Acme Developer•Holborn and Covent Garden•Camden

124 Theobalds Road

Mercury House refurbishment, Holborn.

Refurbishment of Mercury House at 124 Theobalds Road delivering new high-quality office space, a community-facing cafe, an improved service yard and landscaped garden, with employment and skills commitments routed to Camden residents.

About 124 Theobalds Road

The 124 Theobalds Road scheme refurbishes Mercury House to deliver new office space, a community cafe, a landscaped rear garden in place of the existing service yard, and a sensitively extended front facade with new public planting. The scheme is car-free with a basement cycle store, showers, gym and a communal rooftop terrace. Under Camden's s106 framework the project funds local employment, training and procurement commitments alongside affordable housing, highways and travel-plan contributions. This page tracks every commitment so Camden residents see what was promised when planning was granted, and so the council and developer can evidence delivery against each target.

Postcode: WC1X 8RX
Developer: Acme Developer

From the developer

What 124 Theobalds Road owes Camden residents

These obligations were agreed when planning was granted. Each one has a legal status — pending, in progress or delivered. Penalty formulas apply where employment or training targets are missed.

financial contribution· 9

Construction Management Plan fee.

£8,000

pending

Micromobility Improvements Contribution.

£2,500

pending

Construction Management Plan bond.

pending

Pedestrian, Cycling and Environmental Contribution.

£23,920

pending

Electric Vehicle Charging contribution.

£2,500

pending

Council monitoring fees.

£6,864

pending

Construction Management Plan monitoring fees.

£4,194

pending

Travel Plan monitoring fees.

£11,348

pending

Council legal costs.

£16,054

pending

employment skills· 6

Employment Skills and Supply Plan — apprentice and work-placement programme delivered through the construction phase.

pending

Local employment commitment — Camden-first hiring approach throughout the construction phase.

pending

Local Procurement Plan (Schedule 4 — Local Procurement Strategy). Camden-based SME engagement required for trade packages.

pending

Construction Apprentice Support — £1,700 per apprentice.

£1,700

pending

Construction Work Placement Default — £804 per worker shortfall against the placement target.

£804

pending

Construction Apprentice Default — £20,000 per apprentice shortfall against the apprenticeship target.

£20,000

pending

affordable housing· 2

Affordable Housing financial contribution.

£448,500

pending

Affordable Housing in-kind delivery (alongside the cash contribution).

pending

highways s278· 1

Highways contribution.

£30,000

pending

travel plan· 1

Travel Plan (Schedule 5) — sustainable-transport monitoring through occupation.

pending

carbon targets· 2

Energy Efficiency and Renewable Energy Plan.

pending

Sustainability Plan.

pending

other· 3

Delivery and Servicing Management Plan.

pending

Car-Free development restriction — no parking permits for future occupants, supporting Camden's car-free policy.

pending

Construction Management Plan — sets construction-phase controls including HGV routes, noise, dust and working hours.

pending

Source: Section 106 deed / planning consent. Status updated by the council monitoring team.

Gallery

Mercury House proposed building changes — front elevation diagram showing removal of 1990s additions and the new entrance.

Source: 124theobalds.co.uk

Red-line site plan for 124 Theobalds Road, Camden.

Source: 124theobalds.co.uk

Register for opportunities at 124 Theobalds Road

Residents of Camden first in line. Jobs, apprenticeships, placements and training tied to commitments made when this scheme was granted planning.