MiddleCap to bring forward the development of Seal House

MiddleCap, has announced that it has signed a deal with The Fishmongers’ Company to bring forward the development of Seal House in the City of London.

MiddleCap and PPF Real Estate are bringing forward Seal House as joint venture partners by coinvesting on a 50/50 basis, with MiddleCap responsible for development management. The new 155-year head lease will enable the development to proceed according to an existing planning consent.

Designed by Eric Parry Architects, the new building provides 141,000 sq ft of office, retail and restaurant space.

Tomáš Jurdák, Partner & Head of Real Estate at MiddleCap, added: “MiddleCap is hugely committed to the London property market, so we are excited that we can now build on the success of our first building, Southworks, and create a pipeline of exemplary offices in London.