Derwent London has been granted planning consent for a 105,000 sq ft mixed use development at 25-29 Berners Street, London W1.
Westminster city council granted planning permission yesterday, which is subject to approval by the GLA.
The scheme is designed by Piercy & Co architects and comprises 20,000 sq ft of retail and 85,000 sq ft of office space.
Derwent has a long leasehold on the site and discussions with the freeholder are “progressing well”, according to a stock exchange announcement.
The existing buildings are occupied by MCPS-PRS Alliance Limited, which will vacate the site in January 2015, allowing work to start next year.
John Burns, Derwent chief executive, said. “We are excited by the prospects for this scheme, which will contribute to the continued regeneration of Fitzrovia and adds to our significant development pipeline.”
