INDUSTRY NEWS

London Square’s Putney London office and flat scheme gets the go ahead

London Square has finally received the go ahead for a £40 million mixed-use scheme in Putney.

The luxury developer has been given the green light to start redevelopment work on the west London office building at 113 Upper Richmond Road.

The 12-storey mixed-use scheme will provide 19,000 sq ft of office and retail space as well as 76 flats.

London Square initially purchased the office building, located next to East Putney tube station, in 2011, but planning permission has only now been granted.

London Square chief executive, Adam Lawrence, said: “London Square Putney is an outstanding new scheme in a sought-after part of the capital, which will transform the heart of SW15.

“We now have a total of nine prime sites underway across the capital and Putney represents what all of our developments have in common – great architecture, thoughtful design and a fantastic location.”

Set-up by former Barratt London regional chairman Adam Lawrence, the firm started life in 2010 with a major £100m investment. It recently promoted Brian Betsey to managing director.

It now has more than £360m worth of developments in the pipeline, including work at nine sites including the development at Putney, as well as others in Fulham, Bermondsey and Teddington.

Work is expected to start on the site soon, with development expected to be completed in 2015.

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