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.
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