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Comparison of Key Figuresclose
 
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2008

10 Eastbourne Terrace,
W2

Comprehensive refurbishment, including external envelope of the building. In Paddington.

2008

New Street Square,
EC4

Innovative offices around a public square, with retail and restaurants. In the Mid-town district.

2008

Dashwood House,
EC2

Comprehensive office redevelopment in the City, with small retail component. Completed.

2010

One New Change,
EC4

Landmark mixed-use development in an extraordinary location adjacent to St Paul’s.

2013

Park House,
W1

Redevelopment to create a major mixed-use scheme. Planning consent now granted.

2013

Selborne House,
SW1

Planning consent granted for this cutting edge, high quality mixed-use development in Victoria.

London development pipeline at 31 March 2009

Property Description
of use
Ownership
Interest %
Size
m2
Planning
status
Letting
status
Net income/
ERV
£m
Estimated/
actual
completion
date
Total
develop-
ment
cost to date
£m
Forecast total
develop-
ment
cost
£m
Developments, let and
transferred or sold
10 Eastbourne Terrace, W2 Office 100 6,150 100 3 July 2008 41 41
50 Queen Anne’s Gate, SW1 Office 100 30,140 100 14 May 2008 143 143
Developments completed
New Street Square, EC4 Office 100 62,340 93 33 May 2008 379 379

Retail
2,980
82
Dashwood House, EC2 Office 100 14,110 6 7 Oct 2008 113 113

Retail
710
100
Developments approved
and in progress
30 Eastbourne Terrace, W2 Office 100 4,470 2 May 2009 29 35
One New Change, EC4 Office 100 30,840 38 31 Sept 2010 291 543

Retail
19,900
17
Park House, W1 Office 100 15,430 22 July 2013 247 387

Retail
8,140

Residential
5,380
Proposed developments
Selborne House, SW1 Office 100 23,450 PR n/a n/a 2013 n/a n/a
Retail 1,540
Arundel Great Court and Office 100 36,750 PA n/a n/a 2014 n/a n/a
Howard Hotel, WC2 Retail 2,470
Residential 22,670
20 Fenchurch Street, EC3 Office 100 61,660 PR n/a n/a 2014 n/a n/a
Retail 2,130
Wellington House, SW1 Retail 100 250 PR n/a n/a 2014 n/a n/a
Residential 5,650
  • Floor areas shown above represent the full scheme whereas the cost represents our share of costs. Letting % is measured by ERV and shows letting status at 31 March 2009. Trading property development schemes are excluded from the development pipeline. Cost figures for proposed schemes are not given as these could still be subject to material change prior to final approval.
  • Planning status for proposed developments
    PR – Planning Received PA – Planning Appeal
  • Total development cost (£m)
    Total development cost refers to the book value of the land at the commencement of the project, the estimated capital expenditure required to develop the scheme from the start of the financial year in which the property is added to our development programme, together with finance charges less residential costs (totalling £109m across all categories of development).
  • Net income/ERV
    Net income/ERV represents headline annual rent payable on let units plus ERV at 31 March 2009 on unlet units.