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4 Kingdom Street CGI

4 Kingdom Street CGI

Image: British Land

Four Kingdom Street

Address:
4 Kingdom Street, London W2 6BD
Type:
Commercial
Completion:
2017
Area:
145,200 sq ft
Viewed:
5407

Description of Four Kingdom Street

4 Kingdom Street is a 9-storey 145,200 sq ft office building development opposite to Novotel Hotel in Paddington Central, London W2.

The re-designed building has typical floorplates of 15,000 sq ft, with each floor having a large corner terrace and a glass pod designed as a creative meeting space.

The core of the building has been relocated to maximise space and efficiency, creating more flexible floorplates and greater optionality for occupiers.

The building includes a communal roof terrace which provides outside space for break-out, entertaining and sporting facilities (the highest basketball court in London), at the same time encouraging urban biodiversity.

Practical completion of the scheme was in early 2017.

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Buildington Rating & Notes

News & Comments: (10)

Buildington
2017/11/16 13:58

The remaining space was allocated to British Land's flexible office brand Storey, which is currently in active negotiations on 9,000 sq ft, representing two-thirds of their space in the building.

Source: British Land Company plc Half Year 2017/18 Results.

Buildington
2017/09/28 11:00

Sasol, the international integrated chemicals and energy company, and Mars, which makes a diverse range of products and offers services for people and pets, have taken office space at 4 Kingdom Street, reports British Land.

Sasol has signed a 10-year lease for 15,150 sq ft on the 8th floor of the building, while Mars has agreed a 10-year lease to occupy 30,300 sq ft on the 6th and 7th floors.

The two new occupiers join Finastra, the computer software firm, who recently signed a ten year lease for 42,400 sq ft over three floors.

In addition Storey, British Land’s flexible workspace brand, will take space across the fourth, ground and lower ground floors of the building. Storey caters for small and growing businesses, as well as larger organisations seeking additional space on flexible terms, in a broader campus environment with excellent amenities and enlivenment initiatives.

4 Kingdom Street, which launched in June, is 89% let or under offer at an average rent of £71 psf, 5% ahead of the pre-referendum ERV on a net effective basis. The remainder of the space is being taken by Storey.

Tim Roberts, Head of Offices and Residential at British Land, commented: “To have attracted such high quality occupiers to 4 Kingdom Street is a tremendous endorsement of the quality of the building and the work we have done to improve Paddington Central. It also shows that British Land’s campus strategy is delivering results, where a focus on providing exceptional environments around our buildings is as crucial as delivering first-rate workspaces inside them. The wider Paddington area is fast emerging as an exciting London destination for workers and visitors alike, and our long term plans for the Paddington Central campus will ensure this momentum is maintained.”

British Land has invested nearly £100 million in the construction of 4 Kingdom Street and the transformation of the public realm at Paddington Central, which has also seen the introduction of Pergola, the popular alfresco urban dining concept operating an 850-capacity restaurant and bar on the site of 5 Kingdom Street.

British Land is curating the canalside at Paddington Central to reflect the evolving demands of its customers, as well as providing a destination for Londoners and tourists to enjoy, enlivened by a year-round events programme. The campus benefits from significant regeneration in the surrounding area, as well as the Elizabeth Line which will operate from Paddington in 2018.

4 Kingdom Street is the first building to be developed by British Land at Paddington Central since it acquired the campus in 2013. Designed by renowned architects Allies & Morrison, 4 Kingdom Street provides a total of 147,000 sq ft of office space over nine floors with outdoor terraces on floors two to nine. Its roof garden is complete with a bar and London’s highest basketball court for the use of occupiers.
Paddington Central comprises 11 acres and is home to leading international businesses including Microsoft, Vodafone, Shire, VISA and Prudential.

Buildington
2017/09/12 10:13

Visit 4 Kingdom Street during Open House London 16th & 17th September. Pre-booking is required for this building.

Find out more at openhouselondon.open-city.org.uk.

Buildington
2017/06/29 16:28

British Land has let three floors at 4 Kingdom Street to software company Finastra, and the office space is now 89% let or under offer.

Finastra, formed in 2017 by the combination of Misys and D+H, develops software for financial institutions, including 48 of the world’s 50 largest banks. The company has signed a ten year lease to occupy the first, second and third floors at 4 Kingdom Street, totalling 42,400 sq ft.

The announcement follows the formal launch of 4 Kingdom Street on 28 June. The building, which provides 147,000 sq ft across nine floors, is the first building to be developed by British Land at Paddington Central. The building reached practical completion in April 2017.

On acquiring the campus 2013, British Land appointed architects Allies and Morrison to review and update an existing planning consent for 4 Kingdom Street. The revised design includes the relocation of the core to increase the openness and flexibility of the floorplates, the introduction of large outside terraces on Levels 2 to 9, and the creation of a ‘glass pod’ on each floor which provides flexible meeting space outside the main floorplate and offers views across west London.

The building also features an active roof terrace including a café, outdoor seating area and London’s highest basketball court.

Tim Roberts, Head of Offices and Residential at British Land, said: “It is a tremendous achievement to be 89 per cent let or under offer as we formally present the space to market.
“The commitment from Finastra and strength of interest in the other floors is an endorsement of our decision to re-configure the building to deliver greater flexibility, more collaborative spaces and a truly unique roof space, along with the substantial improvements we’ve made to the campus environment.

“We believe the delivery of 4 Kingdom Street is well-timed given the lack of supply in the West End market, and the arrival of Crossrail at Paddington in 2018, and hope to announce further occupier commitments in the near future.”
Paddington Central comprises 11 acres and is home to leading international businesses including Microsoft, Vodafone, Shire, VISA and Prudential.

British Land acquired part of the Paddington Central office campus for £470 million in 2013 and completed the purchase of One Sheldon Square for £210 million in 2015. Since then, the company has invested nearly £100 million in transforming of the public realm and the construction of 4 Kingdom Street.
In May al-fresco dining experience Pergola opened a new 850-capacity venue at Paddington Central, and British Land is continuing to develop a new retail and leisure offer at the campus.

Cushman & Wakefield and CBRE are the joint agents on 4 Kingdom Street. CBRE advised Finastra.

Buildington
2017/02/07 00:00

Westminster Planning Committee is discussing the application for changes at 4 Kingdom Street tomorrow 7.2.2017.

The application proposes:
Use of part ground floor and part basement of 4 Kingdom Street as shop (Class A1) and/or financial and professional services (Class A2) and/or restaurant and cafe (Class A3 ) and/or drinking establishment (Class A4) and/or business (Class B1) and/or a nursery/art gallery (Class D1) and/
or assembly or leisure (Class D2).

The applicant has confirmed that the only likely D1 uses who may take occupation of the site would be a nursery or an art gallery.

No 4 Kingdom Street is currently an approved office building (Class B1). The proposed changes of use would result in part of the ground and basement having a mixed flexible use.

Ref no 16/11058/FULL

Buildington
2016/11/17 09:17

Phase two works to bring Kingdom Street to life, with gardens and community areas, are on track to complete in time for the launch of the development at 4 Kingdom Street in Spring 2017, reports British Land. This 147,000 sq ft office development topped out in May.

Source: The British Land Company PLC Half Year Results 2016/17 www.britishland.com 16.11.2016

Buildington
2016/06/26 12:55

Four Kingdom Street office building in Paddington Central has topped out!

It will take 9 months before 4 Kingdom Street is ready for occupation.

The public realm is being enhanced with the ‘greening’ of Kingdom Street and the creation of a new public square underway. This work follows on from successful progress on our canal frontage.

British Land has (re-)designed. We modified the design of 4 Kingdom Street to give every floor outdoor space as well as a rooftop garden and entertainment space.

The campus will be more action-packed and will include boot camps, yoga, film nights, street food and pop-up stores.

Buildington
2015/11/18 14:27

4 Kingdom Street is progressing well, reports British Land. The core is now complete and they are on track for completion in early 2017.

Source: The British Land Company PLC Half Year Results 17 November 2015

Buildington
2015/02/13 11:22

British Land is now on site at 4 Kingdom Street.

Following the acquisition of the Paddington Central campus in July 2013, British Land appointed architects Allies and Morrison to review and update the design of 4 Kingdom Street which was originally granted planning consent in 2010. In 2014, Westminster City Council approved changes to the scheme which retain the consented bulk and massing, while providing increased flexibility to the office floorplates along with improved amenities for occupiers.

The re-designed nine storey building will have typical floorplates of 15,000 sq ft, with each floor having a large corner terrace and a glass pod designed as a creative meeting space. The core of the building has been relocated to maximise space and efficiency, creating more flexible floorplates and greater optionality for occupiers. The building includes a communal roof terrace which provides outside space for break-out, entertaining and sporting facilities.

Practical completion of the scheme is expected in early 2017.

Robert Samuel, Head of Office Development at British Land, said: “We are excited to be starting our development plans at Paddington Central, and are pleased with the enhanced design of 4 Kingdom Street. The campus already attracts high calibre occupiers from a broad range of industry sectors, and is increasingly seen as a natural extension of London’s West End office market.”

Buildington
2014/07/19 10:31

British Land reports that they are on track to commit to 4 Kingdom Streetin Paddington Central by the end of the year.

Source: British Land Q1 2014/15 Interim Management Statement

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