255-year-old gallery Colnaghi is relocating from its current premises on Old Bond Street to open a larger gallery at 26 Bury Street.
At the new gallery, Colnaghi will present international Old Master paintings, sculptures and drawings, with the company’s celebrated and treasured library sitting at the heart of the building. The new space will comprise of several exhibition areas and will have a window onto Bury Street at ground level.
Colnaghi will continue at its current premises on Old Bond Street until it moves to Bury Street during the first half of 2016.
“In its long history, the gallery has decided to move several times to places which better suited its purpose”, says Konrad Bernheimer, Chairman of Colnaghi. “St James’s sits at the heart of the London art market, and The Crown Estate, the major real estate owner in the area, has been extremely supportive of this, with initiatives such as London Art Week. We are very grateful that they offered us these magnificent premises on Bury Street. The increased size of the gallery and its bespoke design will allow us to have several exhibition spaces and will offer us far greater versatility in presenting a wider range of artworks. I am also delighted that for the first time in many years Colnaghi will have a large window at street level, which I’m sure will attract even more visitors to the gallery.
“As Colnaghi enters a historic new chapter and returns to St James’s 100 years after moving from Pall Mall to Mayfair, I am looking forward to maintaining Colnaghi’s pre-eminent position in the art world and to inspiring future generations of collectors from a magnificent new gallery in St James’s.
I am also committed to contributing to the success of St James’s as the premier destination in London for art lovers from around the world.”
Anthea Harries, St James’s Portfolio Manager at The Crown Estate said: “Colnaghi is a true specialist in its field so we’re delighted that they have chosen the new accommodation we’re creating at 26 Bury Street for the latest iteration of this world renowned gallery. The new gallery will be a wonderful attraction for the area.”
With a portfolio of over 4 million ft2 of commercial and residential accommodation, Crown Estate is the largest property owner in St James’s. The business is in the process of delivering a £500 million investment in the portfolio over 10 years, upgrading the accommodation within the historic buildings they own to meet the requirements of 21st century occupiers. As part of this strategy, they are focused on maintaining the area’s position as a premier destination for fine art and antiques, which are important parts of St James’s heritage.
St James’s is home to a selection of notable galleries and art dealerships including Agnew’s, Bernard Jacobsen, Christie’s, Johnny van Haeften, Fabrizio Moretti, Stoppenbach & Delestre, Rupert Wace and White Cube.
The refurbishment of 26 Bury Street, due to complete later this year, will provide six floors of office space, covering over 10,300 ft2. A new residential development, fronting St James’s street, complements the scheme.
The Crown Estate has appointed Bouygues UK as the main contractor for the redevelopment of 29-30 St James's Street and 25-27 Bury Street. A building agreement with Network Housing Group has been signed to provide new homes at Grosvenor Road, Pimlico.
The building agreement at Grosvenor Road will see 17 high quality homes constructed, including 12 intermediate homes. Once the redevelopment works are completed, Network Stadium, part of Network Housing Group, will continue to manage the new properties through a Crown Estate lease, whilst we will retain freehold interest.
The redevelopment of 29-30 St James's Street and 25-27 Bury Street will provide five apartments, as well as new retail and office space.
These schemes, set to complete in 2015, form part of the £450m St James's Market project, which includes a further a residential development for seven apartments and three new mews houses at Cleveland Row and Russell Court and the commercial redevelopment of two blocks between Haymarket and Regent Street in partnership with Oxford Properties.
Incorporating all its residential sites, St James's Market is set to provide 32 new homes.
Alastair Smart, Head of Development said:
"We are delighted to be working with Bouygues to ensure that St James's retains its residential character, and also to have partnered with Network, whose experience will be important to delivering much needed, intermediate housing. These announcements demonstrate that all the elements of our St James's Market scheme are continuing to make good progress."
Helen Evans, Chief Executive at Network Housing Group, said: "We are thrilled to be working with The Crown Estate to be developing these much-needed affordable homes in such a central location. Five homes will be available for private sale and 12 will be offered below market rent for working Londoners who would otherwise be priced out of the local area."
Arnaud Bekaert, London and South East Managing Director at Bouygues UK said: "We are extremely pleased to have been selected by The Crown Estate to deliver these projects and are proud to be part of the redevelopment of the St James's Market scheme. Our team has extensive experience in delivering schemes such as these and we are all looking forward to working closely with The Crown Estate to help them to realise their vision for the area."
Source: The Crown Estate www.thecrownestate.co.uk March 26 2014