Palace Capital has gained planning consent for a mixed-use scheme on a two-acre site at Hudson House in York.
York City Council approved the development of four new buildings totaling 132,893 sq ft, split into 127 flats, 5,000 sq ft of leisure and 34,000 sq ft of offices.
Hudson House is currently a 1960s office building with a lettable floor area of 103,000 sq ft. Plans were submitted in March to demolish the existing property.
Neil Sinclair, chief executive of Palace Capital, said: “Hudson House was part of the Sequel Portfolio which we acquired from Quintain in 2013 and where we already have two other planning approvals.
“We are very excited about the prospects for this site and now we have consent we will be focusing on how best to maximise shareholder value while limiting the risk to our company.”
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