May 2011

Burlian House

Address:
80 Bond Street, London W1C 2HX
Local Authority:
Westminster
Type:
Commercial
Viewed:
6168

Description of Burlian House

Burlian House is a 13 500 sq ft office building with retail premises on Oxford Street, London W1.

The 37,414-square-foot building arranged over lower ground, ground and five upper floors is uniquely positioned with dual frontage on to both New Bond Street and Oxford Street (80 New Bond Street & 325 Oxford Street), making it one of the most desirable micro-locations and sought-after properties in central London.

History

2020 November - Virtual briefing is held on Thursday 19th November 2020 to introduce the plans for the redeveloping of 80 Bond Street.

2020 February - Hines, the international real estate firm, acquires the flagship mixed-use retail and office scheme in the heart of London’s West End on behalf of the Hines European Value Fund 2 (HEVF 2). Acquired from Aviva Investors for an undisclosed sum, the building was multi-let to four tenants with vacancy available as of August 2020. Hines plans to embark on a comprehensive reconfiguration and refurbishment to enhance and reposition the asset as flexible, best-in-class, prime retail space on the lower floors, with prime grade A office space above.

Jake Walsh, Director, Hines UK, said, “Oxford Street and Bond Street are among the world’s most iconic and popular retail streets. With the eagerly anticipated adjacent Hanover Square Development completing later this year and the delivery of Crossrail on the way, this location is positioned to capitalize well on localized trends, and will be a unique shop window for any global brand in an unparalleled location.”

Paul White, HEVF 2 fund manager, said, “This is a fantastic flagship acquisition for HEVF 2. It epitomizes the HEVF series philosophy of sharp focus on prime locations in prime markets, and on assets that the Hines in-house skillset can actively improve to create new core real estate. When we are finished with this building it will be a mixed-use trophy in arguably the best retail location in Europe, and offering coveted Mayfair office space. We’re excited, and backing our high conviction in the London opportunity today.”

Gary Sherwin, Head of UK Transactions, Aviva Investors, said, “The fund in which the property is held is increasing its allocations into assets with secure income streams, including pre-let office and hotel investments in Cambridge and Manchester, which are key locations in our real estate investment strategy. We continue to have an appetite for prime retail assets in cities with strong economic fundamentals, including those that are attractive tourist and leisure destinations. However, we will sell properties when we can achieve an attractive return for our clients and believe the proceeds can be better redeployed elsewhere, including our strong pipeline of office development opportunities in London. The sale of this asset met our objectives through a competitive bidding process.”
Hines was advised by Savills and Aviva Investors was advised by Knight Frank.

Connected Companies

Developer:
Communication:

Transport

The nearest tube, train and bus stations.
Bond Street Underground Station
Central, Jubilee
New Bond Street
159, 7, 94, 98, N207, N7, N98, 139, N113

News: (1)

Virtual Briefing

A virtual briefing will be held on Thursday 19th November at 17:00 to introduce plans for the site at 80 Bond Street (325-329 Oxford Street).

Hines UK is preparing an application to partially redevelop and reposition the existing building at 80 New Bond Street, introducing a new façade, two new additional floors, and reworked interior floorplates that will deliver modern, high-quality office and more efficient retail space.

As part of the redevelopment, Hines will:
- Retain the majority of the existing structure
- Create a new high-quality façade that is more visually appealing whilst making use of the existing structure
- Introduce a two-storey roof extension that will provide new, high-quality office space. The extension will step-back to reduce the impact of the additional massing
- Design a new high-quality office entrance on Dering Street
- Rework the floorplates to provide more efficient retail and office floorplates, maximizing the site’s potential
- Improve the shopfronts to make them more attractive and welcoming
- Deliver a new roof terrace on the 8th floor to act as a breakout space for office tenants
- Introduce a strict operational management plan to limit the impact of the roof terrace of nearby neighbours
- Improve the building’s sustainability credentials by targeting a BREEAM standard of Excellent, with aspirations to achieve Outstanding

Hines is committed to achieving a BREEAM rating of Excellent as a minimum, with aspirations to achieve Outstanding. This will be achieved by:
- Reducing Operational Emissions by 35%
- Reducing water usage by approx. 40%•Diverting 95% of non-hazardous demolition waste away from landfill
- Targeting an Urban Greening Factor of 0.3

Hines is also committed to improving biodiversity in the area, as the site is located along the green corridors identified in the ‘Wild West End’ program. As a result, they are proposing to introduce greening on the 7th floor and roof terraces, increasing biodiversity in the area. The proposed greening will be in-keeping with the Wild West End vision to attract target species in the area.

If you would like to attend this briefing, please register your interest by getting in touch [email protected]

12/11/2020 11:23 by Buildington

*DISCLAIMER! 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.

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