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HB Reavis adds fifth development to London portfolio with acquisition

HB Reavis

 

International workspace provider HB Reavis has acquired 12,800 sq m Crossrail Over-Site Development (OSD) at Farringdon West, located in the heart of Clerkenwell in Central London.

Construction of the seven-storey commercial scheme, which was acquired from Cardinal Lysander and Transport for London, is expected to commence this year and complete in 2020.

The development is immediately adjacent to the newly built Farringdon station as part of the Crossrail project which will operate as the Elizabeth line when it opens through central London. Farringdon station is uniquely positioned as the only station where the Elizabeth line, London Underground and Thameslink meet.

When the Elizabeth line opens in December 2018, it will be one of the busiest stations in the UK dramatically improving journey times across both central London and links to outer London – with three of London’s five airports being just under 50 minutes away.

Designed by award-winning British architecture practice John Robertson Architects, which also worked with HB Reavis on its 33 Central office development in the City, the development comprises approximately 138,000 sq ft of office, retail and amenity space.

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