24.03.17

Plans submitted to transform Hudson House site

Plans submitted to transform Hudson House site

A planning application has been submitted to City of York Council for the redevelopment of the Hudson House site on Toft Green.

This follows extensive consultation about the plans that will see the 1960’s brutalist building knocked down and transformed into four new buildings and a landscaped route through that will connect the railway station to Toft Green and Micklegate.

Included in the proposals is Grade-A new office space totalling 35,000 sq ft net that will be built speculatively and is expected to attract new occupiers and investment into York. It will be first office space of its kind for many years.

Also included are 130 apartments, commercial space and the new route through the site.

Neil Sinclair, Chief Executive of Palace Capital plc, owners of the site commented: “We have been very encouraged with the feedback we have had during the pre-application consultation process. The overwhelming view of local residents and businesses around the site is that they would like to see this area transformed and improved.”

“This is a major investment into York and we are very excited about delivering much needed new office space in the heart of the city.”

Leading Leeds-based architects Fuse Studios has designed the buildings.

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 the planning application and the fact that the building is not up to modern standards.

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

Palace Capital plc

Press release

ENDS
For more information please contact Ben Pilgrim 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.