CCP 5, a fund managed by Tristan Capital Partners, has appointed construction firm Structure Tone to deliver a circa £22m office-led redevelopment at Holborn’s iconic Sicilian Avenue, WC1.
The redevelopment involves two Grade II listed buildings, at 21 Southampton Row, WC1, and Vernon & Sicilian House.
The project, known as Bloomsbury Quarter, will involve some structural alterations followed by a comprehensive Cat A refurbishment. It is targeting BREEAM Excellent and EPC B ratings, with works set to complete in Q2 2025.
When completed, the scheme will deliver a total of 52,000 sq ft of prime office space and 9,000 sq ft of high-end retail.
Knight Frank Asset Management is working with Tristan Capital Partners on the site’s repositioning. Alchemy Asset Management is acting as development manager.
David Hughes, director at Alchemy, said: “Having worked hard to get this through planning over the last 15 months we look forward to working with Structure Tone on delivering this exciting project.”
Justin Fahy, managing director of Structure Tone London, said: “Tristan Capital Partners has entrusted Structure Tone with the Bloomsbury Quarter project and we’re excited about revitalising these historic buildings into a vibrant, sustainable corner of Holborn.
“This project really reinforces our presence in the refurb market and we look forward to delivering this exciting scheme in partnership with Alchemy Asset Management.”
To send feedback, e-mail pui-guan.man@eg.co.uk or tweet @PuiGuanM or @EGPropertyNews
