18.01.17

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Plans unveiled for Hudson House site, York redevelopment

Plans have been unveiled for the prospective redevelopment of Hudson House on Toft Green that will see the site transformed into a high quality mixed-use development that will also include a landscaped route through from the Railway Station to Toft Green and Micklegate.

Owners of the building, Palace Capital plc, want to develop the site from the current 1960’s brutalist property into four new modern buildings including apartments, Grade-A office accommodation and other commercial space.

The offices would be the first significant speculative Grade-A office development in the City Centre for many years.

Hudson House currently has just over 100,000 sq ft of offices but is now only circa 30 per cent occupied as tenants vacate the building as reasonable term leases cannot now be offered pending the outcome of a future planning application and the fact that the building is not up to modern standards.

Neil Sinclair Chief Executive of Palace Capital plc, commented: “These proposals represent a major investment into York and the plans are a vote of confidence for the City. There is a distinct lack of top quality office space in the city centre, and we understand that there is an underlying demand from companies wishing to relocate to York but can’t find suitable office space.

“These plans will include a landscaped route through that will link the station to Toft Green and Micklegate and will open up this part of the City, adding to the renaissance of the area in recent years. Our plans marry high quality design with a sympathetic approach to its historic surroundings and local environment. We also see this development as acting as a potential catalyst for the York Central scheme, by enhancing the links with the city centre.”

“We are currently in discussions with the Council and local groups about the plans and the feedback that we have received to date has been very encouraging. We therefore hope to submit a formal planning application in the latter part of next month.”

Leading Leeds based architects Fuse Studios are designing the scheme that will include 130 apartments for which strong demand is expected being so close to the Station, 35,000 sq ft net of offices and a potential café.

Hudson House currently has planning permission to convert the building into apartments but redevelopment is the preferred option for Palace Capital plc

A consultation event will be held for neighbours to the buildings and other interested parties on the 25th January 2017 at Hudson House between 3pm and 7pm. This will be an opportunity to find out more about the plans and ask questions to the development team.

Palace Capital plc

Press Release  20th January 2017

ENDS

For more information please contact Ben Pilgrim at PilgrimPR on 0778 995 1781

Notes to Editors

AIM-listed Palace Capital plc is a specialist in regional property investment and currently owns £185m of property of which £50m worth is in Yorkshire which, besides Hudson House, includes Broad Street Plaza in Halifax, Bank House and Warwick House in Leeds and Meadowcourt in Sheffield.