When completed, the £250 million ($356 million) scheme will total more than 600,000 sf of office accommodation across a 23-acre site. It is currently the largest office development currently underway in Hertfordshire.
The first phase, designed by Fletcher Priest Architects, comprises 100,000 sf of office accommodation in addition to a 40,000 sf health and leisure club including a bar.
Funded by Morley Fund Managers and developed by Stanhope, the first phase is scheduled to be ready for occupation by mid-2002.
The development was granted detailed planning consent in September 2001 and has been underway on site since mid-autumn. Arup Engineers will be working alongside construction managers Mace to deliver the project while the scheme will be marketed by property consultants FPDSavills and Freeth Melhuish.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
