Riverside Capital has achieved planning consent to improve and extend Sherborne House, 119-121 Cannon Street.
This permission will allow us to gain an additional 4,167 sq. ft. of lettable floor area at 5th and 6th levels as well as new roof terraces to each of these floors.
In addition, the planning consent will enable us to improve the reception area, and provide communal cycle storage and shower facilities to the building.
Combined with the existing works which are currently taking place to the lifts in the building, this permission will assist us in re-positioning the property as a prime asset in a prime central London location.
Sherborne House was acquired by Riverside Capital investors in May 2018 for a total of £47,150,000. The building sits in the heart of the City of London, which – led by the likes of the Bloomberg development – has undergone a significant transformation in recent years, with Cannon Street itself now a burgeoning micro-location.
If you would like to know more about this, or current investment opportunities, please contact a member of the team.