INDUSTRY NEWS

Tishman Speyer Submits Plans For London Office Building Redevelopment

Property development company Tishman Speyer has submitted plans to redevelop the Department for Communities and Local Government’s (DCLG) current London office.

The redevelopment plan, if approved by Westminster City Council, would the see the Eland House building undergo a significant revamp to feature a ground floor supermarket, and retail kiosks, as well as ten floors of office space in London. Plans have also been outlined to re-clad the building, situated in Victoria; whilst its sloping roof would make way for a roof terrace.

Work would see the amount of lettable space the building could provide increase from 23,876 sq m to around 29,728 sq m.

If the plans are given the seal of approval, the DCLG would vacate the building later this year (September 2014), moving into the spare office space at the Home Office’s base at 2 Marsham Street.

Speaking about the company’s plans for Eland House, managing director at Tishman Speyer’s London office, Dan Nicholson, stated: “When we bought the building in 2012, we initially planned to refurbish it keeping the existing cladding, but we realised that we could do something much more interesting if we added a new and built onto the structural frame

“It’s going to be the best building in Victoria. With its green roof, open spaces and roof terrace, it will be an exceptional addition to the market,” he added.

The company has said the redevelopment would be completed by spring of 2016.

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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