Westminster City Council has given Reef Group the go-ahead for plans to construct a £150 million mixed-use scheme underneath London’s Cavendish Square.
The planned scheme will comprise 280,000 sq ft of space across four floors, with ceiling heights of up to eight metres, intended for a combination of specialist private healthcare facilities as well as retail and leisure space.
Construction is scheduled to begin next year with completion expected in 2023, and Reef Group has confirmed that it is already in conversation with several prospective tenants.
Stewart Deering, joint chief executive of Reef Group, said: “Reef Group has worked closely with Westminster City Council to design an iconic destination for London and we are delighted to have secured planning consent for the scheme. We will invest more than £150 million in developing a vibrant, sustainable and sensitively designed place with a core focus on health and wellbeing… The scheme is designed with flexibility in mind and we’re talking to occupiers from a variety of sectors. The health and wellbeing industry is predicted to grow substantially and Cavendish Square London is well placed to respond to this trend.”
Westminster Council approved the plans via a virtual planning committee.
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