The real estate developer is planning to build a new 88,000 sq m scheme at the site on London’s South Bank known as One Waterloo.
Features include a 29-storey building providing offices and residential units, along with a 10-storey building to the south providing office and retail space.
Overall, the scheme will deliver 70 000 sq m of commercial floorspace, 142 homes and public space totalling 18,000 sq m.
Elsewhere, the company has three London schemes under construction;
• 33 Central – a 21,000 sq m new build office on King William Street in the City.
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• Cooper & Southwark – a 7000 sq m office building at 61 Southwark Street due to complete later in 2017.
• 20 Farringdon Street – a 7500 sq m office building due to complete in 2018.
Tomas Jurdak, Chief Executive Officer (CEO) at HB Reavis UK, said: "We’re excited to add Elizabeth House to our portfolio. The development provides a unique opportunity for us to deliver a building that will transform the area through our considered approach to development and placemaking.
"The deal aligns with our strategy of acquiring well-located sites in London with significant potential to deliver innovative, contemporary office schemes that employ the latest technology, are heavily focused on the needs of their occupiers and improve life for those who use our buildings as well as the surrounding community."
Pavel Trenka, CEO, HB Reavis Group, added: "This deal – our largest yet in the UK – affirms our long-term commitment and aligns with our plan to position one third of our business operations in London by 2019."
(LM)
