Buoyant Derwent London set to build more offices
Derwent London is to submit plans for two new office schemes in the capital, designed by AHMM and Piercy Conner Architects, before the end of the year
The news comes as Derwent London posted strong half-year results which revealed a £200 million increase in the value of its property portfolio, taking it to £2.15billion at 30 June 2010.
As signs continue to emerge of a resurgent office market in London, the developer also announced it would be submitting a planning application for the 24,600m² AHMM-designed ‘White Collar Factory’ development at Hampstead Road in Euston and making a second attempt to redevelop The Turnmill site in Clerkenwell Road.
The AJ understands Piercy Conner Architects has been asked to come up with a smaller (6,300m² ) scheme for the plot after the practice’s initial plans were turned down on appeal in May (pictured top and see below).
Meanwhile ORMS has been commissioned to work on redeveloping the retail element of the newly acquired Central Cross building in Tottenham Court Road (pictured right).
Derwent London claims the £146 million, 23,300m² offers ‘significant opportunities for future refurbishment and improvement’.
Full interim June 2010 report details attached.
Previous story (AJ 04.12.09)
Derwent London to lodge appeal for Turnmills building
Derwent London has lodged a planning appeal against the London Borough of Islington’s decision to refuse consent for Piercy Conner Architects new office building on Clerkenwell Road
The 7,060 sq m building would replace The Turnmill – once the home to one of London’s most famous nightclubs and also owned by the developer – with offices, restaurants and shops.
Derwent London director David Silverman said: ‘We were disappointed by the decision at Committee not to grant planning consent but given the extremely strong support for our scheme from senior planning officers at Islington Borough Council, we feel that an appeal is fully justified.’
The council confirmed the decision, adding: ‘The reason given was that the proposed demolition didn’t comply with council planning policy. We can confirm that an appeal has been lodged.’
The Planning Inspectorate has now asked Islington Council if it would agree to a public enquiry - details of which are not available at present.