Planning consent for the building of One Waterloo in London has been granted.
Initially, HB Reavis was granted planning permission for what is presently known as Elizabeth House in October 2019. After working out agreements with Lambeth Council, the scheme is now to be known as One Waterloo and is planned to become an approx. 123,000m2 multi-purpose destination.
Located next Waterloo Station, the development has a primary focus on health and wellbeing with an aim of adding value to the local area by creating affordable workspaces.
With three acres of outdoor space, the site will include a revitalised Victory Arch Square, Waterloo Square, and ‘The Curve’ – a pedestrian street lined with shops and cafes.
HB Reavis are contributing 5.2 million EUR towards step-free access to the Underground at Waterloo Station. A 200m public garden promenade, two floors above street level, creates a scenic path from the main station into One Waterloo. Terraces and gardens will give people opportunities to work, meet and relax.
The design of One Waterloo places the site among London’s most sustainable developments. The project aims to target net zero emissions by adopting a strategy that incudes a 35% reduction in energy consumption thanks to a Swedish, all-electric solution of integrated heat pumps and heat recovery. It will be fossil-fuel free and will use low carbon solutions through every project stage. There is also a plan to redirect 98.8% of demolition waste form landfill.
One Waterloo will be an innovative destination, providing an outstanding user and visitor experience. The multi-purpose venue will be driven by strategic connections – of neighbourhood, nature and health, sustainability, and the future workspace.