Development Securities completes 10 Hammersmith Grove (UK)

Development Securities PLC, today celebrated the completion of 10 Hammersmith Grove, the first phase of its 275,000 ft² (approx. 25,548 m²) prime office scheme in the center of Hammersmith. 10 Hammersmith Grove was built speculatively by Development Securities with development partner Scottish Widows Investment Partnership Property Trust (SWIPPT) for £50 million (approx. €58,3 million), and was designed by architect Flanagan Lawrence.

Sir Edward Lister, the Mayor of London’s Chief of Staff and Deputy Mayor, Policy and Planning, and Councillor Nicholas Botterill, Leader of London Borough of Hammersmith and Fulham, joined Development Securities Chief Executive Michael Marx for a ribbon cutting ceremony at the building this morning.

Development Securities also confirmed today that over one third of the office space, and two of the three restaurant units, at 10 Hammersmith Grove are now under offer.

Located in Hammersmith town centre, 10 Hammersmith Grove features 110,000 ft² (approx. 10,220 m²) of Grade A office space over eight floors, with three exclusive roof terraces – providing some of the best new prime office space in West London. The development also includes three restaurant units facing onto over 6,000 ft² (approx. 557 m²) of new landscaped public space, equal tothe size of the adjacent Lyric Square.

Julian Barwick, Director, Development Securities said: “10 Hammersmith Grove is the first new speculative office building to be built in Hammersmith in a decade, and offers the best West End quality space in West London. Benefitting from an enviable location, large floorplates and contemporary design, it is the right product for the modern occupier. With a third of the office space, and two out of three of the restaurant units now under offer to restaurateurs, as well as discussions with several additional parties ongoing, we look forward to announcing further lettings in the near future.”

Sir Edward Lister, Chief of Staff and Deputy Mayor, Policy and Planning, said “In order to lengthen London’s lead as a global centre of finance and trade, we need top class facilities to attract the very best businesses and investors, whether international or domestic. This ambitious project in Hammersmith will help meet strong demand for quality office space, demonstrating the appetite for locations across the city.”

Councillor Nicholas Botterill, Hammersmith & Fulham Council Leader, said: “10 Hammersmith Grove is the latest high-profile regeneration project to be completed in the town centre, and this innovative new building stands as testament to the confidence that domestic and international businesses have in Hammersmith. Its occupiers will benefit from unrivalled transport links, fantastic shops, leisure and entertainment facilities right outside their door.”

10 Hammersmith Grove has excellent connectivity to the West End and the City via the Hammersmith and City, Piccadilly, District and Circle lines, and benefits from easy access to Heathrow via the M4 and M40 in 20 minutes. Hammersmith also enjoys close proximity to Westfield London, and there is a major bus interchange located directly across from the site that services 17 routes.

10 Hammersmith Grove is highly sustainable and is one of the first London office buildings to be entirely lit by LED lights. Natural light is also well-utilised, as the design of the building envelope minimises solar gain but maximises light for the office space. In addition, solar panels on the roof will generate energy which will be utilised in the building

Source: Development Securities

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