Key Details

Overview

70 Broadwick Street is a mixed-use development in Soho, London W1.

The building provides 54,100 sq ft of office accommodation let to the National Magazine Company (parent company Hearst Corporation), eleven apartments and a large basement car park.

The property includes over 11,000 sq ft of residential space.

The existing building dated back to the 1970s and has been used as offices, retail and residences on 5th and 6th floors.

History

2019 June - Planning permission granted for the redevelopment designed by BuckleyGrayYeoman.

2017 December - Westminster City Council grants planning permission for:
Demolition and rebuilding of the part first, second, third and fourth floors, full demolition and rebuilding of fifth and sixth floors and the erection of a seventh floor for office use, use of part first and part second floors as nine residential units incorporating winter gardens and a new retail unit at ground floor level on Ganton Street. External alterations to the whole building, including new facades. Associated cycle parking and a vertical garden at first to third floor incorporating public art. Installation of new plant and photovoltaic panels and green roof at roof level. Ref. no. 17/07828/FULL.

December - LGIM Real Assets sells 72 Broadwick Street scheme to Shaftesbury plc for £87 million.

2015 January - Acquired by LGIM Real Assets in January 2015 for £67 million as the first purchase for its office joint venture partnership between Legal & General Capital and Dutch pension fund manager, PGGM. Acquired from the University Superannuation Scheme. Arbrook Land was then managing the future redevelopment, situated on an island site fronting Broadwick Street and Carnaby Street, for Legal & General Capital and Dutch pension fund manager PGGM.

References:
1. Westminster City Council planning westminster.gov.uk/planning