Ashby unlocks £100m scheme

AshbyCapital has concluded the acquisition of One Bedford Avenue, WC1, which will now see a £100m redevelopment in partnership with Exemplar Properties.

The Bennetts Associates-designed 115,000 sq ft mixed-use scheme comprising shops and offices over basement, ground and seven upper floors was consented by Camden council at the end of 2013.

Work is due to start on the site close to Tottenham Court Road station in the third quarter of this year, with completion due in early 2017.

Clive Bush, co-founding partner of Exemplar, said: “This building will be one of the finest on Tottenham Court Road which