Peachey Property Corporation have bought 76 Cannon Street, London EC4, from Carless Investments for around £2.5m. Situated in the College Street conservation area, it has listed building consent and Peachey intend to develop a new 7,900-sq ft office building on basement, ground and six upper floors plus a ground-floor shop.
Peachey say that work on the building — which they estimate will cost around £2m — will start in September. The site is held on a 150-year lease from London Regional Transport.
Baker Harris Saunders acted for Peachey. Edward Charles & Partners and Richard Main & Co advised Carless.
