HB Reavis to deliver mixed-use scheme in London
August 14, 2018 – Workspace provider HB Reavis has acquired approximately 12,800m² Crossrail over-site development (OSD) at Farringdon West, located in the heart of Clerkenwell in Central London.
Under the deal with Transport for London (TfL), HB Reavis will deliver a major mixed-use development above Farringdon station.
The re-designed scheme will focus on placing user well-being at the centre of the development.
The site will become HB Reavis’ fifth acquisition in its pipeline of Central London office developments.
Its previous acquisitions are: 33 Central, which was completed and sold to Wells Fargo in December 2017; 20 Farringdon Street, which was completed in April 2018; Cooper & Southwark, which was recently completed, fully pre-let to international real estate advisor CBRE’s Global Workplace Solutions division and then sold in June 2018; and One Waterloo (also known as Elizabeth House) on London’s South Bank, which HB Reavis acquired in May 2017.
Designed by British architecture practice John Robertson Architects, the project comprises approximately 12 800m² of office, retail and amenity space.
John Robertson Architects had also worked with HB Reavis on its 33 Central office development.
The development has been designed to focus on delivering the quality office accommodation. Well-being has been introduced as a main theme in the entire development to ensure a creative, content and motivated community of users in the building.
The scheme, which is targeting the highest Well Building Institute standard of Platinum, will provide a landlord-operated fitness facility, ground floor cycle provision accessed directly from the Cycle Superhighway.
The objective is to have one of London’s highest office space-to-terrace ratios of approximately 12%, which have been designed as external places for work, relaxation, socialising or events.
The substantial terraces will also offer views of the London skyline.
The office floors have been reconfigured to provide a single core, creating open, flexible floorplates of up to 2,700m².
The ground floor, designed by StudioShaw, will offer a mix of food and beverage options, as well as a garden. A 170-person auditorium will also be constructed to offer event space for occupiers.
The development, adjacent to the newly built Farringdon station, will be the only station where Crossrail (which will operate as the Elizabeth line), London Underground and Thameslink meet.
The development will be located close to Barbican Centre, Exmouth and Leather Lane markets and Sadler’s Wells Theatre.
Construction of the seven-storey commercial scheme is expected to begin in 2018 and be completed in 2020.