Business
GPE secures planning for Fully Managed scheme
Great Portland Estates PLC (GPE) announced that Westminster Council has granted planning permission for the refurbishment of 15 Gresse Street and 12/13 Rathbone Place, W1. The scheme will deliver 43,000 sq ft of premium Fully Managed workspace across five floors. The project, designed by dMFK Architects, includes retaining and refurbishing the existing buildings with small extensions to the rear upper floors and a larger communal terrace. Works are scheduled to commence in early 2026, with completion targeted for early 2027. Disclaimer*
About this update from Great Portland Estates Plc
[{"type":"text","content":"\n\n29 September 2025\n \nGPE secures planning for Fully Managed scheme at Gresse Street, W1\n \nGreat Portland Estates plc (GPE) has today announced that Westminster Council has resolved to grant planning permission for the high-quality refurbishment of 15 Gresse Street and 12/13 Rathbone Place, W1 as part of its Fully Managed offering.\n \nLocated in the heart of Fitzrovia, less than 200 metres from the Elizabeth line station at Tottenham Court Road, the scheme will provide 43,000 sq ft of premium Fully Managed workspace across five floors. Designed by dMFK Architects, proposals include the retention and refurbishment of the existing buildings together with small extensions to the rear upper floors to create practical, user-friendly floorplates and a larger communal terrace for office customers.\n \nWorks are due to start early 2026, with completion targeted for early 2027.\n \nTrevor Phyo, Senior Development Manager at GPE commented: \"We are thrilled to have secured Westminster Council's resolution to grant planning permission for this project, enabling us to bring new life to this building, enhancing and elevating it for a new chapter in its history. We are excited to be delivering a best-in-class office in this prime location, and further our strengthening Fully Managed portfolio.\"\n \nBen Knight, Director at dMFK added: \"15 Gresse Street has a rich 90-year history shaped by its legacy in manufacturing and fashion design. Our proposals honour this heritage by reimagining this tired yet characterful building into a stylish, comfortable, and sociable modern workplace.\"\n \n \n\n\n\n\nGreat Portland Estates plc\n\n\n+44\n\n\n(0)\n\n\n20\n\n\n7647\n\n\n3000\n\n\n\n\n\n\n\nToby Courtauld, Chief Executive\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNick Sanderson, Chief Financial & Operating Officer\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nStephen Burrows, Director of Investor Relations and Joint Director of Finance\nTrevor Phyo, Senior Development Manager\nYasemin Kiani, Communications Lead\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFGS Global\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nJames Murgatroyd & Gordon Simpson ...