Hanover Square Estate is a 205,000 sq. ft. development at Hanover Square, in the West End.
The mixed-use development on a premier garden square that comprises 18 Hanover Square, a new 9-storey building incorporating the eastern entrance to the Elizabeth Line’s Bond Street station; a separate building 1 Medici Courtyard containing 33,300 sq ft of offices above 31,000 sq ft of new flagship retail units on New Bond Street; 6 luxury residential apartments totalling 12,700 sq ft at 14 Brook Street.
Hanover Square development is a 1.3-acre mixed-use scheme comprising:
18 Hanover Square - a 9-storey building incorporating the eastern entrance to the Elizabeth line’s Bond Street station. 144,500 sq ft (133,900 sq ft offices; 10,600 sq ft retail). 57,200 sq ft (47%) of the office space was pre-let to international investment firm Kohlberg Kravis Roberts & Co. Partners LLP.
Building at the junction of New Bond Street and Brook Street containing 33,300 sq ft offices; 31,300 sq ft retail; 12,200 sq ft residential (6 units). For sales please see 14 Brook Street development profile.
20 Hanover Square - 8,300 sq ft of restaurant space and 6,300 sq ft of offices in the Grade II listed 20 Hanover Square.
The development scheme is owned in 50:50 joint venture, Great Portland Estates with the Hong Kong Monetary Authority (The GHS Limited Partnership).
2019 July - The scheme is 53% pre-let or under offer. The construction is advancing well with the cladding complete to floor six of the main office building (18 Hanover Square). Following the pre-let of 111,100 sq ft of offices in 18 Hanover Square to KKR and Glencore, interest in the remaining office space across the scheme continues to be strong. Furthermore, following the launch of the marketing for the Bond Street retail space, we now have 5,000 sq ft of the retail units under offer at rents 11.5% ahead of the March 2019 ERV. The project is expected to deliver a profit on cost of 20.9%.
2019 March - Following the pre-let of 57,200 sq ft of offices in 18 Hanover Square to KKR in 2018, in March 2019 GPE pre-let a further 53,900 sq ft to Glencore UK Limited, the global natural resource company. Glencore will occupy the second to fourth floors on three separate 20-year leases (no breaks).
Site & Location
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.