Office construction starts at 280 High Holborn

Posted on by John Cronin

International property investor Hines has announced that work has started on a new office scheme in London.

Hines announced yesterday that construction work has now started on a speculative office scheme to be known as 280 High Holborn, London in an area that developers have attempted to rebrand Midtown. The building replaces the now demolished Chichester House, an 8-storey office building that offered 70,000 sq ft of floor space. Hines acquired the building in April 2007 and achieved planning consent for a new scheme by the end of 2007. Hines had previously announced in August, 2008 that the old offices had been demolished and construction work had commenced on a new-build scheme.

280 High HolbornThe new scheme (pictured) consists of an 8-storey building that will offer 67,000 sq of office floor space and 3,000 sq ft of ground floor retail space. Individual floor plates will range in size from 7,000 sq ft to 9,400 sq ft. The Grade A scheme is expected to achieve a BREEAM rating of ‘Excellent’. A completion date of autumn, 2012 is expected.

Hines UK Project Director Alexander Knapp said, “We are very optimistic about the leasing prospects for 280 High Holborn as we expect it to be completed at a time when Midtown will have very low levels of Class A supply”.

Architects for the scheme are GMW and the main contractor is Mace who have previously worked with Hines on a mixed-use, residential and office scheme at One Grafton Street, Mayfair. Hines are also expected to complete their 389,000 sq ft Cannon Place office scheme later this year.

Joint marketing agents for 280 High Holborn are Jones Lang LaSalle and DTZ.

This entry was posted in London and tagged , . Bookmark the permalink.