London, 2016-Oct-10 — /EPR Retail News/ — British Land today (06 OCT 2016) celebrated a major milestone in the development of Clarges Mayfair, the super-prime residential-led scheme in Central London, which has now reached full height.
A “topping out” ceremony was held to mark the occasion, attended by the Deputy Leader of Westminster City Council, Councillor Robert Davis, along with British Land’s CEO, Chris Grigg and Head of Residential, James Taylor. Guests at the event were able to enjoy the building’s striking architecture and appreciate the breath-taking views from the top floor overlooking Green Park and Buckingham Palace.
Chris Grigg, Chief Executive of British Land, said: “Clarges Mayfair is a great example of our ability to create exceptional environments where people want to work, shop and live. We have worked hard to ensure we understood what potential residents wanted and also connected with the local community to design an outstanding landmark building. It is a reflection of our continued commitment to design and testament to the expertise of the team responsible for its delivery.”
As well as reaching its full height of nearly 40m, the development is also now fully clad, with its Portland Stone façade now complete. Designed by award-winning architects Squire and Partners, Clarges Mayfair has been inspired by the historic architecture of surrounding Piccadilly landmarks including Buckingham Palace, The Ritz and The Wolesley. Its design is intended to complement these iconic buildings yet harness a strong identity of its own.
Michael Squire, Founder of Squire and Partners, said: “Clarges Mayfair provides the most sophisticated contemporary residential accommodation whilst taking a step into Piccadilly’s rich history as the site of some of the city’s finest homes. Its crisp timeless design reveals layers of detailing in its stonework and bronze which draw upon the historic context.”
Clarges Mayfair, the residential element of the mixed-use scheme, comprises 34 super-prime apartments which were launched in 2014. 22 of the apartments were sold at the time, some at record-breaking values, for a total of £259m, representing over 50% of the total gross development value of the development. The remaining 12 apartments will be marketed closer to completion in late 2017.
As well as stunning views of two of London’s most prized assets, Buckingham Palace and The Ritz, Clarges Mayfair will offer residents full lifestyle services including:
- One of the best private wellness spas in London including a 25m swimming pool and fully equipped gymnasium, sauna and steam room
- Private cinema room
- A new restaurant at ground floor level
The interiors are designed by award-winning interior design studio, Martin Kemp Design, which has designed the apartments to the height of sophistication, creating a modern look that represents and reflects the heritage of Mayfair.
Adjacent to the residential building is 7 Clarges Street which comprises nearly 50,000 sq ft of high quality office accommodation and just under 15,000 sq ft of retail and leisure space. British Land has also developed 10,500 sq ft of social housing on the site.
The construction of Clarges Mayfair has been led by contractors Laing O’Rourke. Work began on site in early 2014. The office element is now complete and the residential element will complete in late 2017.
For more information, please visit www.clargesmayfair.com.
For sales enquiries, please contact Knight Frank on +44 (0)20 7499 1012 or Wetherell on +44 (0)20 7493 6935.
Notes to Editors
About British Land
We are one of Europe’s largest publicly listed real estate companies. We own, manage, develop and finance a portfolio of high quality commercial property, focused on retail locations around the UK and London offices. We have total assets in the UK, owned or managed of £19.7 billion (of which British Land share is £14.4 billion), as valued at 30 September 2015. Our properties are home to over 1,200 different organisations ranging from international brands to local start-ups. Our objective is to deliver long-term and sustainable total returns to our shareholders and we do this by focusing on Places People Prefer. People have a choice where they work, shop and live and we aim to create outstanding places which make a positive difference to people’s everyday lives. Our customer orientation enables us to develop a deep understanding of the people who use our places. We employ a lean team of experts, who have the skills to translate this understanding into creating the right places, and we have an efficient capital structure which is able to finance these places effectively.
UK Retail assets account for 51% of our portfolio. As the UK’s largest listed owner and manager of retail space, our portfolio is well matched to the different ways people shop today. We are focused on being the destination of choice for retailers and their customers by being the best provider of spaces and services. Comprising around 22 million sq ft of retail space across shopping parks, superstores, shopping centres, department stores and leisure assets, the retail portfolio is modern, flexible and adaptable to a wide range of formats.
Our Office and Residential portfolio, which accounts for 49% of our portfolio is focused on London. We have an attractive mix of high quality buildings in well managed environments and a pipeline of development projects which will add significantly to our portfolio. Increasingly, our Offices are in mixed-use environments which include retail and residential elements. Our 7.5 million sq ft of high quality office space includes Regent’s Place and Paddington Central in the West End and Broadgate, the premier City office campus (50% share).
We were awarded the 2016 Queen’s Award for Enterprise, the UK’s highest accolade for business success, for our continued economic, social and environmental achievements over five years. Our industry-leading sustainability strategy is a powerful tool to deliver lasting value for all our stakeholders. By supporting communities, improving environments and growing economies, we create Places People Prefer and enhance long-term returns. Further details can be found on the British Land website at www.britishland.com.
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