St James's overview

In St James’s our business covers 50 per cent of the buildings and the portfolio is currently the focus of a £500 million investment plan.

St James’s Gateway

Our St James's assets comprise around half of the buildings in the area; some 4 million ft2 of retail, office and residential space with a value of over £1 billion.

In recent years we have further consolidated our position through the acquisition and merging of interests. This strategy was applied in the purchase of 113 Jermyn Street, home to Rowley’s restaurant, as well as 13 Charles II Street, 106 and 115 Jermyn Street; and the acquisition of the freehold interest in Princes House, which represented the only significant gap in our holdings on the northern side of Jermyn Street/southern side of Piccadilly.

It has been almost five years since we launched our ambitious vision and £500 million investment programme. The area is now home to many restored listed buildings, landmark new developments and a transformed public realm from Piccadilly Circus southwards to Waterloo Place.

84%

Of St James’s occupiers would recommend The Crown Estate.

Some of our most exciting schemes are taking shape here. In partnership with Oxford Properties, we’re developing St James’s Market, which will introduce more than 260,000 ft2 of contemporary offices, shops and restaurants centred around a new public square. This landmark £400 million redevelopment includes the refurbishment of two historic blocks alongside newly developed space, right in the heart of the West End.

The quality of our developments continues to drive healthy demand from prospective tenants. Private equity firm Carlyle Group’s are relocating to St James’s, joining some very special retail and restaurant brands, including new retail concepts for Jigsaw, Smeg and ASSOS and leading restaurants Salt Yard, Anzu and the double Michelin-starred Aquavit. On the strength of this, we agreed a £145 million extension to the St James’s Market Partnership with Oxford Properties.

We are committed to our programme to invest £500 million into our St James's portfolio. Our approach is guided by a clear strategy, which aims to enhance and refine St James's, sensitively, carefully and for the long term. Our investments have not only improved the cohesion of our holdings but also protected St James's future as a distinct niche in the West End office market, and a world-renowned destination for shops and restaurants. We have also built on the area's residential character and improve the public realm by redressing the balance between pedestrians and motorists.