Henderson Property to develop mixed-use scheme in heart of Soho (UK)

Henderson Global Investors' property business, which manages around £12 billion of property assets, has received a resolution to grant planning for a prime mixed-use scheme in the heart of Soho, in London, on behalf of its ca. £700-million (approx. €801.5-million) Central London Office Fund I.

Great Marlborough Street A10138_2005_proposed_original

The scheme includes the construction of a new building on Great Marlborough Street.

The sustainable mixed retail, office and residential development scheme, designed by Eric Parry Architects, will revitalize an urban block in the heart of Soho. It includes the construction of a new building on Great Marlborough Street in predominantly office use that replaces two existing buildings together with the refurbishment of two existing office buildings currently fronting Poland Street.

Six new apartments, approximately 7,500 m² of offices and three retail units will be created with flexible commercial accommodation provided. A new public courtyard, accessible from Great Marlborough Street will be created at the center of the proposals.

Nick Deacon, Fund Manager for the Central London Office Fund at Henderson, said: "To be in a position to move forward with this exciting scheme is a significant development for both the Henderson Central London office team and for the Soho market.

"The completed scheme will make a valuable contribution to our portfolio and fits well within our current investment strategy. Soho remains a highly desirable location and a market we are particularly positive about. We are confident of attracting a high caliber of occupier to the scheme.

"We aim to deliver the scheme into the market during late 2013 or early 2014 at a time when we believe there will be little competing grade-A supply."

Source: Henderson Global Investors

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