Last month, Search Office Space reported that the Iconic skyscraper, Centre Point in London’s West End, was set to be turned into a mixed-use development centre with multi-million pound residential apartments. Today, Search Office Space can reveal that the redevelopment plans have now been approved and the sixties skyscraper is set to be given a new lease of life.
Centre Point was purchased by property investment company, Almacantar last year for £120m after the building went into administration. Later today, Almacantar will unveil designs for 82 luxury flats set to be housed at the top of the skyscraper, along with a comprehensive redevelopment of the ground floor which intends to create an open air piazza and courtyard to rival nearby Covent Garden.
Almacantar’s Development Director, Kathrin Hersel told press, “Centre Point is a flawed icon, as it has been vacant for many years and even now it is not fully let. We wanted to find a solution that will preserve it for the long term and we saw a large opportunity to create a real gateway entrance to Oxford Street.”
It’s not just Centre Point that looks set for redevelopment in the West End, as reports suggest that the former Astoria music venue at Number 1 Oxford Street, W1, will undergo a redevelopment scheme by Derwent London.
The Astoria project intends to develop the 275,000sqft space into a mixed-use scheme, built above the Tottenham Court Road Crossrail Station. The design is thought to include two striking buildings which overlook an garden square, thus linking Charing Cross Road and Soho Square.
Search Office Space will keep you up to date on all these stories as soon as they develop. For more information on serviced office space in London’s West End, talk to one of our consultants today on 0800 524 4649 to discuss your requirements.