Developer Castleforge has secured a £115m senior loan facility for its redevelopment of 1 Golden Lane, EC1, from investment managers Cheyne Capital and Apollo Global Management.
Expected to complete in Q1 2026, the 13-storey building will offer around 120,000 sq ft of office space, 7,000 sq ft of terraces and 4,000 sq ft of communal workspace.
Michael Kovacs, founding partner of Castleforge, said: “High-profile firms need best-in-class office environments, especially at a time when employees are now either in the office full time or hybrid working and require exceptional sustainability certifications to keep pace with ESG commitments. [This building] will provide office spaces fit for blue chip occupiers looking for a new central London headquarters and highlights our commitment to investing in London’s sustainable office market.”
The existing Grade II listed eight-storey building was designed by Sidney Smith, architect of the Tate Britain, and has features which date back to 1896.
Castleforge’s planned redevelopment will retain around 95% of the existing structure, reusing more than 20 tonnes of original steel from the site.
A marketing suite will be opened on site later this year for potential occupiers to explore leasing opportunities in the building.
Andreas Dimitriou from Cheyne Real Estate said: “The demand for premium office space in central London remains strong, particularly for properties that combine high-quality facilities with expansive green space. Castleforge has a proven track record of executing ambitious, innovative, and sustainability-led developments in the UK and Europe. We are thrilled to be partnering with the team again, alongside Apollo, to create a best-in-class workspace with the highest ESG standards at its core.”
Image © RiverFilm
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