Approval for RE Capital’s Victorian warehouse office conversion
Property investor RE Capital has got the green light to revamp a former Victorian warehouse in Victoria, SW1, into a 78,000 sq ft office-led scheme.
Westminster City Council has approved the project, which will see 10 Greycoat Place repositioned to provide 69,000 sq ft of office space across eight floors.
The building will have private terraces, as well as 5,000 sq ft of retail and leisure space on the ground and lower ground floors and a 4,000 sq ft restaurant.
Property investor RE Capital has got the green light to revamp a former Victorian warehouse in Victoria, SW1, into a 78,000 sq ft office-led scheme.
Westminster City Council has approved the project, which will see 10 Greycoat Place repositioned to provide 69,000 sq ft of office space across eight floors.
The building will have private terraces, as well as 5,000 sq ft of retail and leisure space on the ground and lower ground floors and a 4,000 sq ft restaurant.
RE Capital has appointed Savills, BNP Paribas Real Estate and RX London as leasing agents on the scheme.
Developers hope the building will achieve BREEAM Excellent as well as WiredScore Platinum and Wellness Certifications.
Designed by architect Trevor Morris and architects at SPPARC, the development will see the original Victorian building restored and re-modelled, adding a new façade and a two-storey extension at roof level. The proposed roof extension recently won the Tekla BIM structural design award.
Construction is expected to start in September, with completion due in the first half of 2023.
RE Capital acquired the building in July 2019 from Derwent London.
Simon Banks, Head of UK at RE Capital, said: “The scheme will offer one of the most compelling end-user experiences available in the market, bringing to life the rich history of the original building, whilst providing highly sustainable leisure and work spaces with some of the most outstanding views in London.”
Newman Leech, CEO of RE Capital, added: “This is an excellent milestone for this exciting project which supports one of our corporate objectives to deliver best in class sustainable office buildings in core locations. We look forward to starting construction later this summer.
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Image courtesy of RE Capital
