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Bishops Court

Henderson Property to develop new mixed use scheme at Spitalfields, London

Henderson Global Investors’ c. £12.3 billion Property Business has secured planning consent to redevelop its asset at Bishops Court, London, on behalf of its c. £600 million Central London Office Fund I.

Henderson Global Investors’ c. £12.3 billion Property Business has secured planning consent to redevelop its asset at Bishops Court, London, on behalf of its c. £600 million Central London Office Fund I.

Bishops Court currently provides 53,555 sq ft of net office and ancillary accommodation over basement, ground and five upper floors. The property was previously let to HSBC Insurance Holdings Ltd on a lease which expired in August 2012.

The consented scheme, located to the edge of the Spitalfields Market site, includes the demolition of the existing building, retaining only the basement external walls, with the construction of a new 77,209 sq ft mixed use scheme incorporating:
Three retail units (basement and ground floors) with a 95 ft retail frontage onto Bishops Square
Grade A office accommodation (first, second, third, fourth and fifth floors) with additional penthouse office accommodation and accessible roof terrace on the sixth floor
Ground floor office reception on Stewart Street

Nick Deacon, fund manager for the Central London Office Fund at Henderson, said: “‘We are delighted to have achieved a planning consent for what will be a very exciting addition to the Spitalfields area. Delivery of the completed scheme will make a valuable contribution to our portfolio, creating a product attractive to both traditional City occupiers and those from the TMT industries, a sector where we have seen a great deal of activity in London recently.

“The scheme has been designed to achieve BREEAM Excellent, a benchmark of growing importance to occupiers and in line with Henderson’s commitment to the delivery of high quality and sustainable office product.”

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