London WC1 to Land Securities in a £30m deal. The eight-storey building currently accommodates disaster recovery and data storage operations and Compaq will vacate the building by the end of 2001. Land Securities is understood to be intending to offer the refurbished space at around £50 per sq ft, below current rent levels for new space. Saxon Law advises Compaq and Land Securities was advised by King Sturge. - (01-10-2001)
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Sainsbury's plans for a new office building in Stamford Street, London SE1 have been approved by London Borough of Southwark. The 34,838 sq m (375,000 sq ft) Foster & Partners designed building will create a five-storey 'podium' block rising up to 18-storeys as an oval-shaped tower. The development is on the site of the existing Sainsbury head office building. The building could be completed in 2004 and Sainsbury could then relocate from its new headquarters at 33 Holborn Place EC1. Sainsbury is thought to be looking for a joint venture partner to develop and finance the scheme. - (01-10-2001)
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Churchill Securities is now said to be seeking an injunction against Marks & Spencer claiming that its development at 70 Gracechurch Street, also known as Limebank House, 168 Fenchurch Street, London EC3 affects a "right to light" clause on an adjoining building that Churchill owns. It appears that discussions have not resolved the issue and the threat of legal action is making it harder for M&S to find a tenant. Churchill is thought to have made M&S an offer of £150m for the building, subject to planning consent being granted to convert the recently completed building into a 34-storey tower (which would reportedly cost another £130m).
Colliers Conrad Ritblat Erdman and Jones Lang LaSalle are the letting agents for the scheme. It has also been reported that three City firms have pulled out of negotiations for Limebank House due to the legal problems. - (01-10-2001)
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The City of London Office Unit Trust (Clout), which includes Pillar Properties, has submitted a new planning application for Austral House, Basinghall Avenue, London EC2. The present 9,570 sq m (103,011 sq ft) building is proposed to be redeveloped as a nine-storey 22,990 sq m (247,464 sq ft) scheme. The building has been designed by Swanke Hayden Connell Architects. The existing planning consent for the scheme was granted in December 1999, and was for an eight-storey building of 21,111 sq m (227,238 sq ft). - (13-09-2001)
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Minerva, the property developer, is said to be about to submit a new planning application for its St Botolph's House site in Aldgate, London EC3. Minerva already has planning permission for a 14-storey 'groundscraper' development of about 48,473 sq m (525,000 sq ft) but is now looking to build a 36-storey skyscraper, with a net lettable area of around 1.1 million sq ft. Floorplates will be about 2,972 sq m (32,000 sq ft) each. The scheme will also include 1,765 sq m (19,000 sq ft) of retail space and a roof top restaurant. Nicholas Grimshaw has designed the building, which will be 516 ft high, making it slightly lower than Tower 42. - (09-09-2001)
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Shell International and Lend Lease have submitted detailed plans for the redevelopment of part of the Shell Centre site in York Road, London SE1. The scheme now has a high office content, rather than a retail emphasis as originally envisaged, following discussions with London Borough of Lambeth. The £180m scheme, named Belvedere Court, includes about 32,000 sq m (344,450 sq ft), of offices, mainly in a new 12-storey building, 7,300 sq m (78,575 sq ft) of retail within the existing Shell space, 4,000 sq m (43,056 sq ft) of restaurants and cafes, 11,200 sq m (120,556 sq ft) of sports facilities and 4,700 sq m (50,590 sq ft) of conference space. The scheme has been designed by Arup Associates. Knight Frank is rumoured to be marketing the ofice development and CB Hillier Parker is the agent for the retail space. If planning approval is granted the scheme could be completed in autumn 2004. - (03-09-2001)
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Argent St George, the developer, has published its draft plans for a mixed-use scheme at Kings Cross, London N1. The document, entitled "Principles for a Human City", sets out 10 principles for developing the masterplan and is for consultation. The scheme features buildings of up to 12-storeys but the developer has said that existing buildings will be reused where possible. Roger Evans is the project director for Argent St George. - (29-07-2001)
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Grosvenor, the private property company, is said to be in advanced negotiations to buy 41 Lothbury, London EC2 from the Royal Bank of Scotland. The scheme has planning approval for the refurbishment and partial redevelopment of the 9-storey, Grade II listed, building, the former National Westminster headquarters. The scheme involves a change of use from a banking hall to office (B1) use, with retail and restaurant space. The net office floorspace proposed is estimated to be about 13,935 sq m (150,000 sq ft). DTZ Debenham Tie Leung is thought to be advising RBS and CB Hillier Parker is acting for Grosvenor. - (29-07-2001)
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Greycoat is to advise the London Stock Exchange on the redevelopment of its site on Old Broad Street, London EC2. The LSE will relocate from its 15,793 sq m (170,000 sq ft) of office space in
the 26-storey Exchange Tower in 2004. City Offices, owned and operated by the management of Greycoat, is thought to have beaten rival Stanhope to the consultancy role. The Stock Exchange is being advised by Insignia Richard Ellis.
- (14-07-2001)
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The new ten-storey headquarters of the Greater London Authority (GLA), designed by Foster and Partners, was topped out by Nick Raynsford, Minister for London, and Ken Livingstone, Major of London, last week. The new GLA building, said to resemble a glass headlight, occupies a site at CIT's More London development in SE1. - (09-07-2001)
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Taylor Woodrow, the construction group, has submitted a planning application for the power station at Lots Road, London SW10 to be retained as a mixed-use office and retail centre, with about 8,361 sq m (90,000 sq ft) of space. The scheme for the seven acre site also includes two 39 and 25-storey residential towers. Taylor Woodrow acquired the site last year and is said to have teamed up with Hutchison Whampoa, the Hong-Kong group, for the £350m project. The scheme will be developed by the joint venture company called Circadian and has been designed by Terry Farrell & Partners. - (12-06-2001)
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The Selfridges scheme in Duke Street, W1, planned as a mixed-use retail, residential and office development, will not now include a 20-storey tower. The idea of the tower is said to have been thrown out by Westminster planners. Instead the scheme could include 18,580 sq m (200,000 sq ft) of offices, a 250-bed hotel, 80 apartments and 9,290 sq m (100,000 sq ft) of additional retail space. The £250m project is a joint venture between Selfridges and Stanhope Developments and is being designed by Norman Foster & Partners.
- (09-06-2001)
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The mayor of London decided not to direct London Borough of Hackney to refuse the Northgate project, designed by Sidell Gibson for Lehman Brothers. In the decision letter the mayor has said that the 17-storey office and retail development "would contribute to London's global city role". However the mayor also said that he will ensure that the scheme, and the adjoining scheme planned by Railtrack, to not compromise each other when he considers the Railtrack proposals. The Commission for Architecture and the Built Environment (CABE) is thought to be concerned that Hackney failed to consult it on the proposals, which CABE says are "incompatible" with the Railtrack proposals and should be refused. - (02-06-2001)
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Parkview International has been granted planning permission by the London Borough of Wandsworth for the redevelopment of Battersea Power Station, London SW11, as a retail and leisure scheme. Detailed planning permission was given to all parts of the site not covered by earlier permissions. The latest planning decision approved Nicholas Grimshaw's designs for the redevelopment of Battersea Jetty, a 725-room hotel as part of a conference centre, with 18,004 sq m (193,800 sq ft) of meeting and banqueting space and a 2,100 seat theatre. Parkview now has consent to develop the 14ha (33.6 acres) site surrounding the power station with 1,125 hotel beds, a 44,128 sq m (475,000 sq ft) product showcase building, a 22,017 sq m (237,000 sq ft) seven-storey office building and residential units. The listed power station building will be used to accommodate a mix of retail, cafes, bars, restaurants, cinemas and other attractions. - (01-06-2001)
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Carnegie Holdings has been granted planning permission by London Borough of Tower Hamlets for the 'Quadratic' building at 4 Mastmaker Road, in the Millennium Quarter in South Quay, London Docklands E14. The 13-storey office building is named the 'Quadratic' as it is in an H-shape with office towers at each corner. The design includes an 11-storey double atrium on the east and west sides, and a two-storey winter garden on the north and south sides. The building will be clad in Planar glazing glass and travertine stone, from the same quarry as stone cut for the Colosseum in Rome. The Quadratic will provide 25,840 sq m (278,141 sq ft) of office space and has been designed by Patrick Davies. - (20-05-2001)
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The Corporation of London has been linked with plans to develop a 2ha (5-acre) site on the fringe of the City. The site is bounded by Shoreditch High Street, Norton Folgate, Folgate Street and Commercial Street in London E1. Ownership is thought to be mainly in the control of Railtrack as well as the interests of the Corporation of London. An announcement on the scheme is due in the next two months. There have been persistent market rumours of a 50-storey skyscraper, codenamed 'Cosmos', being planned for a site near Broadgate and Foster & Partners is said to be the architect for the project. - (30-04-2001)
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Railtrack Property has submitted plans for a new office and retail scheme on the edge of the City of London. The proposed elliptical glass and steel development, on the corner of Norton Folgate and Worship Street, in London E1, has been designed by Kohn Pedersen Fox, and will have 19,000 sq m (204,521 sq ft) of offices in a 23-storey tower. It is said that Railtrack had hoped to create a larger development by linking the site to the adjoining site owned by Lehman Brothers. The bulk of the scheme will be built over the railway lines and will include 200 sq m (2,153 sq ft) of retail space next to the main office entrance. - (30-04-2001)
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Foster & Partners has revealed plans for a 35,765 sq m (385,000 sq ft) 19-storey oval office tower to replace food retailers Sainsbury's existing Drury House and Stamford House headquarters at Stamford Street, London SE1. Sainsbury is linked with Stanhope on the proposals. A planning application for the £270m scheme has just been submitted to London Borough of Southwark along with an application for a second new building on the firm's car park site in Maymott Street. The tower has a tapered 'neck' and a low-rise office block forms the base. A Sainsbury's 'Central' supermarket could be incorporated in the ground floor. The 14,490 sq m (156,000 sq ft) Maymott Street scheme could cost £70m and is planned as a 22-storey tower designed by architect Lifschutz Davidson. Sainsbury is working on the site assembly for the scheme and is said to be in the process of acquiring Wakefield House and 19-21 Blackfriars Road from Dunloe Ewart, the developer. Sainsbury is thought to be seeking to develop around 46,451 sq m (500,000 sq ft) in the various SE1 developments for completion in 2004. Sainsbury is still thought to be considering its options on the 11,150 sq m (120,000 sq ft) Rennie House, on the south side of Stamford Street. Sainsbury staff will relocate to 33 Holborn Place, London WC1, to allow the headquarters development to proceed. Healey & Baker is advising Sainsbury. - (22-04-2001)
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The Royal Bank of Scotland has received planning approval to the refurbishment and partial redevelopment of the Grade II listed, former National Westminster headquarters, at 41 Lothbury, London EC2. The scheme involves a change of use from a banking hall to office (B1) use, with retail and restaurant space and also includes 12 Angel Court, which adjoins the main building. The gross floorspace of the proposals for the 9-storey building is put at around 26,000 sq m (279,864 sq ft), and the net office floorspace is estimated from the plans to be about 13,935 sq m (150,000 sq ft). - (22-04-2001)
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Burberry, the UK luxury clothing chain owned by GUS, is said to have taken an assignment of eToys former office space at St Alban's House, 10 St Alban's Street, London SW1. The office space amounts to about 4,270 sq m (45,962 sq ft) and is to be used as Burberry's headquarters. Robert Neil & Co is advising Burberry. Burberry has its administrative office at 29 Chatham Place, London E9 and its main retail store at 18 Haymarket, London SW1. - (21-04-2001)
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