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Derwent London has obtained resolution to grant planning consent from Westminster City Council for a residential development on the site of its existing 42,300 sq ft headquarters building at 25 Savile Row W1. The proposed new 58,000 sq ft building, designed by Stirling Prize winners Stanton Williams Architects, comprises 29 apartments and 5,600 sq ft of retail / gallery space on the ground floor. There are six upper floors of residential together with car parking and ancillary facilities.

In addition to the Group’s headquarters, the lower floors of the existing building are currently let to a number of tenants.

John Burns, Chief Executive Officer, Derwent London, commented:
"Following the resolution to grant planning consent to redevelop 25 Savile Row as high grade residential apartments, we are finalising our plans which include obtaining vacant possession and relocating our own offices”.