Addington secures rare dual-use planning for London office building

Asset manager Addington and its US joint venture partner, Strategic Value Partners (SVP), have secured a rare dual-use planning consent from the City of London Corporation.

Senator, London - Addington

The consent is for 2,694 m2 across the two lower levels of Senator, their 14,010 m2 Grade A office building at 85 Queen Victoria Street. It allows the space to be used for either traditional offices or for conference and educational purposes, featuring a new dedicated entrance and reception.

This planning approval initiates Addington's significant 6,410 m2 refurbishment project at Senator, with OD Interiors contracted to deliver an improved workspace focusing on sustainability, well-being, and premium amenities. The refurbishment includes a reconfigured main reception, a renovated communal roof terrace on the seventh level, a new private amenity courtyard garden for the Level 0 occupier, and new facilities with changing rooms and parking for 190 bikes. The building will also gain two new dedicated 13-person lifts in the central atrium and five new lifts in the existing core.

Senator, acquired by the joint venture last year, is a 14,010 m2 Grade A office building. While the lower levels are being transformed, levels 3 to 6, totalling 7,804 m2, remain leased to wealth manager Quilter. The building is located on an island site with a 50-meter frontage on Queen Victoria Street, close to four major transport hubs: Mansion House, Cannon Street, Bank, and Blackfriars.

David Dalrymple, principal at Addington, said: "We acquired Senator with the belief that with refurbishment we would create an outstanding opportunity for flexible, high-value space, and we are delighted the City of London Corporation shares our vision. We believe this flexibility will be a major draw for both educational operators and traditional office tenants."

Addington currently manages over 69,677 m2 of City offices for its partners.