Welcome to The Crown Estate
Ceremony at Regent Street development marks next project
08 June 2012
A ground breaking ceremony today saw Cllr Robert Davis, Deputy Leader of Westminster City Council, Alison Nimmo, Crown Estate Chief Executive, and Stephen Pycroft, Chairman and CEO of Mace, mark the first cut in the ground at Regent Street's next major redevelopment, Block W4.
Cllr Robert Davis DL said at the ground breaking ceremony: "I am delighted to be part of the ground breaking of The Crown Estate's transformational Block W4 development. I look forward to seeing the finished product, exceptional new office and retail space that will bring major benefits to Regent Street and the West End."
At the same time, we can confirm that we have agreed terms for the appointment of Exemplar as development partner for the next phase of the scheme, W5 (south), located between W4 where is under way, and our New Burlington Place offices. Preparatory and design work on the W5 project is to start later this month.
The redevelopment of W4 and W5 are part of a comprehensive
£200 million scheme that will deliver two new buildings and a
total of 270,000 ft² of world class retail and office
accommodation. It preserves Regent Street's listed facades and
heritage, and will pave the way for public realm improvements to
New Burlington Street and Mews.
Alastair Smart, Head of Development at The Crown Estate said: "W4 and W5 will continue the transformation of Regent Street into a world class retail and business destination. Supply of high end office and retail space of this type in the core West End remains thin and we are delighted be taking these schemes forward with Exemplar."
Exemplar Director Daniel Van Gelder said: "We are delighted to again be working with The Crown Estate on Block W5. This is our second project together and we look forward to delivering these two exceptional and sustainable properties on Regent Street in 2013 and 2015."
Mace is the design and build main contractor for the W4 scheme. Exemplar's appointment to W5 follows the successful relationship already established at the adjacent W4 redevelopment where the construction phase is set to commence next week. W4 is scheduled to complete in the first quarter of 2014 with W5 following in 2015. The two schemes were part of the same planning application and the development of the blocks together provides significant synergies, from shared logistics during the construction process to the provision of a single new UKPN electricity supply.
- Prior Announcements
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Lettings progress St James’s transformation
25 May 2012 -
Investment strategy gets international recognition
24 May 2012 -
Arcadia secured for Morfa Shopping Park
22 May 2012 -
AirW1 wins Building Magazine Project of the Year
20 April 2012 -
£400 million St James’s Market development announced
16 March 2012
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