Hoi Hup Realty secures go-ahead for High Holborn redevelopment
Singapore-based real estate developer Hoi Hup Realty has already gotten the clearance from the City of London Corporation for ‘High Holborn’, a significant office-led redevelopment project, according to a June 18 release.
The project works on the regeneration of a 1.4-acre island site consisting of three structures at 322 High Holborn, Holborn Gate and 44 Southampton Buildings.
The redevelopment, guided by construction and property consultancy Gleeds, Make Architects, subleasing advisors Savills and planning consultants Newmark, is assumed to provide over 370,000 sq ft of brand-new Grade An office. Developed for modern occupiers, the building is also set to include a new cultural venue, the ‘Holborn Dome’, along with a public pocket park at Southampton Buildings and enhanced ground-floor services and permeability.
“This is specifically the sort of plan we want to see even more of in the Square Mile– best-in-class office space that helps keep London internationally competitive while likewise providing public areas that many people can savor,” adds Tom Sleigh, director of the City of London Planning and Transportation Committee.
This notable undertaking adheres to four years of assembly by Hoi Hup, achieved through a series of strategic procurements that brought collectively about 250,000 sq ft of office.
The scheme will take place at a place 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 potential property development” and will be one of the most significant brand-new office authorizations in the Square Mile.
The revitalised location is going to even include flexible floorplates, health spaces and patios. The property development is targeting BREEAM ‘Outstanding’ and EPC ‘A’ ratings, adhering to the deployment of smart systems and low-carbon products all over the site.
Wong Swee Chun, chairperson of Hoi Hup Real estate, shares: “This breakthrough is the outcome of comprehensive assessment and partnership, and we’re incredibly thankful to the City of London Firm for enabling our maiden plan to take this favorable step forward today.”
