Contracts for the sale of the Leicester Square site in London have been exchanged between Ireland's National Asset Management Agency and the Edwardian Group, which said that it will reveal its plans for the 0.47 acre site in the coming weeks.
Planning permission has already been secured for the site, which includes the demolition of existing buildings and the redevelopment of the site to provide a two screen cinema, a 245 bedroom hotel, 33 new homes and four new restaurants.
“Edwardian is delighted to have the opportunity to be involved in the further development of this landmark square in London," said Paul Mansi, chief operating officer of Edwardian Group.
"The acquisition, and our ambitious plans, will both create jobs in the area and put the spotlight firmly back on the re-vitalised Leicester Square," said Mansi.
