In light of the forthcoming opening of the Crossrail link across London and the continued scarcity of prime office space in the capital’s West End, UK & European Investments has unveiled two new office development projects totalling 67,500ft².
Thr first scheme, located at 30 Cleveland Street, is currently undergoing a comprehensive refurbishment and remodelling and will provide 40,000ft² of Grade A space, featuring roof terraces on the upper floors with panoramic views across Fitzrovia. The completion is scheduled for November.
UK&EI, acting in partnership with The Portman Estate, has also started work on the redevelopment of Seymour Mews House which sits in a tranquil mews off Portman Square and Wigmore Street. The project will feature 27,500ft² of new offices over the ground and five upper floors with roof terraces on the two top floors. Completion of the project is scheduled for the end of Q1 next year.
UK&EI’s Asset Management Director, John Stacey, comments: “The impact of the Elizabeth Line on both these locations cannot be overstated. 30 Cleveland Street will benefit from the transformed Tottenham Court Road station while Seymour Mews House is a couple of minutes’ walk from Bond Street station. Equally important is the environment that both buildings enjoy. 30 Cleveland Street is set in the marvellously eclectic Fitzrovia with its myriad of restaurants, bars and contemporary shopping. Seymour Mews House sits between Oxford Street and Baker Street, in a discreet but central Marylebone location next to Portman Square. It will offer a calm working environment with superb connectivity and amenity.”
Oliver Fenn-Smith, Chief Executive at The Portman Estate says: “We are delighted to be working in partnership with UK&EI to create a new vibrant working environment in the heart of The Portman Estate as part of our ongoing strategy to ensure long-term growth in the area. The newly renovated Seymour Mews House will be perfectly located to benefit from the excellent variety of cafes, restaurants and shops on our three independent retail streets, New Quebec Street, Seymour Place and Chiltern Street.”
JLL and Edward Charles & Partners are the letting agents for both schemes.
