One New Change,
EC4

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

 

Park House,
W1

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

 

Selborne House,
SW1

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

 

Wellington House,
SW1

Based on Buckingham Gate, this development will offer high quality residential accommodation as well as incorporating retail space on the prominent corner of the ground floor.

 

20 Fenchurch Street,
EC3

Rafael Vinoly-designed City tower.

 

Arundel Great Court & Howard Hotel,
WC2

This development will create two new buildings, an office building located at the north of the site, on Strand, and a residential and hotel building to the South which will exploit the unrivalled views along the River Thames.

 
 

Table 2: London development pipeline at 30 September 2009

Property Descrip-
tion
of use
Owner-
ship
Interest %
Size
sq m
Planning
status
Letting
status %
Net income/
ERV
£m
Estimated/
actual
comple-
tion
date
Total
develop-
ment
costs to date
£m
Forecast total
develop-
ment
cost
£m
Developments, let and
transferred or sold
New Street Square, EC4 Office 100 62,340 96 32 May 2008 378 378
Retail 2,980 86
Developments completed
Dashwood House, EC2 Office 100 14,110 25 7 Oct 2008 113 113

Retail
710
100
30 Eastbourne Terrace, W2 Office 100 4,470 - 2 May 2009 30 33
Developments approved
and in progress
One New Change, EC4 Office 100 30,840 41 27 Sept 2010 336 541

Retail
19,900
27
Proposed developments
Park House, W1 Office 100 15,430 PR n/a n/a 2012 n/a n/a
Retail 8,140
Residential 5,380
Wellington House, SW1 Retail 100 250 PR n/a n/a 2013 n/a n/a
Residential 5,650
Selborne House, SW1 Office 100 23,950 PR n/a n/a 2013 n/a n/a
Retail 1,540
20 Fenchurch Street, EC3 Office 100 61,660 PR n/a n/a 2014 n/a n/a
Retail 2,130
Arundel Great Court and Office 100 36,750 PA* n/a n/a 2016 n/a n/a
Howard Hotel, WC2 Retail 2,470
Residential 22,670

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 30 September 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 (£nil across all categories of development).
Net income/ERV
Net income/ERV represents headline annual rent payable on let units plus ERV at 30 September 2009 on unlet units.

*Planning consent granted on appeal since 30 September 2009

 
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