Bennetts bags planning for £30million Marble Arch House
Bennetts Associates has won planning permission for a landmark 10,000 m² mixed-use scheme on Edgware Road, west London
The £30 million project will replace a ‘nondescript 1930s structure’, creating a gateway to The Portman Estate with new paved surfaces, enhanced landscaping and a ‘semi-private’ courtyard.
David Henderson from Bennetts Associates said: ‘We are delighted that the scheme has been given the go ahead from Westminster Council, as it is an important step forward in enhancing this area of the West End.
‘The vision of The Portman Estate is to create a development that respects the historic nature of the site, whilst uplifting the area’s visual identity and raising the benchmark for environmental design.’
The project aims to surpass Part L carbon emission requirements by up to 40 per cent, and proposed green-roofing could encourage biodiversity.
Marble Arch House is scheduled to complete in 2013.
British Land pens development deal
British Land will has agreed an £18 million deal to buy a site near London’s Hyde Park to redevelop for offices, shops and luxury apartments.
The Portman Estate has agreed to sell the Marble Arch House site, which situated on the corner of Seymour Street and Edgware Road, round the corner from Oxford Street and Hyde Park. The existing site consists of two mixed-use five storey buildings which will be knocked down.
The new development, which has detailed planning consent, has been designed by Bennett’s Associates Architects. It will consist of 5,574m² of high quality office accommodation and 1,393m² of retail space.
Next to the new office block will be a development of 10 luxury residential apartments with a 464 sq m restaurant unit at ground level built behind the retained period Victorian facade of 62-64 Seymour Street. Excluding land and interest, the total cost of development is expected to be around £40m.
Demolition and ground works are expected to start in the summer, with practical completion scheduled for mid 2013. Once finished, British Land will be granted a new 125-year lease on the commercial element of the development and a separate long lease on the flats.
Tim Roberts, head of offices at British Land, said: “Marble Arch House will offer high quality accommodation at a time when supply will be limited in a West End location which is being regenerated.”