Property group British Land has exchanged agreements with The Kennel Club confirming terms to relocate and develop a new headquarters for the Club in Clarges Street, facilitating the company's plans to redevelop the entire site to create a landmark mixed use scheme.
Since British Land's purchase of the Clarges Estate in November last year it has worked to relocate the proposed new club and amend and improve the original scheme.
A revised planning application for the improved scheme is being submitted shortly with consent expected later this year.
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Tim Roberts, Head of Offices at British Land, said: "We're excited by the opportunity to redevelop the Clarges Estate and our agreement with The Kennel Club is an important step in realising our ambitions for this landmark site in Mayfair.
"The acquisition of Clarges demonstrates British Land's ability to identify opportunities, deliver solutions and create value. We have agreed terms with The Kennel Club, as anticipated at the time of purchase, which enable us to redesign the scheme while also providing new modern premises for the club.
"This will enhance our central London development programme and strengthen further our presence in the West End."
NR
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