Green light for new £45m tax office in Portsmouth

Grant Prior 6 months ago
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Plans have been approved for a new office hub in Portsmouth which will be occupied by HM Revenue and Customs (HMRC).

Welbeck CP and Development Manager Coplan Estates are now looking for a main contractor and demolition specialist with work scheduled to start next Spring on the £45m scheme.

The No.1 The Goodsyard project will transform the former Matalan car park on Station Street into 8,000 sq m of office space over four storeys.

HMRC is contracted to take the building and will locate approximately 1,250 HMRC and Marine Management Organisation (MMO) employees there.

Edward Flach, Managing Director at Welbeck CP, said: “It’s great to get the go ahead because this scheme represents a real opportunity to improve an area of the city which is currently underused and underappreciated, to put jobs directly into the city centre, and to maximise the site’s relationship with the station.

“Our plans were developed over three years of consultation and dialogue and they align with the council’s vision for the city centre.  With approval from the council now in place, we want to move forward as quickly as we can and, subject to completing the S106, will be looking to start on site in Q2 2025.”

HMRC is expected to move from its current office at Lynx House to No.1 The Goodsyard in late 2027.

The former Matalan site is anticipated to come forward in two phases – this No.1 The Goodsyard office for HMRC on the car park site is phase 1.  Phase 2 will see the redevelopment of the eastern portion of the site, including the former Matalan store unit.

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