M&G Real Estate appoints development manager for Tottenham Court Road scheme

M&G Real Estate has appointed CO–RE to oversee the comprehensive 80,000 sq ft development planned for 247 Tottenham Court Road.

The developer specialises in delivering large-scale complex projects in Central London, and has been instructed to progress plans for the project to create an office-led, mixed-used scheme at the prestigious site.

According to director of development and construction at M&G Real Estate, Philip Vaughan: “Now is the right time to progress plans for this site to respond to the changing market and a shifting occupier profile in this part of London. With CO—RE now on board, we look forward to progressing our plans.”

Meanwhile, David Ainsworth, chief executive of CO—RE, said: “247 Tottenham Court Road’s exceptional location and strong potential for providing a mix of high-end uses makes it the perfect site for redevelopment. We’re very excited to be working with M&G Real Estate in bringing to the scheme our collaborative approach that champions great design and delivers long term value.”

This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.