11/05/2013 by Buildington
In February 2013 Derwent London entered into an option agreement with the freeholder and long leaseholder to restructure the headlease at 55-65 North Wharf Road, Paddington W2. This agreement unlocks the opportunity for a 240,000 sq ft (22,300m2) office development adjacent to the Paddington Crossrail station. Vacant possession can be obtained from 2014 and we are advancing the development plans.
Source: Derwent London INTERIM MANAGEMENT STATEMENT FOR THE THREE MONTHS ENDED 31 MARCH 2013 DELIVERING AND LETTING PROJECTS www.derwent.com