Two Cathedral Square

Project Overview

Led the acquisition of over 106,000 sq ft mixed used property, when acquired with 1 Cathedral Square, in June 2021 with the support of a private equity investor and a local consortium. 

Project Detail

The business plan involved the development of upper floor offices into alternative use, leasing vacant commercial units on the ground floor and the re-negotiation of the lease on 1 Cathedral Square.

Permitted development rights were obtained in April 2022 for 35 residential units in the existing vacant offices.  A pre-application process was then undertaken with the local council and stakeholders for larger development, comprising additional floors and further residential units.  Finally, a planning submission was submitted in December 2023 for 139 serviced apartments; discussions are ongoing with the local stakeholders.