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Crown Estate unveils £430m pipeline of West End schemes | Property Week

Mark Helprin by Mark Helprin
July 15, 2024
in Real Estate
Crown Estate unveils £430m pipeline of West End schemes | Property Week
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The Crown Estate has revealed details of its next London development projects, a trio of West End schemes with a gross development value of £430m.

Plans for New Zealand House. Source: Crown Estate

The three schemes – New Zealand House, 10 Spring Gardens and 33-35 Piccadilly – will create 250,000 sq ft of office, leisure and retail space through refurbishments focused on sustainability and social value.

The Crown Estate said their development was a core part of its wider London strategy to “contribute to a more accessible city” and would help stimulate the renewal of the West End.

The grade-II listed New Zealand House, at the southern gateway to Haymarket and St James’s Market, will be retrofitted in a project that will retain 90% of the structure and create 138,000 sq ft of office and hospitality space.

The building, which pened in 1963, was formerly “a shining example of innovation”, the Crown Estate said, and was the first fully air-conditioned office in London.

Meanwhile, 10 Spring Gardens, between The Mall and Trafalgar Square, will also be refurbished to create 80,000 sq ft of sustainable workspace.

The final scheme, 33-35 Piccadilly, will increase the existing office and retail space by 85%, with 3,000 sq ft of prime retail and hospitality space on the ground floor and 30,000 sq ft of offices on the upper floors.

Kristy Lansdown, head of development at The Crown Estate, said: “New Zealand House, 10 Spring Gardens and 33-35 Piccadilly represent just the start of our ambitious development plans in London as we look to create spaces and places that respond to the needs of businesses, visitors and local communities of today, and for future generations.

“These projects will deliver world-class space that is sustainable in every sense of the word, as we work with a range of partners to create buildings with significant social and economic impact.”

Multiplex and McLaren Construction Group have been appointed as construction partners for New Zealand House and 10 Spring Gardens respectively. KPH has been appointed to manage the initial works for 33-35 Piccadilly.



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