Stockley Park Consortium Ltd (SPCL), comprising leading investor and developer Kajima, PRUPIM and Aldersgate, today announced it has submitted an outline planning application for the final phase of development at Stockley Park.

The plans for Stockley Park Phase 3 represent a shift away from pure offices with the incorporation of a 450 bed hotel as well as local amenities and community space. Phase 3 will however continue the Stockley tradition of building innovation and excellent landscaping. The proposals enhance accessibility to the public transport network, including Crossrail,and enhanced pedestrian and cycle routes, which will cement Stockley's position as London's most accessible business park.

With a total floor area of around 750,000 sq ft, construction is due to commence in 2011. The scheme, when completed, should create a further 2,500 jobs at the park and will be worth over £200 million.

The master plan has been drawn up by Arup and JAC Architects Ltd with advice from Jones Lang LaSalle. The planning consultant is Turley Associates. It is hoped that planning consent will be granted in early 2010.

Julian Rudd-Jones, Executive Director of SPCL and Managing Director of Kajima Properties, said: "Stockley Park was Greater London's first, and remains its largest and best known business park. Offering high quality buildings in a parkland setting, it is home to many leading companies, providing jobs for over 7,500 people. In preparing plans for the third and final phase we have sought to complete and complement what was so successfully started 25 years ago."