Marble Arch House
Marble Arch House is a new mixed use building on the corner of Seymour Street and Edgware Road, within Portman Village and a short walk from Oxford Street and Hyde Park.
The former buildings on the site consisted of two mixed use five storey buildings, 32-50 Edgware Road and 62-64 Seymour Street.
The new development has been designed by Bennett's Associates Architects and will deliver exceptional quality office, residential and retail space. The development has been designed to achieve a BREEAM excellent environmental rating.
The new building will comprise 60,000 sq ft of high quality office accommodation together with 15,000 sq ft of retail space.
Adjacent to the new office building will be a development of ten luxury residential apartments with a 5,000 sq ft restaurant unit at ground level built behind the retained period Victorian facade of 62-64 Seymour Street.
The total cost of development (excluding land and interest) is expected to be around £40 million.
Demolition and ground works started in mid-2011 with practical completion in mid-2013. On completion of the development, British Land will be granted a new 125 year leasehold interest on the commercial element of the development and a separate long leasehold on the residential units.
The acquisition of Marble Arch House for re-development adds further to British Land's significant central London office development programme. These developments, which will deliver 2.2 million sq ft of high quality space in London by 2014, include: a new 700,000 sq ft building for UBS at Broadgate; the 610,000 sq ft Leadenhall Building in London's insurance district; and the 500,000 sq ft NEQ building, which will complete the Regent's Place estate in the West End. The aggregate development cost, including land and interest is expected to be £1.5 billion, of which British Land's share is £1.0 billion.
Commenting on the acquisition, Tim Roberts, Head of Offices at British Land said, “We are pleased to have secured yet another great development opportunity on The Portman Estate. Marble Arch House will offer high-quality accommodation at a time when supply will be limited in a West End location which is being regenerated.”
Gareth Clutton, Chief Executive of The Portman Estate, said: “There was a great deal of interest in this development opportunity but British Land's proposal eclipsed the others and we are delighted to work with them again on this their third major transaction on The Portman Estate” CBRE acted for The Portman Estate and Cushman & Wakefield for British Land.
2020 December - Allianz Real Estate acquires 3 buildings from British Land in Marylebone, including Marble Arch House.
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.