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- 72,000 sq ft NIA in 2 outdated and inefficient buildings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!!)
