The Crown Estate has confirmed plans to redevelop Morley House, a €111.7m (£100m) mixed retail and residential block at 314-322 Regent Street, north of Oxford Circus.
The redevelopment forms part of The Crown Estate’s ongoing €1.12bn (£1bn) regeneration of Regent Street and will be taken forward in collaboration with main contractor, Kier Construction, and development manager, Waltonwagner.
The new building is expected to complete in summer 2020 and will deliver 11,000 ft² of retail space and 44 new residential units which will be available to let.
Bob Dawson, Head of the Regent Street Portfolio at The Crown Estate, said: “Regent Street is one of the world’s top destinations for shopping, business and leisure. On-going investments such as Morley House are an important part of our long-term commitment to London’s West End and support our vision to refocus the area north of Oxford Circus around high-quality lifestyle and leisure, complementing the fashion-led offer on the rest of Regent Street.”
The Crown Estate manages Regent Street on behalf of the Regent Street Partnership, which comprises The Crown Estate and Norges Bank Investment Management (NBIM).