Development

Development is an important part of our business. It is an important driver of returns and is one of the main ways we can enhance our properties to better reflect our customers' evolving lifestyles.

We have built up a competitive advantage in large scale, mixed use developments, where we can leverage our network and our experience to deliver outstanding spaces, which are well integrated with local communities.

The majority of our development has been focused on London, and includes 5 Broadgate at our Broadgate Campus, 4 Kingdom Street at Paddington Central and Clarges, our residential-led mixed use development in Mayfair. In Retail, our strategy has been to invest in our existing assets through retail and leisure extensions. We have completed a number of schemes at Glasgow Fort and are on site at New Mersey, Speke. Longer term our development plans include extensions at Drake Circus, Plymouth; Meadowhall and Eden Walk, Kingston where we are planning a mixed use redevelopment.

On site and committed

4 Kingdom Street

147,000 sq ft

Completing: 2017
Office development at Paddington Central, an 11 acre mixed use campus in London’s West End.

Clarges Mayfair

114,000 sq ft

Completing: 2017
Residential development in Mayfair, comprising 34 high end apartments.

100 Liverpool Street

520,000 sq ft

Completing: 2019
Office-led redevelopment at Broadgate, increasing retail and leisure offer and improving local connections and public spaces.

Near term pipeline

1 Finsbury Avenue

281,000 sq ft

Office-led refurbishment at Broadgate

Plymouth Leisure

102,000 sq ft

Leisure extension including a cinema

Speke Leisure

66,000 sq ft

Leisure extension including a cinema

Medium term pipeline

2-3 Finsbury Avenue

560,000 sq ft

Office redevelopment at Broadgate

135 Bishopsgate

340,000 sq ft

Office refurbishment at Broadgate

Blossom Street, Shoreditch

340,000 sq ft

Character offices in a regeneration area, ideally suited to the needs of small and medium sized occupiers.

1 Triton Square

338,000 sq ft

Office redevelopment at Regent’s Place

5 Kingdom Street

240,000 sq ft

Office development at Paddington Central.

Canada Water

5.5m sq ft

46 acre mixed-use development opportunity to create a new urban centre for London

Meadowhall Leisure

330,000 sq ft

Leisure extension to super-regional retail asset

Eden Walk, Kingston

562,000 sq ft

Retail and residential London development