INDUSTRY NEWS

Helical Bar to recommence work on Mitre Square London office project

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Helical Bar has revealed that construction work on its Mitre Square office project will get under way again this year (2014), whilst work on its Barts Square scheme will begin next year (2015).

The Mitre Square project had previously been delayed.

The British property investment and development company has stated that the buildings that previously occupied the Mitre Square site had been demolished, and a financial partner for the £108 million project had been identified and secured.

Once completed Mitre Square will provide 42,000 sq m  of office space across 19-storeys, as well as 3,000 sq ft of ground floor retail space.

The Barts Square development, meanwhile, has been granted planning permission to feature 226,000 sq ft of London office space, as well as 202,000 sq ft of residential space, and 24,000 sq ft for retail and leisure amenities.

Commenting on the project, Helical Bar’s chief executive, Michael Slade, said: “The London office development programme will provide the potential for substantial additional profit in the next few years alongside our mixed-use scheme at Barts Square, London EC1, which is due to commence in January 2015.”

Both the Mitre Square and Barts Square developments have been designed by award-winning  architects, Sheppard Robson – known for its sustainable architectural designs.

By: Kirsty MacGregor

News bought to you from DeVono Cresa, the award-winning commercial property advisers, specialising in Central London office, retail and leisure space.

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