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Planning Approval Secured for a 126,000 SQ FT Carbon Neutral London Office

Commercial People has learned that property developer Old Park Lane Management Limited (OPLM) has secured planning consent from Westminster City Council to deliver a 126,000-sq-ft office development in London.

Developed on behalf of Baola Properties Limited, 7 Millbank, will be OPLM’s first carbon neutral-in use development in the capital.

The development will replace an existing building currently occupied by the Parliamentary Estate. As part of the development process, OPLM will dismantle the existing building’s period façade, so it can be restored and rebuilt, with new development behind it.

Commenting on the development, Tim Sketchley, Chief Executive at Old Park Lane Management Limited, said: “We welcome this positive planning decision, which allows us to create an environmentally sustainable building with modern, adaptable workspace and amenity, for generations to come. As our first carbon neutral-in-use development, it sets a standard for the future, which we know is important to contemporary occupiers.”

The developer aims to provide a high-quality, sustainable workspace, with an enlarged reception and terraces on the 6th, 7th and 8th floors to provide amenity and enhance urban greening.

The demolition is due to commence in autumn 2022, while completion is scheduled for late 2025.

OPLM is a London-based private investment company formed in 1995. The firm currently have a £1 billion portfolio with more than 1.5 million sq ft of assets in the Central London market.

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