Reef Group has won the go-ahead for its £150m subterranean plans to transform Cavendish Square into a health and wellbeing destination that links Harley Street to Oxford Street and Regent Street.

The scheme, which Westminster City Council passed via a virtual planning committee, regenerates the 1960s car park structure below the Georgian square and will total some 280,000 sqft across four storeys below ground. 

Reef Group joint chief executive Stewart Deering said that Reef had worked closely with the council to design an ‘iconic destination for London’. ‘We will invest more than £150m in developing a vibrant, sustainable and sensitively designed place with a core focus on health and wellbeing’, he said. ‘The scheme is designed with flexibility in mind and we’re talking to occupiers from a variety of sectors. The health and wellbeing industry is predicted to grow substantially and Cavendish Square London is well placed to respond to this trend’.