HB Reavis has completed its purchase of Elizabeth House, South Bank.
The site at One Waterloo, SE1, has been granted planning consent for a 945,000 sq ft development.
The acquisition of the office-led development on York Road next to Waterloo Station from London & Regional and Chelsfield adds a fourth development to the HB Reavis London portfolio.
Elizabeth House is a 1960s office building that has been earmarked for redevelopment for more than 10 years. It has planning permission for two new buildings, of 29 and 10 storeys comprising 753,000 sq ft of commercial floorspace, 142