City of Westminster has resolved to grant planning permission for the mixed-use development at 19-35 Baker Street, reports Derwent London.
19-35 Baker Street W1 is held in a joint venture, in which Derwent London has a 55% share, with The Portman Estate. This scheme will comprise c.293,000 sq ft of net lettable space.
John Burns, Chief Executive Officer of Derwent London, commented: “We are delighted that, with our partners The Portman Estate, we have the opportunity to make a further contribution to the revitalisation of the area.”
Oliver Fenn-Smith, Property Director of The Portman Estate, added: “These are exciting proposals for this key site in Baker Street and we look forward to working alongside Derwent London as they bring their expertise to this area of Marylebone.”