Fitzrovia office-led scheme approved by Mayor Johnson

Derwent London’s Charlotte Street regeneration project gets green light

Article posted: 20 Sep 2011

Derwent London has today announced that it has been granted planning permission by the Mayor of London for a major mixed use development to include a mix of residential, retail and office space in Fitzrovia, W1 at 80 Charlotte Street.

The 367,000 sq ft redevelopment will include 336,000 sq ft of office, residential and retail space at 80 Charlotte Street and 31,000 sq ft of residential at nearby 65 Whitfield Street and 1-8 Whitfield Place. In addition, a new public realm park will be created whilst retail units will enhance the ground floor frontage and identity.

Designed by leading architects Make, the new scheme will be part refurbishment and part new build with a substantial proportion of the existing structures retained thereby cutting waste and carbon emissions whilst reducing the construction period.

80 Charlotte Street is an island site of 1.4 acres that is located in the heart of Fitzrovia. Currently comprising 200,000 sq ft of out-dated offices which are let to Saatchi & Saatchi until March 2013, the new £125m scheme is expected to be delivered towards the end of 2015 and will be a major step in the wider regeneration of the area where the Group’s holdings total over 1.5m sq ft.

John Burns, Chief Executive at Derwent London, commented: “We are pleased that our 80 Charlotte Street planning application has been approved by the Mayor of London. This is a significant scheme for the Group and gives us the opportunity to transform the existing buildings into high quality offices that will form an exciting new office hub in keeping with the Derwent brand. The park and ground floor retail space will create new life and character to the streets of Fitzrovia and the new residential units, that include affordable housing, will provide a high quality living environment. We look forward to starting on site in 2013.”

Derwent has recently won a number of prestigious awards for its Angel Building development which comprises grade A office space in Clerkenwell, EC1. Voted one of ‘Britain’s Most Admired Companies’ in 2010, Derwent owns and manages 5.4m sq ft of primarily office space in the West End and areas bordering the City of London.

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Posted by Jo