Marcol House

Maryllebone W1G
Commercial building

Key Details

Address
33 Margaret Street, London W1G 0JD
Completion
December 2012
Size
103700 sq ft
Buildings
1

Overview

Marcol House is a commercial building at 289-293 Regent Street, 295 Regent Street and 33 Margaret Street in London W1.

The existing buildings on the site are 289-293 Regent Street (Marcol House) and 295 Regent Street, both of which are grade II listed buildings, and 33 Margaret Street. Marcol House and 295 Regent Street comprise five commercial storeys with a double mansard roof. 33 Margaret Street varies in height between three and five storeys. [1]

2011 - Construction commenced.
2011 December - First pre-let secured for 64,150 sq ft.
2012 March - Second pre-let secured for remainder of building. International real estate adviser Savills takes a new pre-let at 33 Margaret Street for occupation in early 2013. Savills will move its West End teams, currently based at offices in Lansdowne House and Grosvenor Hill, to the new premises in early 2013. It will occupy the majority of the building taking five floors, equating to circa 64,000 sq ft (5,945 sq m).

2012 December - Building completed and the leases commenced.

Project statistics:
- 79.8% Profit on cost
- 49.8% Project ungeared IRR
- £73.25 Average office rent per sq ft
- £7.0 million Pre-let office rent
Source: Annual Report 2013 Great Portland Estates

Sources:
- [1] london.gov.uk
- Great Portland Estates www.gpe.co.uk

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Site & Location

The 0.18 hectare site is located at the corner of Regent Street and Margaret Street, approximately 200 metres north of Oxford Circus.

Transport

TUBE
Oxford Circus Underground StationBakerloo, Central, Victoria
BUS
John Prince's Street / Oxford Circus - 1 min. walking / 14 metres113, N137

Team

Company
Type
Year
Architect
Main Contractor

Timeline

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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.