Great Portland plans London development drive

Grant Prior 14 years ago
Share

Property giant Great Portland Estates has confirmed that seven major developments are in the pipeline during a bullish trading update today.

Two schemes have also recently been started in London and the combined plans could lead to the construction of 1.6 million sq ft of space across the capital starting by the end of next year.

The company said: “In July we received a resolution to grant planning permission for further enhancements to our proposals at our 102,000 sq. ft. redevelopment of Marcol House, 289/295 Regent Street, W1, and at our residential scheme at 23/24 Newman Street, W1.

“Demolition commenced earlier this month and we are targeting practical completion in 2012.

“The 100 Bishopsgate Partnership, our joint venture with Brookfield Properties, has made good progress in preparing this major City development for a potential start date during 2011, subject to a variety of partner approvals.

“Detailed design and specification studies have identified project improvements which could allow an increase in lettable area up from 815,000 sq. ft. to approximately 860,000 sq. ft.

“We continue to prepare schemes at Oxford Street, Wigmore Street, Walmar House, Regent Street, all in W1 and Fetter Lane, EC4 for a potential start over the next two years.

“At Hanover Square, W1, discussions on our masterplan proposals continue with Crossrail and, having received a favourable response from a number of stakeholders to our design proposals, we anticipate submitting a planning application later in 2010.”

Latest news

M&S wins appeal over Gove refusal to demolish flagship store

Retailer claims victory in planning row over Marble Arch building
13 hours ago

Plans expand for “new city district” at Bristol airfield

Malaysian firm YTL gets green light for bigger Brabazon development
19 hours ago

NG Bailey chief to step down

David Hurcomb to retire in May after 14 years at the helm
1 day ago

Hundreds to be rehoused in Aberdeen over RAAC fears

Engineers exploring whether to condemn 500 homes or carry out remedial works
1 day ago

Plan in for North London 620-bed student scheme

Student rooms and affordable homes scheme to be built in Wood Green
19 hours ago

Stantec lands design role on £4bn battery factory

First main construction award due shortly on Somerset mega-project
2 days ago

Utilities and civils specialist Ferns returns to profit

Kent-based firm grows to £81m revenue as telecoms work takes off
20 hours ago

Go-ahead for 316 bed Stratford student scheme

Construction to start by end of year on site next to Pudding Mill Lane station
20 hours ago

Equans suffers £146m loss and quits new build housing

Losses hit £99m on housing association new build work
2 days ago

Job cuts at modular house builder TopHat

Offsite housing specialist acts in response to "challenging market"
2 days ago

Graham wins £85m Milton Keynes Lakes Estate revamp

Enabling works start ahead of building 200 council homes
2 days ago

Go-ahead for London’s largest estate £1bn rebuild

Spring start for first job at Stratford's Carpenter Estate scheme
2 days ago

Costain trials electric vans on major civils sites

Green vans meet "tight budgetary requirements" in pilot scheme
3 days ago

Green light for major mixed-use scheme in Ealing

Scheme will provide 10,915 sq ft of industrial workspace alongside 140 new homes
2 days ago

Taylor Wimpey sees tender inflation fall to 1%

House builder retenders site work as build costs slide
3 days ago

Careys back in profit after £47m turnaround

Contracting division back in profit ahead of three-year growth plan
4 days ago

Rye Demolition goes into administration

Another specialist contractor goes under
3 days ago

Historic breakthrough for HS2’s longest tunnel drive

TBM Florence ends her 10 mile journey under the Chilterns
3 days ago

Volumetric builder Tide seals deal to start London tower

32-storey North Acton tower will consist of 462 co-living units
3 days ago

Costain moves HQ to London’s Can of Ham

Contractor makes return to London from Maidenhead base
3 days ago

Former Keltbray highways MD joins McAlpine

Vip Gandhi takes lead role at Transport division
4 days ago

Willmott Dixon exits stage left from Essex theatre contract

Contract re-tendering shines spotlight on growing schism between contractors and clients
4 days ago

Purpose build student schemes to surge again

Unite assembles record £1.3bn pipeline as fall in HMO supply boosts PBSA sector
4 days ago

Bidding starts for £1.4bn Midlands Rail Hub Alliance

Alliance will deliver upgrades to rail lines and stations around Birmingham and nearby towns
4 days ago

Brickability sounds warning over materials demand

Distributor sees lower sales lasting for longer before house building recovers
4 days ago

English Cities Fund raises extra £200m for work pipeline

Muse, Homes England, L&G partnership to double in size
4 days ago

Go-ahead for 64 homes at former Glasgow Coliseum theatre

Robertson-owned developer Urban Union to build four housing blocks at site
4 days ago

Competition probe launched into 8 major house builders

Cartel watchdog says volume house builders may have exchanged competitively sensitive information
5 days ago

Cement-free concrete firm falls into administration

DB Group also owned Pudlo waterproofing products
5 days ago

Everton Stadium now structurally complete

Laing O'Rourke lifts final concrete terrace section into place
5 days ago

Contractor services