2024
S TANHOPE PLC .COMS TAN HOPE 2024

S TAN HOPE 2024

Trusted partners creating sustainable buildings
and urban places

Stanhope PLC is B Corp certified property developer and asset manager based incentral London.
We have over 30 years’ experience of delivering high quality developments for ourpartners, occupiers and communities whilst setting new standards for sustainable
workplaces, homes, and cultural spaces.
Over the years, we have gathered unrivalled experience of development, mainlyin central London. We are known for our strong partnership approach and ourinnovative responses to complex urban development opportunities, managing risk
and delivering projects within budget and on programme.
We work with communities, landowners, investors, occupiers, designers andcontractors, and are experts in assembling, leading and challenging project teams
to get the best results.
Our highly experienced team manages the whole development process from site
identification, feasibility and purchase through design and planning, funding,
procurement and delivery. Our asset management team not only continues
our involvement with the project but also provides valuable input into themasterplanning and design process.
We have delivered over 35 million square feet and around £40 billion of value, asset
manage 6 million sq ft, typically manage around £3 billion of construction andhave a healthy pipeline of predevelopment projects (40% of which is made up of life
science projects). We have created and reinvented some of the most recognisablebuildings in London.

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Our
Expertise

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Stanhope has over 30 years’
experience of delivering a broad andcomplex range of projects.

£40bn

11m

of real estate value delivered
and under construction

sq ft development pipeline

1.3m

88

sq ft under construction/in
preparation

Development projects delivered

35m

100+

sq ft space deliveredAwards received

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The world has to change.
And at Stanhope, we’rechanging everything we can.
To create better places for abetter future.

RE AL PROGRESS. RE AL EVIDENCE .

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We’re a Certified B Corp business. We meet high standards of social andenvironmental performance, transparency and accountability.

2 We’re committed to net zero carbon by 2030. In that, we’re halving ourcarbon intensity and only delivering net zero carbon buildings by this time.

3 99% of our emissions are caused along our value chain which is why we takeresponsibility for them. We work with our suppliers and partners to reducethem against verified targets.

4 We have a 25-year track record shaping sustainable development in our
industry.

5 Through the Stanhope Foundation, we fund charities dedicated to helping

Meanwhile use, Story Garden, British Librarypeople find happiness and fulfilment through meaningful employment.

ESG
As a Certified B Corp, we’re using our business as a force for environmental
and social good. Our vision is to leave a legacy of sustainable buildings
and urban places, loved by the communities that live and work there, andresponding to the urgency of the climate crisis we all face.
We can’t solve everything, but we can take a collaborative approach with ourpartners and peer group in the UK property and construction industry to do ourpart and make a difference. In evaluating our responsibility, we look beyond ourown operations, to the indirect impact we make.
Environmental, Social and Governance (ESG) factors require a long-term
commitment. Over decades we have built a trusted, collaborative networkof partners that share our commitment to responsible, ethical action. These
partnerships build our insight and amplify our impact.

PE RFORMANCE AND DISCLOSURE

INDUS TRY BODIE SPOSITIVE OUTRE ACH

Our 2023 ESG Strategy sets out our framework, our commitments, and ourapproach to implementing them. Our programme and its monitoring of ourimpact is rigorous and forward-thinking. Our core ESG documents comprise
our Policies, Briefs and Guidelines, and ESG report. They recognise ourcommitment to doing the right thing, not the easy thing.
We transparently disclose our impact, share our progress against ourcommitments and explain the challenges we still have to work on.

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Delivery of newaccommodation at the British
Library and Royal Street
is a few years away. These
projects will provide newcultural accommodation for
The British Library, an HQ for
the Alan Turing Institute anda new facility for Guy’s & St
Thomas’ Foundation, whilst
responding to demands fromthe life science sector.

S TAN HOPE 2024

Science & Tech
“We noted the growing
demand for lab enabledaccommodation andhow the life
science sectors are
drawn to cluster incertain locations
that provide the rightenvironment andamenity for theirresearch to prosper.”British Library, NW1

CHARLES WALFORD
HEAD OF SCIENCE & TECHWhite City Place, W12

Royal Street, SE1

The health and life sciences sector is worth over
£94bn to the UK’s economy and employs about
282,000 people. It is one of the most productivein the world. In order to grow, this sector needs
space within cities to innovate at scale.

innovation companies. Our asset management
experience of working closely with science andtech companies at White City Place has given
us valuable insight into understanding how tomeet their requirements and operations. The
majority of our life science occupiers are spin out
SMEs, who are growing rapidly. To assist thesecompanies as they grow, we will be delivering
30,000 sq ft of Grow On labs this year.

Stanhope have been investing in providing realestate solutions for this growing sector since 2014
with assets in London, Oxford and Cambridge.
We have three pipeline opportunities in London:
the British Library extension, White City Place
Gateway East and Royal Street.

In Oxford, together with Thomas White Oxford
Ltd, we are currently under construction
on the first phase of Oxford North whilst in
Cambridge we have acquired two medium term
opportunities at Cambridge Science Park.

At White City Place we have built a thriving
ecosystem of life science, technology andOxford North, OX2

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Having set up Broadgate
Estates, the importance ofasset management has long
been in our DNA.
Chiswick Park was thefirst office development
in London to embrace theidea that people are more
important than bricks andmortar. It focused not only on
the buildings but the overall
sense of place, and was
driven by the idea that every
employee should enjoy work.

Story Garden, The British Library

Asset management is an integral part of the Stanhopeoffer. We have created and now manage some of the mostrecognisable places in London, including Television Centre,
White City Place and Chiswick Park. The value of our assets
under management totals £4bn, which equates to 6 million sq
ft. Our unique position, as both developer and asset manager,
adds value throughout the entire life cycle of a development.
Our experience of creating mixed use estates, often phased
over several years, has equipped us with skills which we apply
at both the masterplan/design stage of new projects, throughto delivery, leasing and occupation. We draw on this expertise
to manage complexity and create bespoke asset strategies
which we execute with a disciplined, hands-on approach.
We are committed to long-term value creation; financially,
environmentally and socially.

The Pod, White City Place

Solar at Pergola, Television Centre

Fiona Leahy tree, Television Centre“Assetmanagement is
an integral partof the business.
Stanhope hascreated andmanaged someof the mostrecognisable
places in
London.”
CLAIRE DAWEHEAD OF ASSETMANAGEMENT

Enjoy Work, Chiswick Park

White City Place, W12

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Asset management

We are a dynamic, aspiring and industry recognised asset
management team who have a passionate, customer-centric,
innovative approach to asset management. This allows us tofoster a lively ecosystem across mixed use estates and buildings.
Our management of a burgeoning life science and innovation
district in White City combines our deep sector knowledge withthe practical experience of how to successfully manage andservice these complex occupiers. Elsewhere at 8 Bishopsgate
we have created the UK’s most sustainable tower, using ourplacemaking expertise to deliver an exceptional amenity offer at
the mid-level restaurant and garden terrace and public viewing
gallery on the 50th floor.
Our appointment to create a new global innovation district in
Oxford North adds another 1m sq ft of future estate space where
we will unlock the value created by an integrated approach todevelopment and asset management.
We see asset management as more than just managing
buildings. For us it’s about supporting and promoting thewellbeing of the businesses and communities we serve throughgenuine engagement and by providing the services, spaces andexperiences for them to thrive.

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Innovation“I love working inconstruction as
it combines great
design, sustainability,
engineering, hard work
and innovation — while
you are literally building
for the future.”

Ruskin Square

LAURA COLLINSPROJECT DIRECTOR
Warwick Court

At Stanhope we take a collaborative
approach to innovation. We operate throughmultidisciplinary teams, both internally andexternally and our buildings are delivered
through intensive refinement of the initial brief
and attention to detail.

relations. Prefabrication and offsite
manufacturing help to improve programmecertainty as well as reduce on site construction
time. Retained elements in refurbishment
projects benefit environmental credentials andthe use of smart materials aid in reducing theembodied carbon of buildings.

Innovation needs to make good business sense.
It needs to add value to the project and ourpartners. The application of innovation is notstraightforward as every project is different;
every site is a prototype in one way or another.
Our research-based approach, working closelywith occupiers, guides our innovative solutions
whether that is creating a specification thatprovides for the science and tech sector or
helping occupiers meet their ESG goals.

The close relationships with our supply chain
specialists mean we are able to collaborate
early on in the design process to gain valuable
insights into how we can implement innovative
responses, and thus create value for ourbuildings and offering.

1 Wood Crescent, Television Centre

We are constantly looking to optimise
construction methods and specification andactively transfer lessons learnt from and to
future projects.

Modern methods of construction benefit
programme interface as well as neighbourly

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8 Bishopsgate

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OU R CHAR ITI E S

The majority of people with cancer need additional practical,
emotional and social support to complement the excellent medical
treatment that the NHS provides. Maggie’s provides this support for
free, including a ‘Back to Work Scheme’ for people living with cancer.
St Mungo’s firmly believe in a recovery-centred approach toending homelessness, with a mission to empower people to live
fulfilling lives and prevent homelessness in the future. Their
Recovery College is a 12-month programme that helps their clients
get and sustain meaningful employment.
Construction Youth Trust’s mission is to inspire and support
young people to achieve their full career potential by connecting
them to meaningful opportunities within the Construction and
Built Environment sector.
The Prince’s Trust changes the lives of hundreds of young
people across London and support more across the UK throughemployment programmes and confidence building workshops.

MFFL is a non-politically aligned, independent pan-London
charity, championing life opportunities for young Londoners fromlow socio-economic backgrounds. Stanhope Foundation supports
its Access Aspiration employability programme providing highquality careers support and guidance for 16–18 year olds who aremaking key decisions about their future but struggling to makelinks with employers.

Clockwise from left: Mencap 8 Bishopsgate site visit, abseiling for Maggie’s at the Leadenhall Building, annual golf day

As a creator and asset manager of exceptional
workplaces, we understand the profound impactthat employment has on the physical, mental andeconomic wellbeing of people. We also know there
are significant social and economic challenges in
London and the UK where we operate, creating
barriers for people wanting to work.

As well as providing funds, we have raised
awareness and enabled our partners to share
their time, skills and expertise on a voluntarybasis, whether that’s working directly withour charities on the ground, providing work
experience sessions, hosting site visits or
volunteering for local projects.

For this reason, we established the Stanhope
Foundation. Alongside a growing number ofindustry partners, we work with charities thathave employment-focused programmes inplace. These include helping people getting into
work for the first time, those returning after aprolonged break, or others tackling work-related
issues due to ill health or a disability.

Together, we are making a tangible positive
impact helping people reach their potential
and find hope and pride through meaningfulemployment.

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Mencap helps people with a learning disability gain employment,
skills and find paid jobs. The Stanhope Foundation supports theirHeadstart programme which partners with schools to provide
employability sessions, work experience and employer engagement
sessions to help people develop skills, experience, and aspirations
to work.

OU R LEAD PARTN E R S

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Selected
Projects
Stanhope has completed £40bn worthof developments, including 35m sq ft ofworkplaces, homes and cultural projects

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Stanhope Activity

1.2m

Sq ft under construction

35m

VALUE DELIVERED TO DATEASSET MANAGEMENT

£40bn

£4bn
Soil Sequestration
Assets under management

CURRENT PORTFOLIO (UNDER CONSTRUCTION & PIPELINE)

Sq ft space delivered

PROJECTPRODUCT

SIZE SQFT

WHITE CITY PLACE

Office890,000GATEWAY WEST & CENTRAL

Office/Science & Tech

418,000GATEWAY EAST

Office/Science & Tech

747,000

TELEVISION CENTRE — PHASE 1

Mixed use

1 WOOD CRESCENT

Office175,000

8 BISHOPSGATE

Office933,000

OXFORD NORTH

Science & Tech

929,000

194-198 CAMBRIDGE SCIENCE PARK

Science & Tech

350,000

CHISWICK PARK B7

Office330,000

70 GRACECHURCH STREET

Office650,000

Biochar6m
Forestry
Sq ft assets under management
Enhanced
Weathering

11m
Sq ft development pipeline

TOTAL

30 %

1,260,000

6,682 ,000

SPOTLIGHT ON SCIENCE AND TECH

4m

CAMBRIDGE SCIE NCE PARK

Sq ft science and techdevelopment pipeline

Two buildings totalling
OXFORD NORTH40%
DEVELOPMENT TYPE

SQ FTOFFICE PRODUCT

7,123,446

SCIENCE & TECHRESIDENTIAL
TOTAL

4,103,811
944,748

Of overall pipeline made up of
science and tech projects

1m sq ft of labs and workspaces
and new public realm

WHITE CIT Y PL ACE

2m sq ft innovation
district campus

131k

ROYAL S TRE E T

THE BRITISH LIBR ARY E X TE NSION

1m sq ft within the
Knowledge Quarter

2.2m sq ft knowledge(including cultural

based cluster

space)

Sq ft science and tech occupiers

12,172,005

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455,000 sq ft

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White City
In 2012, Stanhope, Mitsui Fudosan and AIMCo
acquired Television Centre, which was the
beginning of their long-term commitment andinvestment into this fast developing area of West
London. In 2015, they then acquired White City’s
Media Village in a site neighbouring Television
Centre. Establishing strategic connections
between these two developments, Stanhope has
worked closely with several major landowners
including Imperial College London, Westfield
London, Berkeley St James, to implement a sharedvision for White City including up to 5,000 highquality homes, over 2m sq ft of offices, new public
spaces, an enhanced world-class shopping offer
and a hub for academia with the development of a
new innovation district.

the local area and raise the profile of White City
whilst supporting the development of a local
creative infrastructure.
This has included numerous collaborations
to date, including the creation of a major new
podcasting hub and theatre, work with ColArt torealise Elephant West, an ambitious new art spacein a disused petrol station, and helping celebrated
West London musician Jai Paul (XL Records) toestablish a new foundation to support emerging
musicians in the site of the old BBC staff disco.
The surrounding area in White City is also
undergoing significant change, with major
development projects by Imperial College London,
Westfield and Berkley St James. Stanhope haveestablished working groups to coordinate at
every level – from planning projects for local
infrastructure to communications and regular
engagement with local residents, stakeholders
and other organisations.

Although located extremely well for central
London, a key challenge was promoting awarenessand credibility of the area for progressive
businesses. To address this, Stanhope embarked
upon an ambitious range of activity to enhance

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2023

2024

Purchase of
Television
Centre fromthe BBC

Base planningpermission
granted for
Television
CentreAmendedplanning
permission
granted for
Television
CentreStanhope, Mitsui
Fudosan and
AIMCo acquired
White City’s Media
VillageSoho
House
prelet

WCP
Construction
completed

Television
Centre Phase 1completed

WCP 85% let

White City
Place sold to
Cadillac Fairview(now OTPP)- Stanhoperetained as AssetManager

PVH Corp.
sign lease at 1
Wood Cresent

1 WoodCrescentand Gateway
Centraland West
complete

Macfarlane
Place due tocomplete21

Publicis prelet
274,625 sq ft
at 2 Television
Centre22

6 Life Science
occupiers at
White City
Place

TVC Phase 2
construction
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Television Centre

White City Place & Gateway
Use
Workplaces/Homes/
Mixed-use/Cultural

Use
Workplaces/Mixed-use/
Life Sciences

Role
Originate/ Design / Build/
ManageRole
Originate/ Design / Build/
ManageStatusIn Use/Under
Construction

StatusIn Use/Pre-development

Duration
2012 to present

Duration2015 to present

Partners
Mitsui Fudosan UK Ltd,
AIMCo, BBC

Partners
OTPP (White City Place)
Mitsui Fudosan UK Ltd/
AIMCo (Gateway)

Architect
AHMM,
MaccreanorLavington,
Duggan Morris,
Gillespies, DRMM

Architect
Allies & Morrison
Location
White City, London

Location
White City, London

Taking responsibility for the
future life of a national treasure.
Originally built as a ‘factory for
television’ for the BBC in the
1960s, now Television Centre is an
open and bustling hive of activity.
The site provides a Soho House
members’ club, hotel, gym andWest London’s celebrated Electric
Cinema as well as independent
restaurants, cafés and bars.
Television Centre comprises a range
of uses with the majority being
residential, eventually providing
over 900 homes.
The 400,000 sq ft of officeaccommodation hosts both Publicis
and the White Company. Television
Centre continues to accommodate
1,200 staff from BBC Studios, aswell as BBC Studioworks. Shows

including ITV’s This Morning andBBC’s Graham Norton show are
filmed here.
The second phase of development,
which will complete the masterplan,comprises a total of 511 homes in four
separate plots. As part of this phase
142 much-needed affordable homes
for Peabody are under construction
and will be delivered this year.
1 Wood Crescent, a 9 storey building
with 111,765 sq ft of prime officespace, located on the west sideof the campus and designed byarchitects Morris + Company,
recently completed . It includes
multiple terraces as well as a groundfloor reception and café. The top
five floors have been pre-let to PVH
Corp.

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Gross area
2.3m sq ft

Gross area
2m sq ft

Establishing a new creative & life
sciences quarter in West London.
White City Place centres onproviding a cluster of workspacebuildings united by new public realm
and street level retail, restaurants
and cafés.
The campus is a busy centre for thecreative and technology sectors,
hosting over 3,000 staff from theBBC, research and teaching facilities
for RCA, the fashion occupiers
Li & Fung, creative co-working
Huckletree, Jellycat London, Arts
Alliance Media and ITV Studios.
We have attracted 7 life science
occupiers of various sizes and plans
are progressing to provide fitted
space for small companies to quickly
scale up and flourish. Health and life
science occupiers include, Autolus,
Engitix, Adaptate Biotherapeutics

and Vivan Therapeutics. We are
currently creating 30,000 sq ft ofGrow On labs.
White City Place was sold to Cadillac
Fairview (now Ontario Teachers’Pension Plan) in 2020 but Stanhope
have been retained as asset
manager of the site.
Gateway is the second phase of theWhite City Place development andconsists of three new office buildings
Gateway West, Gateway Central
and Gateway East on the site of theformer BBC Media Village. Thesebuildings will provide 1,110,809 sq ft
of accommodation and together will
create some 8,000 new jobs in White
City. Gateway West completed inQ3 ’22, followed by Gateway Central
in Q4 ’22, with 120,000 sq ft let to
L’Oréal for their new UK and Ireland
Headquarters.
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Creating a home for a thriving science andtechnology community.
Stanhope and Cadillac Fairview (now Ontario
Teachers’ Pension Plan) were selected as
partners to Thomas White Oxford Limited, theproperty development subsidiary of St John’sCollege Oxford, to bring forward the creation of abrand new life sciences district for Oxford.

OxfordNorth

The vision for Oxford North is to become a
new urban district within Oxford which will
facilitate science and technology discoveries.
A place where people want to live, work,
visit and learn. The scheme will deliver 1
million sq ft of laboratory and workspaces forbiomedical science, new homes, public parks
and neighbourhood shops, to retain and attract
global science research talent and help boost the
local and national economy.
The project is being designed by a world classteam of masterplanners, architects, engineers
and specialist consultants and is anticipated toboost the economy by circa £150 million in GVA
per annum, and provide over 4,000 jobs on site.
The project to build the first lab buildings isunderway with the Phase 1 due to complete in Q1
2025.

Use
Life Sciences
Role
Design/Build/Manage

Phase 2, comprising three new, prestigious
laboratory and office buildings totalling 458,100
sq ft, was given the green light by Oxford City
Council’s planning committee in 2023.

StatusPre-development/underconstruction
Duration
2022 onwards
Partner
Thomas White Oxford Ltd,
Ontario Teachers’ Pension
Plan
Architect
Fletcher Priest/Wilkinson
Eyre/Gort Scott
Location
OxfordGross Area
1m sq ft
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Cementing our long-term commitment to thegolden triangle
Stanhope, in partnership with Cadillac Fairview(now Ontario Teachers’ Pension Plan), purchased
a 110,000 sq ft trio of properties within
Cambridge Science Park in 2022. Establishednearly 50 years ago, Cambridge Science Park is a
globally renowned centre of excellence within thescience and innovation sector. The three-building
campus at 194-198 Cambridge Science Park is set
across 6.11 acres and is located in the ‘Cambridge
Northern Cluster’. It is one of Europe’s mosthighly sought-after life science and technology
campuses thanks to its unrivalled transport
links, access to top talent from Cambridge
University and thriving business ecosystem,with businesses ranging from spin-outs tomultinationals. Working closely with the three
existing tenants, Microsoft, Mundipharma (NappPharmaceutical) and CMR Surgical, the site also
provides significant longer-term development
opportunities.

Cambridge
Science Park

In 2023, OTPP and Stanhope acquired a further
property 163 Cambridge Science Park, which
occupies a prominent location on the easternside of the park and provides 10,197 sq ft of officespace. It is currently occupied by speciality
lighting company, Heraeus Noblelight Ltd andrepresents a near-term opportunity to develop
prime life sciences lab space at the park.

Use
Life Sciences

Our presence in Cambridge builds further on
our drive into prime science and tech campuses
outside London.

Role
Originate/ Design / 		
Build/Manage
StatusAsset Management/
Pre-development
Duration
2022 onwards
Partner
Ontario Teachers’ Pension
Plan
Location
Cambridge
Gross Area
131,189 sq ft
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Implementing a major overhaul of Croydon
Town Centre.
Ruskin Square is a long term project to revitalise
the central area of Croydon, adjacent to East
Croydon station, a busy transport route in andout of London. Working with Schroders andCroydon Council, Stanhope developed a plan toregenerate a large brownfield site comprising car
parking, old rail sidings and outdated buildings,
to provide the new business heart in Croydon’s
town centre, whilst improving the cultural, retail,and residential facilities available in the area.

RuskinSquare

The first phase of the build encompassed
a 22-storey residential building with 50%
affordable homes, a 200,000 sq ft office blockoccupied by HMRC, and meanwhile social anddining destination Box Park.
Building Two completed in 2023. The entire
330,000 sq ft has been prelet to the Home Office.
Two Ruskin Square has been confirmed asa pioneer project for the Better Building
Partnership’s Design for Performance Initiative.
It will be one of the first buildings in the UK to
implement this pioneering approach to officedesign and delivery, stimulating project supply
chains and providing the real-life evidence of how
the energy performance gap can be closed.
Use
Workplaces/Mixed-use/
Homes/Tall BuildingsRole
Originate/ Design / Build
StatusIn UseDuration2015 onwards
Partners
Croydon Gateway Ltd(Stanhope and Schroders
Investment Management
Ltd)
Architect
AHMM / shedkm
Location
Croydon, London
Gross area
2.2m sq ft
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76 Southbank

8 Bishopsgate
Use
Tall Buildings, Workplaces

Use
Workplaces

Role
Design/Build/Manage

Role
Design/Build

StatusIn UseStatusUnder construction

Duration2015 to 2023

Duration2019 onwards

Partners
Mitsubishi Estate London
Ltd

Partner
Wolfe Commercial
Properties Southbank
LimitedArchitectWilkinson Eyre
Location
EC2/EC3, City of London

Architect
AHMM

Gross area
933,000 sq ft

Location
Southbank, SE1
Gross Area
500,000 sq ft

Optimising the potential of a prominent site in the heart of the City.

Refurbishing and extending South Bank’s iconic IBM Building.

This 50-storey tower is a new development in the heart of the City providing
workspace, street-level retail, and a public viewing gallery on the 50th floor.

The refurbishment and extension of the IBM Building will boost theSouth Bank’s status as one of London’s most important cultural andemployment hubs.

8 Bishopsgate is the first tower to speculatively target — and now achieve —BREEAM Outstanding and EPC A rating.
The building has low embodied and operational carbon thanks to every
element being optimised from foundation materials to reduced coolingdemand. The building is powered by sustainable and smart technologies.
An AI integrated analytics platform captures, analyses and shares energy
performance, while the unique floor-by-floor air provision can be tailored tothe individual preferences of each business.
Stanhope are moving their offices into the building in 2025, fulfilling a longheld ambition to occupy one of their own developments. Moving into one of
the most operationally sustainable buildings in Central London aligns with
Stanhope’s ESG and B Corp commitments and provides the perfect base forthe team to flourish and grow in the years to come. Stanhope has also added
the asset management for this landmark scheme to its growing portfolio.

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The existing building, recently listed as Grade II, was designed by Sir Denys
Lasdun and completed in 1983. It will be respectfully refurbished andextended by Stirling Prize winning architects Alford Hall Monaghan Morris.
The proposals have been based upon significant research into the history
and architectural intent of the existing building, including the extension
elements themselves which were considered by Lasdun during the initialconcept design stage.
The design, whilst respecting the buildings heritage and historic fabric, will
deliver highly efficient and flexible modern day commercial office space ofthe highest sustainable standards. It will also provide a long term future
for the listed building, significantly improving its setting within the local
conservation area and river frontage.

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Gresham St Paul’s

Warwick Court
Use
Workplaces

Use
Workplaces
Role
Design/ Build

Role
Originate/Design/Build

StatusIn UseStatusIn UseDuration2016 to 2021

Duration2020-2022

Partner
AFIAA
Location
Gresham Street, City of
LondonPartner
Mitsubishi Estate London
LimitedArchitectWilkinson Eyre

Architect
Fletcher Priest Architects

Gross Area
240,000 sq ft

Location
Paternoster Square, EC4
Gross Area
300,000 sq ft

The sustainable reinvention and reuse of an existing 20 year old
building, to create a new product in the market.

Creating sustainable office space with unrivalled views of St Paul’sCathedral.

Gresham St Paul’s in the City of London comprises 170,000 sq ft of prime
office space over nine floors, with large terraces on the top three floors, atthe heart of the financial centre and close to St Paul’s Cathedral and otherprominent cultural landmarks.

Warwick Court involved a complete reconfiguration of the ground floor
arrival experience from Paternoster Square as well as the installation of
new plant through the building, integrating touch free services to meetthe requirements of the modern occupier. Common amenity spaces wereincorporated, including a number of individual terraces and a communal
roof terrace with unrivalled views of St Paul’s Cathedral.

As Stanhope had originally developed the building in 1998 as Schroders’HQ, following Schroders’ relocation, building owners AFIAA came to
Stanhope to optimise its repositioning working with the existing structure.
The design focussed on creating a sustainable building by reusing theexisting structure, maximising natural light through use of the latest glazing
technology, and increasing fresh air supply to offer a light and air-filledstate-of-the-art working environment. The technical specifications include
a WiredScore Platinum rating, Wi-Fi enabled café, reception and businesslounge, 254 bike and locker spaces with generous changing and shower
facilities, and it is targeting a BREEAM Excellent sustainability rating.

The building offers over 180,000 sq ft of accommodation with floorplates
ranging from 15,000 sq ft to 29,000 sq ft, suitable for a range of users frommajor trading floor operations to more agile and creative sectors.
Sustainability was placed at the heart of the brief to the architects, Fletcher
Priest Associates, whose ‘BREEAM Excellent’ scheme has seen theretention and reuse of existing finishes, acknowledging the original interior
design whilst reducing waste and offering a considerable carbon saving.

90% of the offices were prelet to occupiers including Smith & Williamson
and investment bank, Numis.
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Woolgate

70 Gracechurch Street
Use
Workplaces

Use
OfficeRole
Design / Build

Role
Originate/Build

StatusUnder Construction

StatusPre-development

Duration
2022 onwards

Duration
2022 onwards

Partner
Woolgate Exchange
Unit Trust

Partners
Ontario Teachers’ Pension
Plan

Location
City of London

Architect
KPF

Architect
Stiff & Trevillion

Location
EC3, City of London

Gross Area
501,075 sq ft

Gross area
785,000 sq ft

Green makeover for Woolgate Exchange.

A prime office building situated in the City of London.

The nine-storey building, newly named Woolgate, has been reimaginedby leading architecture practice Stiff + Trevillion to meet the needs ofmodern occupiers. This includes 345,000 sq ft of net internal area and theintroduction of a new 1,500 sq ft rooftop pavilion boasting unique views of St
Paul’s Cathedral and the City tower cluster.

In early 2022, we agreed a a joint venture with Cadillac Fairview (now Ontario
Teachers’ Pension Plan), finalising an agreement to buy 70 Gracechurch
Street, a prime office building situated in the City of London.

The renovated building will feature over 20,000 sq ft total external terrace
amenity, providing urban greening, biodiversity, and generous outdoor
space on the majority of upper floors. The current reception area leading
onto Basinghall Street will be enlarged and a new entrance will be created on
Coleman Street, complemented by a ‘pocket park’ and new retail amenity.

The site is currently occupied by a 10-storey building leased by Marks &Spencer and AXA-owned insurer XL Catlin with existing planning consent
for a 34-storey tower offering. The investment is the latest venture for the twocompanies who, in addition, have teamed up with Thomas White Oxford todeliver a £700 million innovation district at Oxford North.

The development is on track to become an exemplar for retrofit in the City andis targeting net zero carbon in both construction and operation thanks to an
ambitious reuse and retention strategy, which seeks to preserve 98% of theexisting structure. The building will be all-electric, with no fossil fuel or gas
boilers on site, and 100% green power purchase agreements (PPA) are being
used.

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We have worked with over 90 partners from the private andpublic sectors. Current partners include:

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