Comprehensive office refurbishment
Location: The Bailey, 16 Old Bailey, London, EC4
Investment type: Office refurbishment
Investment partner: Nan Fung Group
The Bailey is located in Mid Town, adjacent to City Thames Link station and a short distance away from St Paul’s and Chancery Lane tube stations.The Bailey occupies a prominent position on the western elevation of Old Bailey directly opposite Old Bailey High Court.
Planning permission for a comprehensive office refurbishment was sought and achieved in September 2018.
The new building will be designed to the exacting standards of a high quality, Central London office building. Comprising circa 115,000 sq ft over ten floors of flexible Grade A office accommodation, the building will provide landscaped terracing on four floors, stunning views towards the Old Bailey High Court and the City of London, an impressive double height reception and a duplex office suite on the top two floors.
The building is formed of two interconnecting elements. The Grade II listed front section was originally constructed in the early 20th Century and then significantly altered internally to form modern office accommodation. The larger western extension, comprising circa 90% of the total NIA, was constructed in 1999 to a modern City office standard. Both elements will be significantly upgraded with a new central lift and stair core, services and WCs. In addition, two new office floors with external terracing will be constructed above that will be served by an interconnecting stairwell and lift.