Business
Planning Consent
Planning Consent.
About this update from Derwent London Plc
[{"type":"text","content":"\n Derwent London PLC\n29 February 2008\n\n \n\n29 February 2008\n\n Derwent London plc ('Derwent London'/ 'Company')\n\n DERWENT LONDON SECURES PLANNING FOR MIDTOWN OFFICE SCHEME\n\n\nDerwent London, one of London's most dynamic and innovative property investors\nand developers, is pleased to announce that the City of London has resolved to\ngrant planning permission for the redevelopment of 40-45 Chancery Lane, WC2\nwhich currently comprises three multi let buildings totalling 71,146 sq ft\n(6,610 sq m).\n\nDesigned by Bennetts Associates, the proposals are for a development of 102,900\nsq ft (9,556 sq m) of high quality office .The key focus of the design is a\ncentral courtyard which will be built at the rear of the scheme linking the new\nspace to a building which is being retained in Tooks Court. In addition, there\nwill be retail space fronting Chancery Lane.\n\nThe scheme will be a welcome addition to Derwent London's growing portfolio of\nstylish office accommodation in the Midtown area, building on the successful\nrefurbishment and lettings at the Johnson Building in Hatton Garden in 2007.\nLocated in a rapidly expanding and vibrant part of London, Chancery Lane further\ndemonstrates the Company's confidence in an area which it believes continues to\noffer occupiers significant rental value.\n\nNigel George, Director at Derwent London, commented:\n\n'The scheme was well researched to achieve divisible floorplates which will\nappeal to a wide range of occupiers, together with a private courtyard offering\ntenants attractive break out spaces.\n\n'The proposals are in line with Derwent London's passion for high quality\noffices that will appeal to prospective tenants looking to base themselves in\nthis increasingly popular area.'\n\n\n -ends-\n\n\nFor further information please contact:\n\nDido Laurimore/Nicole Marino, Financial Dynamics (for Derwent London): \nTel: 020 7831 3113\n\nNigel George, Director, Derwent London Tel 020 7659 3000\n\n\nNotes to editors\n\nDerwent London plc\n\nDerwent London plc was formed on 1 February 2007 following the merger of Derwent\nValley Holdings and London Merchant Securities and converted to REIT status on 1\nJuly 2007. The group is one of London's most innovative office specialist\nproperty developers and investors and is well known for its established\ndesign-led philosophy and creat...