INDUSTRY NEWS

Speculative development project to begin in Uxbridge

Development of Toyon, a speculative office development in West London, is set to begin in 2011. The scheme is set to bring 80,000 square feet of offices to Uxbridge on the former Highbridge Park site.

The site was acquired by developers Rockspring Hanover Property Unity Trust for £5 million. Existing development manager Bell Hammer will continue to supervise under the new owners. The project should be completed by the summer of 2014, with the new Grade A London office space overlooking the Grand Union Canal in central Uxbridge.

The proposed design has a ground floor reception area with six storeys of open plan office space. London has seen little prospective development since the recession, and Rockspring proceeding without a pre-let agreement makes Toyon the first truly speculative office development for three years in West London. Toyon has been hailed as a sign of recovery for the property market in the area.