Caleus gets thumbs up for prime Mayfair office scheme
Caleus has secured planning permission for a prime, sustainable office scheme between Hanover Square and Bond Street in Mayfair, W1.
The project, at 19-24 Dering Street, will involve a “deep” retrofit. It will reuse the original building foundations and structure to the third floor, while incorporating a new façade and core as well as four additional floors.
When completed, the building will offer a total of 33,000 sq ft of prime office and retail space. Works are expected to begin in 2025.
Caleus has secured planning permission for a prime, sustainable office scheme between Hanover Square and Bond Street in Mayfair, W1.
The project, at 19-24 Dering Street, will involve a “deep” retrofit. It will reuse the original building foundations and structure to the third floor, while incorporating a new façade and core as well as four additional floors.
When completed, the building will offer a total of 33,000 sq ft of prime office and retail space. Works are expected to begin in 2025.
Both the sixth and seventh floors will have terrace space totalling some 2,700 sq ft, with the large seventh floor communal terrace being fully serviced.
Designed by Piercy & Co, the scheme is targeting BREEAM Outstanding, NABERS five-star and WELL Platinum ratings, as well as net zero in operation.
Anthony Golosetti, managing partner at Caleus, said: “The scheme aims to deliver super-prime office and flexible space with ceiling heights up to 3m. As whole-life carbon considerations and sustainable design are of utmost importance to us, Dering Street targets minimal operational and embodied carbon.”
Freddie Corlett, a director in the central London office leasing team at Savills, which has been appointed as joint leasing agent alongside Edward Charles & Partners, said: “The core West End office market has seen a surge of activity since the pandemic, primarily driven by the financial sector.
“A limited number of new schemes in the development pipeline – a result of a tough planning landscape and rising construction costs – combined with strong take-up, will lead to further supply shortages and strong rental growth. Being awarded planning consent for Dering Street is all the more important as we will be delivering the quality of building both needed and desired by core occupiers.”
The offices are expected to be available for occupation in 2027.
Photo courtesy of Savills
