Hoi Hup Realty secures go-ahead for High Holborn redevelopment
Wong Swee Chun, chairman of Hoi Hup Realty, states: “This breakthrough is the outcome of substantial consultation and partnership, and we’re incredibly grateful to the City of London Company for making it possible for our maiden scheme to take this favorable progression today.”
The redevelopment, led by construction and property consultancy Gleeds, Make Architects, renting advisors Savills and planning specialists Newmark, is projected to supply over 370,000 sq ft of new Grade A work space. Developed for modern occupiers, the structure is also set to consist of a new cultural venue, the ‘Holborn Dome’, as well as a public pocket park at Southampton Buildings and enhanced ground-floor services and permeability.
Singapore-based real estate developer Hoi Hup Realty has received the green light from the City of London Firm for ‘High Holborn’, a main office-led redevelopment venture, according to a June 18 release.
This significant undertaking complies with 4 years of setting up by Hoi Hup, attained with a series of calculated procurements that brought collectively about 250,000 sq ft of office space.
“This is precisely the sort of scheme we wish to see more of in the Square Mile– best-in-class workplace that keeps London globally competitive whilst likewise providing public spaces that everyone can appreciate,” adds Tom Sleigh, chairman of the City of London Planning and Transportation Committee.
The revitalised site will also include flexible floorplates, wellness spaces and porches. The property development is targeting BREEAM ‘Outstanding’ and EPC ‘A’ rankings, complying with the release of smart systems and low-carbon components across the site.
The scheme is going to take place at an area adjacent to Chancery Lane below ground stop and will be just within minutes of Farringdon Station and the Elizabeth Line. Hoi Hup claims the scheme is set to be the “western portal for long term development” and will be among the most significant brand-new office authorizations in the Square Mile.
The project focuses on the regrowth of a 1.4-acre island site comprising three buildings at 322 High Holborn, Holborn Gate and 44 Southampton Buildings.
