HB Reavis adds fifth development to London portfolio (GB)

HB Reavis adds fifth development to London portfolio (GB)

HB Reavis has acquired 12,800m² Crossrail Over-Site Development (OSD) at Farringdon West located in the heart of Clerkenwell in central London. The site will become HB Reavis’ fifth acquisition in its pipeline of Central London office developments. The purchase price was not disclosed. Construction of the seven-storey commercial scheme is expected to commence this year and complete in 2020.

 

Designed by award-winning British architecture practice John Robertson Architects, which also worked with HB Reavis on its 33 Central office development in the City, the project comprises office, retail and amenity space. The development has been designed to focus on delivering the highest quality of office accommodation. The scheme is targeting the highest Well Building Institute standard of Platinum and sets out to provide a landlord operated fitness facility and generous ground floor cycle provision accessed directly from the Cycle Superhighway

 

The office floors have been reconfigured to provide a single core, creating open, flexible floorplates of up to 2,700m². Designed by StudioShaw, the ground floor will offer a lively mix of food and beverage options, as well as a garden area, positioned both within and outside the building. A further distinctive feature will be the approximately 170-person auditorium expected to offer event space for occupiers.

 

The development is immediately adjacent to the newly built Farringdon station, which is uniquely positioned as the only station where Crossrail (which will operate as the Elizabeth line), London Underground and Thameslink meet. When the Elizabeth line opens in December 2018, it will be one of the busiest stations in the UK. It will also be at the very centre of the capital’s world-renowned design community and benefit from its proximity to cultural institutions such as the nearby Barbican Centre, Exmouth and Leather Lane markets and Sadler’s Wells Theatre

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