Buckingham Green, SW1

Buckingham 1
Buckingham Before
Buckingham After
Buckingham Comparison Final

Description

64 & 65 Buckingham Gate comprises a mixed use office, residential and retail estate on the boundaries of St James's and Victoria. The estate presently comprises three component parts: The Tower, which was the HQ of Rolls Royce PLC along with 44 residential apartments, the Podium, which is a mix of offices currently the HQ of the Labour Party along with a wine bar and restaurant in the basement and retail units in Palmer Street and finally, the Annex, which is a retail building leased to FlightCentre. The buildings comprise approximately 100,000 sq ft of net lettable area. London & Oriental are undertaking a comprehensive redevelopment of the entire estate which will comprise 140,000 sq ft of mixed use space to be launched in 2017.

Opportunity

‍The estate was designed by Architect Elsom Pack & Roberts and built in 1978. The main commercial element of the building was previously occupied by Rolls Royce PLC as their UK HQ. Rolls Royce have now moved to 62 Buckingham Gate which has allowed for vacant possession of the tower which will be stripped back in mid/late 2015 and entirely reclad. One and Two Buckingham Green will provide 65 luxury 1, 2, 3 and 4-bed apartments available to rent and four floors of prime Grade A office space in the redesigned tower inspired by Mies van der Rohe. Three Buckingham Green will provide 33,000 sq ft of unique prime Grade A office space in a newly constructed building of unparalleled design. Four Buckingham Green will offer two bespoke 2,500 sq ft floors of modern studio office space alongside 12,000 sq ft of new A1 and A3 retail space across the scheme forming an entirely relandscaped quarter for this important part of Central London.

Value Added

  • L&O has undertaken a full feasibility study of the estate in order to explore the opportunities to add value and to allow for a complete repositioning of the existing buildings.
  • Following the feasibility study, a full redevelopment team has been appointed by L&O to explore exciting new designs and layouts for the buildings.
  • We have achieved full planning consent for a mixed-use redevelopment of the site which was unanimously approved by Westminster City Council in September of 2014.
  • L&O are now managing the redevelopment of this prime site and "works are ongoing and due to complete in autumn 2017.