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26/04/2013

British Land Submits Planning Application For Mixed Use Scheme

British Land has submitted a planning application to Westminster Council for a major new 193,500 sq ft mixed use scheme following its acquisition of the Clarges Estate last year.

The site totals almost one acre bounding London's Piccadilly and includes residential, offices and retail.

Planning consent for an earlier scheme was granted in April 2011 but the new plans reinvigorate this important corner of Mayfair and see residential use increased from 63,000 sq ft to 94,000 sq. ft. and the development’s office element re-modelled from 91,000 sq ft to 47,500 sq ft.

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The prime residential component, overlooking Green Park, will comprise up to 36 units over nine storeys and is a rare addition to new-build properties in Mayfair which are in short supply. Stepping back from Piccadilly, on the other side of a new mews street, the office element will sit on the ground floor and six upper floors with facades to Clarges Street and Bolton Street.

Residential CGI

Tim Roberts, Head of Offices for British Land, said: "This is a complex project involving detailed site assembly and reconfiguration, but our core development skills have delivered an exciting outcome for this important area of London.

"We are big backers of London, and this is a rare opportunity to develop a freehold Mayfair site for a structurally under-supplied market as well as reinforcing British Land’s growing strength in London’s West End."

(CD)

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