Clearbell Property Partners III LP (Clearbell), a fund managed by Clearbell Capital LLP, has received planning permission for refurbishment works at Kodak House, 65 Kingsway.
The building was acquired by the fund in May 2019, with the intention of refurbishing the entire site to upgrade the office accommodation. The building, which was Kodak’s original London headquarters, is a freehold grade II listed Art Deco office building on a prominent island site set in the heart of Midtown. The building is comprised of 70,440 sq ft with office accommodation set across seven floors.
The fund has secured permission from Camden Council for its plans for a comprehensive repositioning of the accommodation. Plans include creating a new entrance off Keeley Street and the provision of a roof terrace. Other improvements include the installation of new lifts and more energy efficient lighting, plus changes to ensure the building is fully accessible. Bike storage and showers will also be installed in the basement.
Clearbell says it is committed to commencing work on the site in summer 2020. Nick Berry, Partner at Clearbell Capital said: "Kodak House is well-located for tenants from a variety of sectors who are drawn to the Midtown area, and our planned works will transform this listed building into an attractive, energy efficient and modern space.
We are committed to proceeding with construction at the site, as we hope to see demand pick up when COVID-19 restrictions lift and businesses are able to take longer term decisions.”
Clearbell is working with architect Barr Gazetas, structural engineer Heyne Tillett Steel and M&E engineer Watkins Payne.