Various new deals have been transacted in the last few weeks across Victoria as well as some new planning applications being approved.

The very impressive 53,000 sq ft scheme by Quadrum Global at 21 Dartmouth Street has just been pre-let to the House of Commons, two weeks ahead of the formal launch. It has been renovated to a very high standard including exposed services and some superb terrace spaces with views across Westminster. Tuckerman are delighted to have been involved in this scheme, advising from the concept stage through to completion.

The new 96,000 sq. ft refurbishment at 64 Victoria Street has also now been completed with Westminster City Council taking back possession of the upper nine floors. The lower ten floors have been refurbished to CAT A and are now under offer to a single tenant, less than a week post-launch.

There has been an interesting shift away from conversion of office space to residential, partly due to values shifting and also the planning regime changes. However, hotel consents have been sought in certain locations rather than applications for office refurbishment. The Press Association  headquarters on Vauxhall Bridge Road is now pending consent for a new Citizen M hotel of 242 bedrooms. Citizen M has created some very impressive hotels at Tower Hill and particularly Bankside, with open and inclusive common areas at ground floor level. It will be a big plus for the Vauxhall Bridge Road micro-location.

Another surprising new hotel application is at 4/5 Buckingham Gate, currently office space, which would seem a prime residential location overlooking the Palace. Consent is being sought for a 53 Bedroom scheme there. Finally, the former Capita Plc HQ offices at 61/71 Victoria on the corner with Strutton Ground has been granted consent for a new hotel scheme with two new additional floors and a new façade. Strutton Ground itself has been subject to a significant refurbishment with £2m of section 106 monies being spent on the street.

Channel Four’s shock departure from the area will be a loss to Victoria and Westminster but it seems that the famed Foster-designed Channel Four HQ will be retained as a hub for independent film producers and studio space, which is great news.

Derwent London have decided to sell their 60,000 sq. ft block at 10 Greycoat Place. It’s previously been operated as a Regus and will be sold vacant but with potential for either office refurbishment, or comprehensive redevelopment. The restaurant element of the adjacent building – the old Fire Station – is rumoured to be in advanced talks with a Michelin Starred chef to open a new high-end dining and leisure amenity. Close by, Townsend House on Greycoat Place is back into planning for an office scheme with two residential units and retail after being refused for restaurant and residential.

The Coach Station was back in the news again with the rumour that a move to Royal Oak was being considered by TFL. Whilst the regeneration of the coach station area would be a massive boost locally, it seems this very political issue will continue to drag on until a definitive decision is made.

LandSec have launched their MYO flexible office brand to the market at 123 Victoria Street. The space will be fitted out to a tenant’s specification from various impressive palettes but on shorter term leases. Further demand from the seemingly insatiable serviced office sector continues to target the area.

Various new deals have been transacted in the last few weeks across Victoria as well as some new planning applications being approved.

The very impressive 53,000 sq ft scheme by Quadrum Global at 21 Dartmouth Street has just been pre-let to the House of Commons, two weeks ahead of the formal launch. It has been renovated to a very high standard including exposed services and some superb terrace spaces with views across Westminster. Tuckerman are delighted to have been involved in this scheme, advising from the concept stage through to completion.

The new 96,000 sq. ft refurbishment at 64 Victoria Street has also now been completed with Westminster City Council taking back possession of the upper nine floors. The lower ten floors have been refurbished to CAT A and are now under offer to a single tenant, less than a week post-launch.

There has been an interesting shift away from conversion of office space to residential, partly due to values shifting and also the planning regime changes. However, hotel consents have been sought in certain locations rather than applications for office refurbishment. The Press Association  headquarters on Vauxhall Bridge Road is now pending consent for a new Citizen M hotel of 242 bedrooms. Citizen M has created some very impressive hotels at Tower Hill and particularly Bankside, with open and inclusive common areas at ground floor level. It will be a big plus for the Vauxhall Bridge Road micro-location.

Another surprising new hotel application is at 4/5 Buckingham Gate, currently office space, which would seem a prime residential location overlooking the Palace. Consent is being sought for a 53 Bedroom scheme there. Finally, the former Capita Plc HQ offices at 61/71 Victoria on the corner with Strutton Ground has been granted consent for a new hotel scheme with two new additional floors and a new façade. Strutton Ground itself has been subject to a significant refurbishment with £2m of section 106 monies being spent on the street.

Channel Four’s shock departure from the area will be a loss to Victoria and Westminster but it seems that the famed Foster-designed Channel Four HQ will be retained as a hub for independent film producers and studio space, which is great news.

Derwent London have decided to sell their 60,000 sq. ft block at 10 Greycoat Place. It’s previously been operated as a Regus and will be sold vacant but with potential for either office refurbishment, or comprehensive redevelopment. The restaurant element of the adjacent building – the old Fire Station – is rumoured to be in advanced talks with a Michelin Starred chef to open a new high-end dining and leisure amenity. Close by, Townsend House on Greycoat Place is back into planning for an office scheme with two residential units and retail after being refused for restaurant and residential.

The Coach Station was back in the news again with the rumour that a move to Royal Oak was being considered by TFL. Whilst the regeneration of the coach station area would be a massive boost locally, it seems this very political issue will continue to drag on until a definitive decision is made.

LandSec have launched their MYO flexible office brand to the market at 123 Victoria Street. The space will be fitted out to a tenant’s specification from various impressive palettes but on shorter term leases. Further demand from the seemingly insatiable serviced office sector continues to target the area.

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