Derwent London has obtained resolution to grant planning consent at 25-29 Berners Street.
The proposed scheme, designed by Piercy & Co architects, includes 20,000 sq ft of A1/A3 retail use on the ground and lower ground floors and 85,000 sq ft of offices on the 1st to 7th floors with two floors benefitting from generous roof terraces.
The existing buildings are let to the MCPS-PRS Alliance Limited (“PRS for Music”) who intend to relocate in January 2015. This would allow work to start early next year. The site is in Fitzrovia and benefits from the substantial ongoing improvements in the area, as well as the opening of Tottenham Court Road Crossrail station in 2018.
John Burns, Chief Executive Officer of Derwent London, commented:
“We are excited by the prospects for this scheme, which will contribute to the continued regeneration of Fitzrovia, and adds to our significant development pipeline”.
Source: Derwent London