Chancery Lane

Address:

  • Lonsdale Chambers, 25-32 Chancery Lane & 2 Bream’s Buildings, London WC2

Size: 

  • 72,000 sq ft NIA (Existing)

Project:   

  • Purchase of multi-let, office and retail building with various lease event dates
  • 72,000 sq ft NIA in 2 outdated and inefficient buildings
  • Not listed but in a Conservation Area with protected views
  • Feasibility study and subsequent planning application to redevelop
  • Planning consent obtained for redevelopment to provide Grade A headquarter offices totalling 109,000 sq ft NIA
  • Asset Management initiatives to obtain vacant possession to enable redevelopment

Success:

  • Planning consent obtained for high specification, modern and efficient office building
  • Vacant possession negotiated and redevelopment enabled
  • Marketed “oven ready“ redevelopment opportunity for sale

Current Position:  

Sold to a developer with benefit of planning consent (March 2008 – perfect timing!!)

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