Brand new plans for new office space in London’ s Square Mile. The project aims to redevelop Centurion House in EC 3. Once completed the commercial property will offer 80,000 square foot of high quality Grade A office space. The development is part of a joint venture between Rockspring Property Investment Managers and Charterfield Asset Management. Both companies have secured a resolution for planning permission for the office space in the City of London.
The building is located in the centre of the Square Mile and will be designed by the highly regarded firm David Walker Architects. Included in the development will be two levels of ground floor retail space that will be leased out to high profile companies.
Commenting on the development Rockspring’s Fund Manager Richard Bains said: “Since acquiring this project last year, we have drawn up ambitious plans to create an entirely new ground up development which will appeal to a wide range of City occupiers. Securing this planning resolution will now enable us to deliver the Grade A office in the second quarter of 2013, at a time where we see little competition in the market for comparable space.”
Centurion House has been standing since the mid 1980’s and contains 61,000 square feet of office space. The building was only acquired by the joint venture in early 2010. The new developments are expected to be a useful addition to the currently starved London office space.