RE Capital's Greycoat Place greenlit
An independent, private investment company and developer RE Capital has got planning consent for its flagship mixed-use scheme in Westminster, London.
10 Greycoat Place is a 78k square feet mixed-use development in Central London that will experience a redevelopment of a former Victorian warehouse building into office spaces across 8 floors with private terraces. The building was acquired by RE Capital from Derwent London in mid-2019.
The developer plans to restore the front of the building using high-quality materials and reflecting the genuine heritage of the surroundings. The interior spaces will be refurbished to create flexible office spaces with notes of the Victorian warehouse. There are also proposals to deliver a new restaurant and sports facilities, including cycling amenities, using an environmentally sustainable approach.
The team working on 10 Greycoat Place development include such property specialists as Geneva Management Group, SPPARC architects, Brunel Planning, and Meridian Project Management. The development aims at BREEAM «Excellent» standards along with WiredScore «Platinum» and Wellness Certifications. The expected starting date of the construction is September 2021 with a potential completion date in 2023.
Simon Banks of RE Capital says that they are honoured to be granted planning consent for their development, and it represents a «fantastic achievement» for the team working on this project. The scheme is to provide a unique experience for the end-users, envigorating the original history of the building and providing state-of-the-art leisure and working spaces with stunning views.
Newman Leech of RE Capital adds that this is a pivotal milestone for this promising project that supports their corporate objective to provide first-class sustainable office buildings in prime locations. The developer looks forward to starting construction this year.