Osborne has been awarded the contract for the re-construction of Regent House, George Street, London. Osborne is scheduled to begin work on the existing 1960’s office building in May 2019. This mixed-use scheme comprises office accommodation over six floors, as well as 24 private residential apartments. The scheme will also feature four ground/lower ground retail units, which will be leased back and directly controlled by The Portman Estate as part of its retail strategy to reinvigorate Edgware Road and continue its investment in the thriving Marylebone area.
Regent House will benefit from outstanding transport links, including Paddington Crossrail Station, and surrounding shopping and leisure amenities. Coupled with its close proximity to Hyde Park, makes the development a premium offer for office and retail occupiers and residents. The work is due for completion in Autumn 2020 and has a contract value of €46.3m (£40m).
Andrew Locke, Director at Native Land, commented: “We look forward to working closely with Osborne to deliver Regent House, which will play a significant part in the ongoing transformation of Edgware Road as the gateway to Marylebone and the West End. Our aim is to create a timeless, design-centred building, which provides office occupiers and residents with a flexible and high-quality environment to live and work in.”
Paul Fletcher, Divisional Director, at Osborne said: “We are thrilled to be beginning our relationship with Native Land, as the main contractor of the Regent House project, as our shared values and aspirations will be essential to the project’s success. Osborne thrives on schemes with complex construction and challenging logistics and we relish the opportunity to deliver this high-quality building in 2020.”