18 Hanover Square

Mayfair W1S
E
Mixed use building

Key Details

Address
18 Hanover Square, London W1S 1JY
Local Area
Mayfair
Local Authority
City of Westminster
County
Greater London
Country
England
Completion
2020
Storeys
9
Size
221300 sq ft
Buildings
1
Flats
6
Use Classes
E
Website

Overview

18 Hanover Square is part of the Hanover Square Estate, a 205,000 sq. ft. development at Hanover Square in Mayfair, London W1.

The mixed-use development on a premier garden square comprises 18 Hanover Square, a new 9-storey building incorporating the eastern entrance to the Elizabeth Line’s Bond Street station; a separate building 1 Medici Courtyard containing 33,300 sq ft of offices above 31,000 sq ft of new flagship retail units on New Bond Street; 6 luxury residential apartments totalling 12,700 sq ft at 14 Brook Street.

Hanover Square development is a 1.3-acre mixed-use scheme comprising:

18 Hanover Square - a 9-storey building incorporating the eastern entrance to the Elizabeth line’s Bond Street station. 144,500 sq ft (133,900 sq ft offices; 10,600 sq ft retail). 57,200 sq ft (47%) of the office space was pre-let to international investment firm Kohlberg Kravis Roberts & Co. Partners LLP.

Building at the junction of New Bond Street and Brook Street containing 33,300 sq ft offices; 31,300 sq ft retail; 12,200 sq ft residential (6 units). For sales please see 14 Brook Street development profile.

20 Hanover Square - 8,300 sq ft of restaurant space and 6,300 sq ft of offices in the Grade II listed 20 Hanover Square.

The development scheme was owned in 50:50 joint venture, Great Portland Estates with the Hong Kong Monetary Authority (The GHS Limited Partnership).

History

2019 July - The scheme is 53% pre-let or under offer. The construction is advancing well with the cladding complete to floor six of the main office building (18 Hanover Square). Following the pre-let of 111,100 sq ft of offices in 18 Hanover Square to KKR and Glencore, interest in the remaining office space across the scheme continues to be strong. Furthermore, following the launch of the marketing for the Bond Street retail space, we now have 5,000 sq ft of the retail units under offer at rents 11.5% ahead of the March 2019 ERV. The project is expected to deliver a profit on cost of 20.9%.
2019 March - Following the pre-let of 57,200 sq ft of offices in 18 Hanover Square to KKR in 2018, in March 2019 GPE pre-let a further 53,900 sq ft to Glencore UK Limited, the global natural resource company. Glencore will occupy the second to fourth floors on three separate 20-year leases (no breaks).

Source: gpe.co.uk

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Site & Location

Birrd's eye view of 18 Hanover Square building. The Crossrail Bond Street station entrance is in this building, accessible from Hanover Square.

Transport

TUBE
Oxford Circus Underground StationBakerloo, Central, Victoria
BUS
Conduit Street / Savile Row22, N22

Team

Company
Type
Year
Main Contractor
WSP
Structural Engineer

Timeline

News, events, milestones and offers from the new development
+ Post a new milestone

News from the companies

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Disclaimer

Information on this page is for guidance only and remains subject to change. Buildington does not sell or let this property. For more information about this property please register your interest on the original website or get in touch with the Connected Companies.