Hoi Hup Realty clinches resolution to grant planning consent for London ‘High Holborn' project
[SINGAPORE] Hoi Hup Realty on Wednesday (Jun 18) secured a resolution to grant planning consent from the City of London Corporation for the 'High Holborn' project, an office-led regeneration of a 1.4-acre island site.
The project area comprises three buildings in London – at 322 High Holborn, Holborn Gate and 44 Southampton Buildings.
The 'High Holborn' project has been spearheaded by international construction and property consultancy Gleeds, which serves as development lead. At the same time, Make Architects and Savills are leasing advisors for the project, and Newmark is its planning consultants.
The transformational scheme is at a location adjacent to Chancery Lane underground station. It is within five minutes of Farringdon Station and the Elizabeth Line.
The newly consented scheme will deliver over 370,000 square feet (sq ft) of new Grade A workspace. In addition, the building will include a new cultural venue named the 'Holborn Dome', a public pocket park at Southampton Buildings, and enhanced ground-floor amenity and permeability, to accomodate modern occupiers.
The development is set to utilise smart systems and low-carbon materials throughout, with examples such as terraces, wellness spaces, and flexible floorplates cited.
This is in light of how it is targeting Building Research Establishment Environmental Assessment Method 'Outstanding' and Energy Performance Certificate 'A' ratings, where the former would indicate the highest standards for sustainability across categories like energy, water, and materials being achieved, and the latter showing that the building has very low energy consumption and carbon emissions.
The Singapore-based property developer spent four years assembling the site through a series of acquisitions, totalling around 250,000 sq ft of underperforming office space.
Wong Swee Chun, chairman of Hoi Hup Realty said: 'The Midtown location has great potential, and we are proud to be investing here.'
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