Planning permission has been granted for a health and wellbeing development in Cavendish Square in London.
Westminster City Council has approved developer Reef Group’s plans, which will see it invest over £150m in the subterranean development, which will link Harley Street, Oxford Street and Regent Street.
Reef Group was in advanced discussions with several tenants to occupy the space. Construction was expected to start next year with completion in 2023.
The development will total 280,000 sq ft across four storeys below ground level.
Stewart Deering, joint CEO, Reef Group, said: “Reef Group has worked closely with Westminster City Council to design an iconic destination for London and we are delighted to have secured planning consent for the scheme. We will invest more than £150m in developing a vibrant, sustainable and sensitively designed place with a core focus on health and wellbeing.
“The scheme is designed with flexibility in mind and we’re talking to occupiers from a variety of sectors. The health and wellbeing industry is predicted to grow substantially and Cavendish Square London is well placed to respond to this trend.”