Astrea secures planning consent for 120,000 sq. ft. office and retail development.

Astrea has secured planning consent to redevelop 206 Marylebone Road, London. The former headquarters of National Cash Register (NCR) which was constructed in the 1930’s will be comprehensively redeveloped with the addition of a new top floor to create an impressive 120,000 sq. ft. contemporary headquarters building. 

The Buckley Gray Yeoman (BGY) designed scheme will be known as the Patterson Building in homage to the founder of NCR.  The building benefits from 20,000 sq. ft. floor plates, a reception totalling over 4,500 sq ft, fronting onto Marylebone Road and over 10,000 sq. ft. of external terraces including a spectacular 2,000 sq ft communal top floor terrace.

Tim Weston, Asset Management Director at Astrea comments: ‘Having secured planning permission, the delivery of the scheme is now set for mid-2023. Bringing this remarkable building back to life as a first class modern HQ whilst accentuating its original architectural features has been delivered expertly by BGY. The combination of future-proofing, scale, architecture and location create a highly compelling proposition for an occupier looking to secure a head office fit for the 2020s and beyond.’

Craig Norton of Edward Charles comments: ‘BGY have remastered the Patterson Building, creating a new landmark office in the heart of Marylebone just a stone’s throw from Marylebone station. Its 1930’s heritage provides a great platform for its transformation. With office occupier needs at the forefront of the design, great emphasis has been placed on creating a spectacular reception and an inspiring workspace, with highly efficient floor plates designed to a true 1:8 density and an abundance of private and communal terraces with amazing views across London.  The space has been designed to attract single floor occupiers or provide a new statement HQ’.

Giles Easter, Chief Executive of Astrea comments: “Securing planning permission for the Patterson Building represents another important milestone, as we continue to implement our strategy to transform and re-position the portfolio.”

Ed Betts of Savills and Craig Norton of Edward Charles are jointly appointed as letting agents.  

Astrea is the incumbent asset manager of a significant portfolio of UK real estate assets which includes the Berkeley Square Estate.