W Real Estate has secured a resolution to grant planning permission for a mixed-use scheme at St Pancras Commercial Centre at Pratt Street in Camden Town.
The scheme will include the re-provision of the existing light industrial space, alongside 175,451 sq ft of new office and retail space and 33 residential units.
The current premises will be demolished to make way for the new development, which will be split across three buildings of between five and seven stories.
London-based developer and asset manager, W Real Estate, was advised by Gerald Eve.
“This is a highly ambitious scheme that balances the re-provision of light industrial space with the delivery of best-in-class office space, high quality mixed-tenure housing and associated retail space at ground level for all to enjoy,” said Sascha Lewin, managing director of W Real Estate.
Alex Neal, senior associate at Gerald Eve, added: “To secure planning permission for St Pancras Campus is a great result, one that will not only create a new quarter in Camden, but also points the way towards the future of city centre development.”