Singaporean developer Hoi Hup Realty have submitted a planning application to the City of London for a new best-in-class office development on High Holborn.
The new development occupies a prominent 1.4 acre island site located directly adjacent to Chancery Lane Underground Station and within a five minute walk of Farringdon Station.
Hoi Hup have assembled the site over the last five years, acquiring 322 High Holborn and 44 Southampton Buildings in July 2018, subsequently acquiring Holborn Gate in an off-market transaction in July 2022. The three properties are multi let, comprising approximately 250,000 sq. ft. (NIA).
Hoi Hup, in collaboration with Make Architects, Savills as development advisor and leasing agent, Gleeds as project managers and Gerald Eve as planning consultants, have submitted a planning application proposing the demolition of the existing properties and construction of a landmark office-led development.
The new development will provide about 370,000 sq. ft. (NIA) of best-in-class office workspace with extensive terraces overlooking Central London and new retail offering, providing a vibrant setting and transforming this part of High Holborn. The scheme will replace the existing Grade B accommodation with the new development targeting exceptional ESG credentials, including BREEAM ‘Outstanding’ and EPC ‘A’. The development will offer improved public realm with a new public park at Southampton Buildings. It will also greatly improve ground level activation with the creation of a new street accessed multi-use auditorium and cultural spaces.
Felix Rabeneck, Director of Central London Investment, Savills, says: “This development will reinvigorate this part of High Holborn and set a new standard for office spaces in Central London. It is expected to attract global occupiers looking for a prestigious headquarters while undoubtedly making a valuable contribution to the local area.”
Wong Swee Chun, Chairman of Hoi Hup Realty, adds: “We are very excited to embark on this project, our maiden development in London. We see the potential of this strategic site in Midtown London and believe that our best-in-class landmark development will greatly reinvigorate the community and the neighbourhood.”
