Our West End portfolio is centred on the 13-acre Regent's Place.
We are growing our exposure to the West End office market which has a strong outlook for growth and returns.
Our West End portfolio currently accounts for 13% of our total portfolio. Up from 5% five years ago.
Including developments at their current estimated completion value, West End offices account for 15% of our assets.
1.7 million sq ft
Portfolio size
7,000
People currently work at Regent's Place
2.2 million sq ft
Portfolio size when current development is complete
over 20
Major financial & business service occupiers
Located on the Marylebone Road/Euston Road corridor, one of London's main arteries, Regent's Place occupies a prominent position at the north end of London's West End. Four underground stations and two national mainline railway stations – King's Cross St Pancras and Euston – provide excellent transport links around London, nationally and internationally via Eurostar.
The estate today, comprises 1.2 million sq ft of office, retail, leisure and residential space. It is a vibrant workplace that continues to evolve. Undergoing its final phase of development at NEQ, and in completion the estate will have doubled in size over the last four years to 2 million sq ft where 14,000 people will live or work.
The building is arranged over 36-storeys, with the office accommodation let to HM Government.
The six-storey building provides a mix of office, retail and leisure space. The offices of 185,600 sq ft are let to Atos Origin, JP Morgan and London & Capital.
The offices are multi-let to General Medical Council, Elexon, Balfour Beatty, Capital One Bank and Networking People Limited.
The property is arranged over 17-storeys and is multi-let to six office occupiers. The major occupier is Hachette Livre, occupying 59,100 sq ft on eight floors. The other office occupiers are Regus, Merck Sharp & Dohme, SunPower Corporation, ZS Associates and British Telecom.
The property achieved practical completion in September 2009. The property is arranged over nine floors with the office accommodation let in its entirety to Aegis Group. The property also provides circa. 3,000 sq ft of retail accommodation, all of which is currently under offer.
20 Triton Street reached practical completion in December 2009. The ten-storey building provides circa. 245,000 sq ft of office accommodation let to Gazprom, Lend Lease, Dimensional Fund Advisors and Ricoh. Only 14,000 sq ft remains available to let.
1.2 million sq ft
of Grade A space
13
acres - size of site
The property was completed in early 2007 and provides over 90,000 sq ft of office space, 9,000 sq ft of retail space and 22 residential units. British Land occupies some 40,000 sq ft of the offices as its Head Office, and the remainder of the building is fully let to occupiers including Bunzl, GIC, Moor Park Capital, Hurley Palmer Flatt, HSBC and Patisserie Valerie.
The nine-storey building is let to nine occupiers, including Finmeccanica, Last Minute.com, Aegis Defence Services and the Labour Party. It is anticipated that a comprehensive refurbishment will be undertaken on lease expiries in May 2012.