Great Portland Estates secures planning permission from Westminster Council.


Property developer Great Portland Estates has secured planning permission from Westminster Council for its fully managed scheme at Gresse Street, West London.

  • Great Portland Estates
  • 29 September 2025 07:58:57
Great Portland Estates

Source: Sharecast

Great Portland Estates said on Monday that the permission was for the "high-quality refurbishment" of 15 Gresse Street and 12/13 Rathbone Place, W1, as part of its fully managed offering.

Located in the heart of Fitzrovia, less than 200 metres from the Elizabeth line station at Tottenham Court Road, the scheme will provide 43,000 square feet of premium fully managed workspace across five floors.

Designed by dMFK Architects, proposals include the retention and refurbishment of the existing buildings, together with small extensions to the rear upper floors to create practical, "user-friendly floorplates" and a larger communal terrace for office customers.

Works were due to start early 2026, with completion targeted for early 2027.

GPE's Trevor Phyo said: "We are thrilled to have secured Westminster Council's resolution to grant planning permission for this project, enabling us to bring new life to this building, enhancing and elevating it for a new chapter in its history. We are excited to be delivering a best-in-class office in this prime location, and further our strengthening fully managed portfolio."

Reporting by Iain Gilbert at Sharecast.com


Exchange: London Stock Exchange
Sell:
0.00
Buy:
0.00
Change: -2.40 ( -0.01 %)
Date:
Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.