More good news on the
property front this month with the announcement that Abstract
Securities Ltd is proposing to speculatively build 170,000 sq ft of
Grade A offices at 303 St Vincent Street, in the IFSD.
The building - provisionally
known as St Vincent Plaza - will offer a specification rarely seen
outside Central London and will comprise basement, ground and ten
upper floors together with 78 car parking spaces. The development
is likely to be one of the only speculative office schemes of its
size in the UK.
A detailed planning application for this landmark development is
being submitted and subject to approval, construction will commence
in Spring 2012. Completion of the scheme would be in the third
quarter of 2013.
Abstract's Development
Director, Christopher McPherson, said: "St Vincent Plaza has been
designed with an extremely high 'Grade A' specification, including,
flexible, virtually column free floorplates of 17,000 sq ft, a
feature penthouse level with terrace, and some of the best views in
the City. The building is designed to a BREEAM 'Excellent' standard
and an EPC 'B' plus rating. It will provide the most efficient and
environmentally friendly office accommodation in the
city."