Development case study

Development case study

2010/11 Key priority: Execute development programme

Timely
development

at the right point
in the cycle

Central London office markets are highly cyclical. Therefore, timing our development activity to the right point in this cycle is critical. We expect demand for quality office space to increase as the UK recovers from recession whilst current levels of supply will be insufficient to meet this demand. As a result, we expect rents to rise.

Our last development programme produced superior returns as it captured rental growth between 2005 and 2008. Over the past 36 months, we have been preparing a new programme of schemes for the next up-cycle and we are now positioned to deliver 17 schemes comprising of 2.2 million sq ft of Grade A space into these favourable market conditions.

View further details of our development programme

Marcol House,
289/295 Regent Street,
London W1

  • 103,300 sq ft
  • Planning status: On-site
  • Planned completion: 10/2012
Marcol House
Walmar House

Walmar House,
288/300 Regent Street,
London W1

  • 59,400 sq ft
  • Planning status: Consented
  • Planned completion: 12/2012
  • Previous development programme 2004–2008:
  • Total development spend: £292 million
  • Total profit on development programme: 57%
  • Total profit on buildings sold: 97%
Fetter Lane

12/14 & 43 Fetter Lane,
London EC4

  • 139,200 sq ft
  • Planning status: Consented
  • Planned completion: 07/2013
160 Great Portland

160 Great Portland
Street, London W1

  • 88,200 sq ft
  • Planning status: On-site
  • Planned completion: 05/2012

79/97 Wigmore Street,
London W1

  • 111,400 sq ft
  • Planning status: Phase 1 on-site
  • Planned completion: 07/2013
Wigmore Street

100 Bishopsgate,
London EC2

  • 955,300 sq ft
  • Planning status: Consented
  • Planned completion (subject to pre-let): 12/2014
100 Bishopsgate