Derwent London has now committed £14m for the detailed design of the next major development - 293,000 sq ft at 19-35 Baker Street W1.
The building contract will be tendered early in 2021 ahead of commencing work on-site in the second half. Completion is set for 2025.
For more details please see Derwent London plc 2020 Third Quarter Business Update at derwentlondon.com.
06/11/2020 10:51 by Buildington
Derwent London is anticipating commencing on their next major development at 19-35 Baker Street W1 in 2021. The site has planning permission for 293,000 sq ft mixed use and is expected to complete in 2025.
"Covid-19 may have tempered our short-term growth but ongoing developments ensure that the portfolio is still strongly reversionary and we remain in a good position to benefit once the economy improves," reads the group's Interim Results for 2020.
12/08/2020 12:47 by Buildington
Derwent London has started the design, pre-construction and procurement work on their 19-35 Baker Street site, which is likely to commence in 2021.
Via Derwent London Q3 Results 2019 derwentlondon.com.
07/11/2019 09:43 by Buildington
Westminster Council has recently granted planning permission for the redevelopment of 19-35 Baker Street to create a mixed-use scheme providing offices, retail and up to 51 residential units designed by Hopkins Architects.
Westminster Council planning application ref. no. 16/11376/FULL. Visit westminster.gov.uk/planning for more information.
07/04/2019 09:20 by Buildington
Amazon Fashion Pop-Up shop is at 35 Baker Street from 23rd-27th October 2018. Find out more at amazon.co.uk/amazonfashionhosts.
24/10/2018 10:36 by Buildington
City of Westminster has resolved to grant planning permission for the mixed-use development at 19-35 Baker Street, reports Derwent London.
19-35 Baker Street W1 is held in a joint venture, in which Derwent London has a 55% share, with The Portman Estate. This scheme will comprise c.293,000 sq ft of net lettable space.
John Burns, Chief Executive Officer of Derwent London, commented: “We are delighted that, with our partners The Portman Estate, we have the opportunity to make a further contribution to the revitalisation of the area.”
Oliver Fenn-Smith, Property Director of The Portman Estate, added: “These are exciting proposals for this key site in Baker Street and we look forward to working alongside Derwent London as they bring their expertise to this area of Marylebone.”
28/11/2017 07:46 by Buildington
05/04/2012 02:28 by Buildington