Tuesday, 14 October 2008

Will Philip Green make Noho Square the centre of his empire?

According to a recent report in the Estates Gazette Philip Green is in talks with the Candy Brothers to do a pre-let deal on the office space at their forthcoming development at Noho Square, formerly the Middlesex Hospital, Fitzrovia.
With 260,000 sq ft of office space available for rent there would be enough room to house both BHS and the Arcadia Group. LDG are local estate agents who have their offices on the corner of the 3 acre site. Partner, Ben Everest, is excited by the proposal and see’s that landing a such a major pre-let as being a pivotal point in the history of the site, hopefully heralding the start of construction. Noho Square is going to be a major new development for Fitzrovia, an area which despite the economic downturn is still appealing to professional and creative’s alike. Whilst the number of properties that LDG has sold is levelling off the demand for rental property just north of Oxford Street is growing every month. The Noho Square scheme also includes 273 flats, for which LDG are s anticipating strong demand.

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