Developer Reef Group said that it has received planning permission from Westminster City Council for a £150 mln (€170 mln) scheme to transform its Cavendish Square site into a subterranean mixed-use destination.
Westminster City Council has approved the plans via a virtual planning committee, thought to be its first major application approval completed online.
Cavendish Square London is aimed at the health and wellbeing industry; leveraging the site’s location linking three of London’s most iconic addresses – Harley Street, Oxford Street and Regent Street. The scheme will deliver much-needed specialist facilities for London’s private healthcare sector and premium retail and leisure space.
The development will total 280,000 sq ft (26,000 m2) across four storeys below ground level.
Cavendish Square London will be one of the West End’s largest ever developments, with floors of up to 80,000 sq ft (7,432 m2) and floor to ceiling heights of up to 8m.
Reef Group is in advanced discussions with several tenants to occupy the space. Construction is expected to start next year with completion in 2023.
Stewart Deering, joint chief executive of Reef Group, said: ‘Reef Group has worked closely with Westminster City Council to design an iconic destination for London and we are delighted to have secured planning consent for the scheme. We will invest more than £150m in developing a vibrant, sustainable and sensitively designed place with a core focus on health and wellbeing.’
CBRE and Savills act as agents on the Cavendish Square London scheme. UrbanR are lead Architects, supported by Gensler and Sonnemann Toon.
