KPE has acquired 1 St John’s Square, a prime office redevelopment opportunity located five minutes from Farringdon Station.
The asset is currently multi-let and offers over 27,000 sq ft of office space. Subject to planning approval, KPE intends to undertake a comprehensive refurbishment and expand the building’s footprint to deliver modern, sustainable and best-in-class workspace.
The proposed scheme will draw on KPE’s in-house development capability and its track record in delivering high-quality workspace through thoughtful design, high ESG standards and a focus on tenant experience. The project aligns with KPE’s strategy of targeting locations where constrained Grade A supply and limited new development are expected to support rental growth over the medium term.
The acquisition adds to KPE’s expanding central London workspace portfolio, which includes 77 Coleman Street, winner of the Best City of London Refurbishment award in 2022. At 16 Berners Street in Fitzrovia, demolition works are complete and repurposed steel from the oil and gas industry is being prepared for installation. Redevelopment of 27 Soho Square in the West End is scheduled to begin in 2026.
John Harcourt, Managing Director, KPE, said: “St John’s Square is a compelling addition to KPE’s London portfolio and reflects our focus on well-connected, resilient submarkets. Our intention is to deliver another high-quality refurbishment that significantly improves the building’s sustainability, efficiency and occupier experience, positioning it to capture long-term demand.”
