Blackstone, the leading global alternative asset manager, has unveiled plans for a purpose-built European headquarters in Berkeley Square, London W1.

Having invested extensively in Europe for over 20 years, including in companies such as Bourne Leisure, Mileway Logistics, Sage Homes and Esdec Solar, the move solidifies its growth ambition in Europe.

The company has poured over $27bn into 88 UK-based firms in two decades, sustaining 40,000 jobs. Blackstone's London staff now stands at over 500, a two-fold increase in three years.

The upcoming 226,000 sq ft, 10-storey headquarters will rise on the present Lansdowne House site. The project, overseen by CO—RE and acclaimed architect AHMM, aims to finish by 2028. This development, granted planning approval, will feature 1,800 workspaces, 14,000 sq ft of retail area, and revamped public spaces around the square's southern perimeter.

Prime Minister Liz Truss MP, commented: “Blackstone’s decision to move into new and expanded European headquarters in London is a resounding vote of confidence in the United Kingdom as Europe’s leading financial centre.

“Blackstone backs firms that supports tens of thousands of British jobs and I am confident that our growth plans will ensure we become an even greater country in which to invest and do business.”

Stephen A. Schwarzman, Chairman, CEO and Co-Founder of Blackstone, added: “It is a source of great pride that Blackstone has been one of the largest foreign investors into the U.K. since we moved to Berkeley Square over 20 years ago. I am delighted to announce our plans to stay on the square and occupy the redeveloped Lansdowne House, providing our people with the platform to continue investing in the industries of the future and building great companies across Europe.”

Bradley Baker, CEO of CO—RE, said: “This is a real boost for London’s commercial property market and an important endorsement for UK plc. It proves that our city remains an attractive destination for the world’s biggest businesses so long as we can continue to provide them with the very best places to work.

“Occupying the entire southern end of one of London’s most famous garden squares, the redeveloped Lansdowne House will represent the future of the office by meeting the highest possible design and sustainability standards. We’re very proud that Blackstone will make it their new home.”

Back to Lansdowne House profile.