HB Reavis have today announced that the company have acquired a site at One Waterloo to provide office, retail and residential space.
The renowned international real estate developer will use their expertise in London – where they are currently constructing on three other sites – to transform Elizabeth House, which is situated on London’s South Bank.
Planning permission has been granted on the 88,000sq m site which, once completed, will consist of two new buildings and a public realm area – all of which are expected to kickstart wider generation of the area.
A 29-storey building will be home to offices and residential space, while the second building will be 10 storeys in height and will comprise of both office and retail space. Altogether, there will be 142 new homes to go alongside the 70,000sq m commercial space and the 18,000sq m of public space.
Tomas Jurdak is CEO of HB Reavis UK. He said: “We are excited to add Elizabeth House to our portfolio.
“The development provides a unique opportunity for us to deliver a building that will transform the area through our considered approach to development and placemaking.”
(image credit: HB Reavis)