Plans for a new mixed-use development in Hanover Square, central London have been submitted to Westminster City Council for Japanese property firm Mitsui Fudosan Co.
The proposals submitted by Mitsui's UK arm include 15,000 sq ft of luxury homes, 65,000 sq ft of commercial space and 10,000 sq ft of ground shops.
The project, the first to be carried out jointly with Stanhope since Mitsui acquired a 15 per cent stake in the company, is scheduled for completion in 2010 and work on site is due to commence later this year.
Stanhope is the development manager for the project and Squire and Partners are the scheme’s architects.
Stanhope chief executive David Camp said: “This prominent mixed-use scheme provides us with an excellent opportunity not only to set the benchmark for our working partnership with Mitsui Fudosan, but also to showcase again our industry-leading skills and innovation in sustainable development.”