The St Bride Street building is vacant, and has planning consent for a new development including 53,000-sf of office space and 2,900-sf of restaurant space.
Julian Barwick, Joint Managing Director, Development Securities commented: 'In time, we expect to build a high quality development on this site. This deal extends the potential for our medium term development programme in London, which also includes the Royal Docks and PaddingtonCentral.'
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