View to 40 Eastbourne Terrace from Chilworth Mews.

View to 40 Eastbourne Terrace from Chilworth Mews.

September 2020
Bike storage at the rear of the building in Chilworth Mews

Bike storage at the rear of the building in Chilworth Mews

September 2020
40 Eastbourne Terrace from Chilworth Mews

40 Eastbourne Terrace from Chilworth Mews

March 2012
View to 40 Eastbourne Terrace from Chilworth Mews.

View to 40 Eastbourne Terrace from Chilworth Mews.

March 2012
View to 40 Eastbourne Terrace building from Eastbourne Terrace

View to 40 Eastbourne Terrace building from Eastbourne Terrace

May 2011

40 Eastbourne Terrace

Address:
40 Eastbourne Terrace, London W2 3QR
Area:
Paddington
Local Authority:
Westminster
Type:
Commercial
Completion:
2023
Viewed:
12091

Description of 40 Eastbourne Terrace

40 Eastbourne Terrace is a development next to Paddington Station in London W2.

YardNine is turning the former office building into a hotel comprising a 275-bedroom Premier Inn, a 91-bedroom hub by Premier Inn and Whitbread’s premium Bar + Block Steakhouse restaurant. This is the first time all three brands will occupy the same building.

Located directly opposite London Paddington station, adjacent to the entrance to the Elizabeth Line, tenants, residents and guests will benefit from close proximity to national and local travel links, the leisure, retail and dining options of Paddington Basin and the West End, and the green space of Hyde Park.

History

The 82,000 sq ft grade A building designed by Fletcher Priest Architects was refurbished by Landsec back to the frame in 2006 with strong environmental credentials including geothermal cooling. Let in its entirety to McDermott (formerly CB&I) until 2021.

2019 - Planning application submitted for a redevelopment.

2018 - Invesco Real Estate acquired 40 and 50 Eastbourne Terrace from Landsec on behalf of one of its long-standing US separate account clients in July 2018.

Connected Companies

Architect:
Planning Consultant:
Developer:
Modular Building:
Fire Engineering:
Daylight and Sunlight Consultant:
Hotel Operator:
Project Manager:

Transport

The nearest tube, train and bus stations.
London Paddington Rail Station
Great-western-railway, Heathrow-express
Craven Road - 1 min. walking / 36 metres
46

News: (4)

Whitbread has appointed TowerEight as the Project Manager for its new 366-bedroom hotel and restaurant development opposite Paddington Station.

Tom Williams, Director at TowerEight commented: “Having worked with Whitbread since our inception in 2011 on 53 completed projects and 23 live projects, it’s great to be involved in such an exciting project in a great location. The fact that we’ll finally see Premier Inn, hub and Bar + Block in one place is a great way to demonstrate the success of our many collaborations with Whitbread on each of the brands, respectively.”

11/02/2021 10:54 by Buildington

Invesco Real Estate and YardNine have signed an agreement for lease with Whitbread for a new 366-bedroom hotel and restaurant as part of the 40 Eastbourne Terrace development.

The hotel will comprise a 275-bedroom Premier Inn, a 91-bedroom hub by Premier Inn and Whitbread’s premium Bar + Block Steakhouse restaurant. This is the first time all three brands will occupy the same building.

Whitbread has a 373-bedroom Premier Inn hotel under construction in Paddington Basin at North Wharf Gardens and a 294-bedroom hub by Premier Inn hotel coming to 191 Old Marylebone Road.

Mark Younger, Director of YardNine commented: “Despite the disruption to daily life over the last year, we are beginning to see the green shoots of normality returning, in a post-Covid environment where increased flexible working might lead more individuals to live further out from city centres, well-located hospitality assets play a key role in ensuring we can still collaborate and benefit from face-to-face meetings. Located adjacent to Paddington station, who better to partner with than Whitbread to deliver high-quality accommodation to this increasingly popular area of London.”

Richard Chambers, Senior Director – Investment Management, Europe at Invesco Real Estate, added: “Eastbourne Terrace is a truly unique development in the heart of Paddington. The asset’s strong real estate fundamentals mean we are confident in the ability to attract the best tenants and operators, brands and covenants, as development progresses. This is demonstrated today with Whitbread, who is a well-known, leading operator. As a long-time investor in hotels, Invesco Real Estate believes strongly in this sector especially given its attractive long income attributes coupled with the combination of a strong brand and operator covenant. We are delighted to be working alongside YardNine and Whitbread as we continue to realise the full potential of Eastbourne Terrace.”

Jonathan Langdon, Acquisitions Manager for Central London at Whitbread, commented: “Our business strategy is to invest in locations where we expect to see strong, long-term demand for our Premier Inn and hub by Premier Inn bedrooms. Paddington is one such market where we see this opportunity for strategic growth. The 40 Eastbourne Terrace development brings our three leading brands together in one building and grows our presence in the Paddington catchment to over 1,000 bedrooms. It is a fantastic addition to our network of hotels in central London and demonstrates our confidence in the future success of the capital.”

Construction is expected to start in Q2 2021. The hotel is anticipated to open in late 2023.

02/02/2021 20:20 by Buildington

Westminster Council's planning committee is preparing to grant conditional permission for the redevelopment of 40 Eastbourne Terrace in a meeting that takes place on Tuesday 17th of September 2019.

The planning application was submitted for the demolition of top floor and erection of replacement floor plus one-storey extension, rear extensions, and replacement facades with external alterations for use as a 366-bed hotel (Class C1) with flexible use at part of the ground floor for restaurant/hotel use (Class A3/C1).

Architect: Sheppard Robson, Planning Consultant: Gerald Eve.

Find out more at committees.westminster.gov.uk; Planning ref. no. 19/03058/FULL.

08/09/2019 21:38 by Buildington

Hermes Real Estate has purchased 40/50 Eastbourne Terrace Paddington from Westlink Global Investments Ltd for £76 million.

Source: PropertyMall.com

21/06/2011 18:33 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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