(LONDON) – The London office of Hines, the international real estate firm, announced today the start of construction of 280 High Holborn in Midtown.
The office building is being constructed on the former Chichester House site, which is located opposite MidCity Place on High Holborn, and opens onto Whetstone Park and Lincoln’s Inn Fields to the south.
The project will be funded by Hines’ European Development Fund II.
Designed by GMW, the distinctive eight-story building will contain 67,000 square feet of office space including 3,000 square feet of retail space.
Individual floor plates will range from 7,000-9,400 square feet and are designed to suit a range of occupiers.
The project is targeting a BREEAM Excellent rating for sustainability.
Hines announced that it has signed a construction contract with Mace, and is expecting project completion in the third quarter of 2012.
Jones Lang LaSalle and DTZ have been retained as leasing agents.
Hines UK Project Director Alexander Knapp said, “We are very optimistic about the leasing prospects for 280 High Holborn as we expect it to be completed at a time when Midtown will have very low levels of Class A supply. The site is exceptional – it will provide high-quality office space which links High Holborn to the green spaces of Lincoln’s Inn Fields.”
The new development is Hines’ latest project in London and reinforces the firm’s commitment to quality opportunities in the capital.
It follows One Grafton Street in Mayfair, which was completed in September 2010, and Cannon Place in the city, which will be finished this autumn.
Hines is a fully integrated real estate investment and management firm that has been investing in real estate and providing acquisition, development, financing, property management, leasing and disposition services for over 50 years.With offices in 100 cities in 17 countries, and controlled assets valued at approximately $23 billion, Hines is one of the largest real estate organizations in the world.Visit www.hines.com for more information.