10 Eastbourne Terrace,
Comprehensive refurbishment, including external envelope of the building. In Paddington.
New Street Square,
Innovative offices around a public square, with retail and restaurants. In the Mid-town district.
Comprehensive office redevelopment in the City, with small retail component. Completed.
One New Change,
Landmark mixed-use development in an extraordinary location adjacent to St Paul’s.
Redevelopment to create a major mixed-use scheme. Planning consent now granted.
Planning consent granted for this cutting edge, high quality mixed-use development in Victoria.
London development pipeline at 31 March 2009
cost to date
|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|
|New Street Square, EC4||Office||100||62,340||93||33||May 2008||379||379|
|Dashwood House, EC2||Office||100||14,110||6||7||Oct 2008||113||113|
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|
|Park House, W1||Office||100||15,430||–||22||July 2013||247||387|
|Selborne House, SW1||Office||100||23,450||PR||n/a||n/a||2013||n/a||n/a|
|Arundel Great Court and||Office||100||36,750||PA||n/a||n/a||2014||n/a||n/a|
|Howard Hotel, WC2||Retail||2,470|
|20 Fenchurch Street, EC3||Office||100||61,660||PR||n/a||n/a||2014||n/a||n/a|
|Wellington House, SW1||Retail||100||250||PR||n/a||n/a||2014||n/a||n/a|
- 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.