INDUSTRY NEWS

Barts Square scheme gets approved

Planning permission for one of the largest ever regeneration projects on the former St Bartholomew’s hospital site has been approved, paving the way for extensive new building work.

Designed by architects Sheppard Robson and set to be developed by Helical Bar plc alongside The Baupost Group LLC, the project will be one of the most significant ever undertaken in the area.

Members of the City Planning Committee voted in favour of  granting planning permission, the scheme will see the creation of around 23,000 square feet of office space, as well as 225 flats, shops, cafes and restaurants. The plans will see existing buildings on the site destroyed and the construction of new buildings potentially 12 storeys high.

The area will be renamed Barts Square.

The new London office space will sit predominantly along the junction of Edward Street and Little Britain and will spread across two buildings.

The two companies initially bought the site in 2011 at a cost of £55m, but work is not likely to commence until 2014. This is because the land is currently let out to the NHS, however as part of a phased basis the plot will become vacant over the next two to four years.

Helical Bar development director, Gerald Kaye, said: “We are very excited to have received the resolution to grant and believe the outcome of the Committee’s decision reinforces the clear need and support for redevelopment in this area. Our focus will now be to further progress the design to deliver the sympathetic and considered scheme that the area deserves.”

It is estimated that the entire scheme should be complete by 2020.

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