“Noho Square” project brought in from the Cold
As the property market begins to pick up yet another prime site will be brought in from the cold as CB Richard Ellis are appointed to sell the ΓÇ£Noho SquareΓÇ¥ by commercial and investment banking group Kaupthing.
Originally earmarked as a ┬ú1bn scheme the project fell foul of the recession, before finding itself solely owned by the banking group following a swap deal with its former partner in the deal.
The scheme, which has already secured planning permission for a 900,000 sq ft residential and office development, would see three new buildings replacing the Victorian hospital currently occupying the site but incorporating the grade II listed chapel. The approved plans use designs by Make Architects and further details can be found by visiting their site HERE
Adam Hetherington, central London managing director CB Richard Ellis was quoted by Property Week as saying: ΓÇ£A cleared three acre site in a core West End location with planning for almost 900,000 sq ft of mixed use development represents a unique opportunity and will attract interest from a range of UK and international purchasersΓÇ¥