It was latterly occupied by Abbey National and became part of Santander’s portfolio when they acquired the company. The building is now very dated and in need of major refurbishment and The Bank only occupies 40% of the building.
Osborne+Co were appointed by Santander in 2019 following a selective process to procure a development partner for the building. The Bank wish to maximise their returns by securing a pre-let and undertaking the refurbishment in conjunction with us which will require a full replacement of the envelope and all mechanical and electrical systems.
This will allow the creation of a building which will be net zero carbon in occupation and will have the added advantage over new build competitors of boasting a substantial amount of embodied carbon equivalent to 60 years of the level of current carbon emissions from the building.