In November 2015, asset manager BlackRock (BR) appointed AG as development manager to explore a value add opportunity for its property, 5 Strand, after following AG’s success in redeveloping 55VS (BR sold the building to AG in 2012).
The current, inefficient 1980’s office building comprises 75,000ft2 and is currently the headquarters of Land Securities PLC currently sublet to Westminster City Council.
On appointment, AG held an architectural competition based on a comprehensive brief created by Studio L, to seek the best development option for the site considering its important position in the Trafalgar Square Conservation Area.
Award winning architectural and design firm Adjaye Associates delivered the winning entry. Resolution to grant planning consent for a stunning mixed use development was green lighted in July 2017. The project team will be working on this exciting opportunity throughout 2017.