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.
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,
Rafael Vinoly-designed City tower.
Arundel Great Court & Howard Hotel,
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
costs to date
|Developments, let and
transferred or sold
|New Street Square, EC4||Office||100||62,340||96||32||May 2008||378||378|
|Dashwood House, EC2||Office||100||14,110||25||7||Oct 2008||113||113|
|30 Eastbourne Terrace, W2||Office||100||4,470||-||2||May 2009||30||33|
and in progress
|One New Change, EC4||Office||100||30,840||41||27||Sept 2010||336||541|
|Park House, W1||Office||100||15,430||PR||n/a||n/a||2012||n/a||n/a|
|Wellington House, SW1||Retail||100||250||PR||n/a||n/a||2013||n/a||n/a|
|Selborne House, SW1||Office||100||23,950||PR||n/a||n/a||2013||n/a||n/a|
|20 Fenchurch Street, EC3||Office||100||61,660||PR||n/a||n/a||2014||n/a||n/a|
|Arundel Great Court and||Office||100||36,750||PA*||n/a||n/a||2016||n/a||n/a|
|Howard Hotel, WC2||Retail||2,470|
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 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