REG - Great Portland Ests. - GPE secures planning permission at St Thomas Yard

Great Portland EstatesAnnouncement

15/10/2025 07:00

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RNS Number : 4620D  Great Portland Estates PLC  15 October 2025

15 October 2025

 

GPE secures resolution to grant planning permission at St Thomas Yard, SE1

 

Great Portland Estates plc (GPE) has today announced that Southwark Council
has resolved to grant planning permission for the high-quality redevelopment
of St Thomas Yard, SE1 (previously known as New City Court).

 

The retrofit-first proposals, designed by Orms, are to retain and re-use the
existing 1980s building's primary structure, significantly reducing embodied
carbon and waste, and add five storeys to create a 11 storey office building
with balconies and extensive landscaped roof terraces.  Across the site, the
total net area will increase from approximately 100,000 sq ft to 190,000 sq
ft. The redevelopment will retain the historic frontages to St Thomas Street
and restore the listed Georgian terrace.

 

James Shipton, Senior Development Manager, commented: "We are delighted to
have secured Southwark Council's Planning Committee's resolution to grant
planning permission for this transformative re-use project, which reflects our
confidence in the strength of the London office market and extends GPE's
investment in this prime location, following our successful projects at The
Delft and Woolyard.  Our vision is to create a best-in-class workspace that
not only meets the needs of today's businesses but also sets new standards in
sustainability, design and customer experience."

 

Simon Whittaker, Director at Orms, said: "St Thomas Yard is a significant
project set to revitalise an under-used site across the road from the major
transport hub at London Bridge Station. Our scheme adds to what already exists
on the site, re-using all of the concrete frame of the current building to
deliver high-quality office accommodation, refurbishing a terrace of Georgian
Town Houses to provide affordable workspace, and making significant
improvements to the streetscape and greenery of the local area."

 

The development is expected to commence in summer 2026, completing late 2028.

 

 Great Portland Estates plc                                                      +44            (0)            20             7647           3000
 Toby Courtauld, Chief Executive
 Nick Sanderson, Chief Financial & Operating Officer
 Stephen Burrows, Director of Investor Relations and Joint Director of Finance

 James Shipton, Senior Development Manager

 Yasemin Kiani, Communications Lead

 FGS Global
 James Murgatroyd & Gordon                                                       +44            (0)            20             7251           3801
 Simpson

For further information see www.gpe.co.uk or follow us on X at @GPE_london

LEI Number: 213800JMEDD2Q4N1MC42

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