Plans for a newly refurbished, Grade A office building in Richmond have been given the green light, in a move that will bring much-needed high quality office accommodation to South West London.
The building, formerly known as Eton House, was acquired by Barwood Capital’s Barwood Regional Property Growth Fund IV in December 2021 with the aim of repositioning it to prime sustainable office space. Located in the heart of the town, the building will offer around 45,000 sq ft of space following a full back-to-frame refurbishment with an additional floor of accommodation and a roof terrace alongside an extensive, external garden retreat.
The redesign focuses on measures to support employee health and wellbeing, as well as energy efficiency and biodiversity by enhancing greening and planting opportunities in both the public realm and private spaces.
The plans target a BREEAM rating of Excellent plus an EPC rating A. Amenities will include 42 cycle parking spaces, electric vehicle charging points, along with a gym plus changing rooms and showers.
Adam Smith, Asset Management Director at Barwood Capital, said: “Our investment into Richmond comes at a time when employers and staff alike are re-evaluating their expectations of the office environment. Demand for high quality, sustainable and amenity focused space remains resilient. Our approach is to deliver a best-in-class product that will appeal to occupiers as they review their corporate aspirations.”
Charlie Bishop, Director at Moorevale, the development manager for the scheme, added: “As well as the excellent residential provision and good local schools, Richmond benefits from an ever-improving food and beverage scene, plus quick access to London Waterloo via train alongside immediate connectivity to the M4, M3 and beyond.
“With low supply of high quality, sustainable office space in the town we’re expecting strong demand.”
Bray Fox Smith and Savills will act as joint agents on the scheme. Planning consultancy has been provided by Carter Jonas.