The Dublin-based property investor confirmed today it had bought Fortress House, the former English Heritage headquarters at 23 Savile Row in London’s West End.
As tipped by Property Week (news; 10.11.06), D2 paid more than £110m for the site, after a quoting price of £85m.
D2 Private plans to develop a six-storey scheme comprising 90,000 sq ft (8,361 sq m) of offices and 7,000 sq ft (650 sq m) of retail space.
The new building has been designed by architect Eric Parry and will be available for letting in early 2009.
Deirdre Foley, chief executive of D2 Private, said: ‘We are delighted to have acquired Fortress House, one of the landmark buildings in London’s West End. It is a high-quality addition to our close to £1 billion portfolio of iconic London buildings, including Woolgate Exchange, the Marks & Spencer headquarters in Paddington and 12 St James Square.’