Green light for Westminster office scheme

Real estate investment manager Meadow Partners has secured planning approval from the Westminster City Council Planning Committee for the redevelopment of 10–20 Victoria Street.

The approved plans for the site will transform two existing buildings into a £600 million high-quality, Grade A office development.

The 12-storey redevelopment will deliver approximately 24,000m² of office workspace, significantly expanding the existing footprint, as well as an additional 754m² of new retail and restaurant space at ground floor level.

The scheme, located near Westminster Abbey and Parliament Square, is designed by Piercy & Company, and, by using high-quality materials including natural limestone and green granite, places a strong emphasis on architectural quality, sustainability and contribution to the surrounding streets.

J. Andrew McDaniel, Co-Founder and Partner at Meadow Partners, said: “10–20 Victoria Street, located along a heavily trafficked and prestigious location in London, is one of the last major blocks to be redeveloped in Victoria, a rapidly improving office submarket in London.

“We are pleased to receive the approval, which gives us the opportunity to move forward with a scheme that reflects our approach of identifying sites with strong fundamentals, investing with conviction and creating assets that can perform over the long term.”

Stuart Piercy, Founding Director at Piercy & Company, said: “This is an opportunity to contribute a building of lasting quality and considered design to an extraordinary setting that is intended to stand the test of time.”