Green light for 1m sq ft office interior development

Office design news from Morgan Lovell

Published on 16-11-2009

A one million sq ft mixed use office interior, housing and retail development in London has been given the green light by local planning officials.

Land Securities received the go-ahead for its regeneration project at Arundel Great Court, with the firm set to construct two new buildings. One will be situated north of the Strand and will provide residential space, while south of the river, a second building will incorporate a five-star hotel and modern office design space.

Colette O'Shea, head of London development at Land Securities, said: "The mixed use scheme will transform the existing site from an uninspiring monolithic office block to a thriving new commercial and residential hub."

Elsewhere in the capital, fund manager Delancey recently announced it has completed the purchase of a 50 per cent stake in Royal Mint Court.

In total, the development offers 460,000 sq ft of modern office design space which is presently let to Barclays and Old Mutual. The deal will enable Delancey to command half of the site's annual £16 million rental income.