INDUSTRY NEWS

St James granted London office space planning permission

Development firm St James has been granted planning permission for a development that will include London office space.

St James originally submitted plans to  create a new tower – divided into sections featuring 14, 21 and 28 floors – at the site of Eastbury House – a building currently occupied by various government departments. The government’s lease on the Albert Embankment building ends in June 2013.

As well as office space – situated on the building’s lower floors – the new office tower will feature around 48 flats and apartments and a cafe on the ground floor.

Having won permission for the development, chairman of St James Group, Sean Ellis, told London-SE1: “St James is part of the Berkeley Group which has funds available to start work on-site without the need for third-party funding, and this has enabled St James to keep building throughout the recession.”

“The (Government’s) lease expires in June next year and we fully intend to start on site as soon as they vacate,” he added.

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