Plans to build an 81,000 sq ft mixed use office and residential development in London’s Soho have been green-lit.
Henderson Global Investors has been granted planning permission for the scheme to include 7,500 sq ft of office space, six apartments and three shops. A public courtyard will also be incorporated into the development.
Design will be undertaken by Eric Perry Architects and include a completely new building constructed in Great Marlborough Street, plus the redevelopment of two existing buildings which face on to Poland Street.
Nick Deacon, fund manager for the Central London Office Fund at Henderson, said: “To be in a position to move forward with this exciting scheme is a significant development for both the Henderson Central London office team and for the Soho market.
“The completed scheme will make a valuable contribution to our portfolio and fits well within our current investment strategy. Soho remains a highly desirable location and a market we are particularly positive about. We are confident of attracting a high calibre of occupier to the scheme. We aim to deliver the scheme into the market during late 2013 or early 2014 at a time when we believe there will be little competing Grade A supply.”
Henderson is carrying out the project under the aegis of its Central London Office Fund I.