BNP Paribas Real Estate, one of the two biggest commercial developers in France, has submitted an application to Camden Borough Council for reserved matters approval of an office development at Plot B1, to be known as One Pancras Square. The proposals have been submitted in conjunction with the joint owners of the 67-acre site Argent, Hermes, London & Continental Railways and Exel, who together form the King’s Cross Central Limited Partnership (KCCLP).
The new office development will comprise 360,000 sq ft of office space to let in WC1, in addition to retail and other use, bringing the gross floor area of the giant building to half a million sq ft. BNP Paribas Real Estate Property Development is planning the development as a platform for expanding its successful European development business into the UK. The multi-let office scheme is being developed by BNP PRE for an unnamed investor who will hold the building as long term investment asset.
Once completed, BNP Paribas Real Estate intends moving into the King’s Cross office rental building along with companies associated with the French banking group. BNP Paribas Real Estate’s project has been developed as part of the masterplan created by Argent for the 8m sq ft King’s Cross Central scheme.
In what is soon to become a prime office location, the Grade A building will be 11 storeys tall and include 2 large roof terraces that will overlook Central London. Jean-Michel Wilmotte (Wilmotte & Associates) has been appointed lead architect, working in association with Adamson Associates as executive architect for the scheme. The planning advice is being provided by Gerald Eve.
Subject to planning approval, work is due to start next year BNP Paribas Real Estate’s development at One Pancras Square and is due for completion by end of 2014. By this build schedule, BNP could soon occupying the offices adjacent to Camden Councils new eco head office, which will be called No.3 Pancras Square.