Bloomsbury Quarter, a project by CCP 5, a fund managed by Tristan Capital Partners, has received resolution to grant from the London Borough of Camden to refurbish and reposition Sicilian Avenue, London’s first historic pedestrianised high street, alongside delivering high-quality, ESG certified office space at Vernon & Sicilian House and 21 Southampton Row.
The first part of the refurbishment works at Sicilian Avenue will focus on the west side, delivering 10,000 sq ft of retail, while 55,000 sq ft of offices is being developed at Vernon & Sicilian House and 21 Southampton Row. Further plans are underway for the remaining space and once complete, Sicilian Avenue will offer 17,000 sq. ft. of prime retail space, extensive amenities, and end of journey facilities. The project is targeting a BREEAM Excellent rating.
Knight Frank Asset Management is working with Tristan Capital Partners to deliver the repositioning and refurbishment of the site.
The first refurbished asset available for lease at Bloomsbury Quarter is 13 Southampton Place (formerly known as Norfolk House). The newly renovated building offers over 11,000 sq. ft. of contemporary office space over four floors, with fully fitted suites also available. A retrofit-first approach has meant no demolition has occurred to deliver prime workspace, providing occupiers with some of London’s most sustainable grade-A workspace.
James Brodie, Managing Director at Tristan Capital Partners said: “This next stage for Sicilian Avenue, Vernon & Sicilian House and 21 Southampton Row marks a significant milestone signifying the importance of Bloomsbury Quarter as a leading mixed-use destination for London. As an up-and-coming part of London, rich with cultural heritage and filled with potential, Bloomsbury presents opportunities for occupiers looking for centrally located, ESG-certified prime workspace and amenity provision.
The area is benefitting from huge improvements across transportation and the public realm and pulling from the area’s history as a cultural and intellectual corner of London, occupiers will also benefit from its proximity to London’s Knowledge Quarter and renowned educational institutions such as University College London, LSE and SOAS.”
Kathryn Cripps, Partner at Knight Frank, added: “We are thrilled to be working alongside Tristan Capital to breathe new life into one of London’s most iconic high streets, as well as delivering best-in-class office space. Bloomsbury has long been recognised as one of London’s most well connected and leading knowledge hubs and the ambition for these high-quality assets speaks to occupiers looking to take advantage of a local market of industry leaders and innovators.”
Alchemy Asset Management is the development manager for Bloomsbury Quarter. Knight Frank and Bluebook are the appointed office agents with P-THREE and CBRE acting as retail agents.