Developer signs up to overhaul site next to major London rail terminal

Elizabeth House, Waterloo

HB Reavis has acquired Elizabeth House, a site near London鈥檚 South Bank known as One Waterloo, from developers London & Regional and Chelsfield, for an undisclosed sum.

The firm鈥檚 fourth scheme in the capital, Elizabeth House has been earmarked for redevelopment for more than a decade, and David Chipperfield-designed major office plans (pictured) were . It has planning permission for two new buildings and public realm.

The proposed new development comprises a 29-storey building to the north, providing offices and residential units, with a 10-storey building to the south providing office and retail space. The scheme will deliver 945,000ft虏 of development, including 753,000ft虏 of commercial floorspace, 142 homes and public space totalling 192,000ft虏.

Tomas Jurdak, HB Reavis UK鈥檚 chief executive, said: 鈥淲e鈥檙e excited to add Elizabeth House to our portfolio. The development provides a unique opportunity for us to deliver a building that will transform the area.鈥� 

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