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Beltane Asset Management has been given the green light to go ahead with its development scheme for St Paul’s House, at 10 Warwick Lane EC4 in London. The investment and asset management company has received planning permission to progress with the scheme, which has been designed by Ben Adams Architects and will result in the creation of 40,000 square feet of new Grade A office space within the city. The planning permission received includes permission for massive improvements to the building as a whole, which is situated immediately next to The Old Bailey and Paternoster Square, including the conversion of current ground floor car park into more office space. Beltane Asset Management, which is run by Duncan Roe and Jonathan Chenery, bought St. Paul’s House in August 2010.
“We will shortly be appointing a contractor and are pleased to announce that we will begin work on this exciting new scheme at the end of the summer,” says Beltane Asset Management partner Duncan Roe. “We are also currently running our slide rule over a number of other potential opportunities both in the City and
the West End.”
Jones Lang Le Salle and Gerald Eve acted as the letting agents on the commercial property. Just two months ago, back in June, Beltane Asset Management purchased two further buildings in the City from ING, 20 St. Mary at Hill and 12/14 Mason’s Avenue, which are comprised of 38,560 and 9000 square feet of office space respectively.
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