St James's Market

Formula 1 will be relocating its global HQ to St James’s Market, reports The Crown Estate.

Formula 1 will be taking nearly 21,000 sq ft over the fourth and fifth floors in No 2 St James’s Market, joining The Carlyle Group and The Crown Estate, who will both be relocating their London HQ’s to St James’s Market this year.

Oliver Smith, Senior Asset Manager at The Crown Estate commented: “Attracting a world-leading business like Formula 1 is a great endorsement of our vision to create a prestigious new business address in the heart of London’s West End. We are delighted to welcome Formula 1 to St James’s Market and look forward to building a long-term partnership with them as we continue to deliver our investment programme for St James’s.”

Chris Carter Keall, Vice President and Head of Asset Management at Oxford Properties added: “We are delighted that Formula 1 has chosen to locate within St James’s Market, a decision that is underpinned by the quality of the building, location and excellent amenities that are being delivered by the partnership at St James’s Market. It has been a transformational development creating a new public space to enjoy for occupiers and the community alike.”

Sacha Woodward Hill, General Counsel at Formula 1 said: “We’re pleased to be opening our new global HQ in St James’s Market. Formula 1 is a global sport, attracting audiences of 400 million, and London is the perfect place to grow our international fan base. The new space will accelerate our business transformation and help us to attract the best talent as we move forward.”

With only one retail unit still available, leading brands confirmed include: premium British brand, Jigsaw; Aspinal of London’s flagship store; Swiss cycling brand ASSOS and Paul and Shark’s first stores in the UK; and iconic design and lifestyle brand SMEG.

The Crown Estate www.thecrownestate.co.uk