Although the property was bought with existing planning permission for a full redevelopment, we subsequently identified several enhancements to the scheme, including better amenity provisions.
Working with Stiff + Trevillion architects, a revised planning application for 82,000 sq. ft of office, retail and residential accommodation was submitted and subsequently approved in November 2014. Short-term leases enabled us to maintain an income stream from the property between 2013 and 2016, and in November 2016 the Trustees approved terms for the sale of a new 125 year lease to Native Land, who commenced demolition of the site in December 2017.
The development completed in Q4 2021. The office floors have been let as one to Smart Pensions, while the Estate has taken control of the retail units.
