News Article

Terrace Hill Group and Doughty Hanson & Co Real Estate announce today that they have been granted detailed planning consent for a major new office and residential scheme at 1 Howick Place in Victoria, London. 

The new scheme, which is on the site of the former head office of House of Fraser, will comprise:

135,000 sq ft of net internal Grade A offices over eight floors, ranging in size from 14,500 sq ft to 20,000 sq ft;

• 23 private residential apartments offering a range of one, two and three bedroom options on the upper levels with high quality specifications and generous living space; and
• 10 affordable housing units, of one to three bedrooms.

 Cushman & Wakefield and CB Richard Ellis have been appointed to act as letting agents on the commercial element of the development and will start marketing for pre-lets early in 2009.  Work is scheduled to start on site in spring 2009, with completion targeted for the summer of 2011.  The scheme will include a number of energy-saving environmental features including Combined Heat and Power and Ground Source Heat Pump systems, designed to maximise energy efficiency and minimise the scheme’s carbon emissions.  These measures will help to achieve a targeted BREEAM rating of ‘Excellent’.

Savills has been retained to advise on the residential elements of the scheme.