One Waterloo Development Given Official Green Light

16 April 2021 | General

The One Waterloo development, currently known as Elizabeth House, has been officially granted planning consent, according to HB Reavis.

Since gaining resolution to grant planning permission in October 2019, HB Reavis has now finalised plans with Lambeth Council, with a commitment to provide a £100m package of public benefits, signalling the next phase for one of central London’s largest and most significant commercial developments.

One Waterloo will be built next to Waterloo Station in the heart of the South Bank. HB Reavis will create three acres of outdoor space within One Waterloo to support the office workers and the wider community. A publicly accessible 200m long garden promenade, elevated two floors above street level, will create a scenic journey from the concourse level at Waterloo Station directly into One Waterloo. HB Reavis will also provide a package of improvements for Network Rail, landscaping and accessibility improvements for Waterloo London (the former Waterloo International Terminal), and contribute towards step-free access to the London Underground station at Waterloo, providing improved accessible routes to the Underground network.

New public spaces, including Victory Arch Square and the unique covered Waterloo Square (c.9,000 sq ft), as well as ‘The Curve’, a major new pedestrianised retail street lined with shops and cafés, will transform the public realm. The cascading terraces and gardens for office occupiers will offer a choice of outdoor spaces to find the right place to relax and rest. Additionally, an urban sky farm on the 16th floor terrace will offer ultra-fresh produce for the scheme’s occupiers.

With aspirations to be one of London’s most sustainable developments, One Waterloo’s office space will be fossil-fuel free, implementing low carbon solutions in all project stages. This is being made possible through HB Reavis’ integrated developer-construction model, which will see the building target net zero carbon in operation. There will be greater than a 35% reduction in energy consumption through a “lean, clean and green” innovative building design using specialist Swedish designers. This will maximise efficiency through an all-electric solution combining integrated heat pumps and heat recovery, and 98.8% of demolition waste diverted from landfill. These initiatives, among others, will support the building to achieve BREEAM Outstanding.

HB Reavis has committed to providing a bespoke affordable workspace scheme. Opportunities will be created for local Lambeth residents and businesses, social enterprises, disadvantaged groups, and those in the creative sector to benefit from over £33m in membership discounts provided over 15 years. In addition, there will be a tailored employment and skills strategy, that focuses on engagement with local schools and colleges, and improving opportunities for local unemployed and younger residents with few or no qualifications.

This post has originally been featured in Property Wire.