PLANS for one of the largest ever regeneration projects on the former St Bartholomew’s Hospital site in the City have been approved.
Helical Bar, the property developer run by industry veteran Mike Slade, yesterday said the City planning committee has given the go-ahead to build 215 flats, 230,00 square feet of offices and 27,000 square feet of shops on the 2.3 acre-site, renamed Barts Square.
The buildings on the site are currently let to the NHS but will become vacant over the course of the next two to four years, with work due to start in 2014, it said.
The group bought the Barts site last year for £55m with US money manager Baupost from the Barts and the London Charity.
Gerald Kaye, Helical development director, said: “We are very excited to have received the resolution to grant and believe the outcome of the committee’s decision reinforces the clear need and support for redevelopment in this area.”