Pret A Manger, represented by international real estate advisor Savills, has acquired a retail unit in the Centre Point development.
Pret A Manger has agreed to a new 15-year lease for the 2,712 sq ft (252m2) ground floor unit. The chain currently has 328 shops throughout the UK, including 30 which opened in 2016, and plans to open around 30 more this year.
Located close to Soho, Fitzrovia, Bloomsbury, Covent Garden and the future Crossrail Tottenham Court Road station, the redeveloped Centre Point will feature 48,000 sq ft (4,459m2) of retail space, 82 apartments and a new public square. It is due for completion late 2017.
Lance Marton, director in the Central London retail team at Savills, added: “We are pleased to have secured this opportunity for Pret within the iconic Centre Point, as part of its ambitious growth plans.”
Almacantar was represented by Bruce Gillingham Pollard.
10/02/2017 08:32 by Buildington
Event and restaurant caterer Rhubarb will be opening at Centre Point in late 2017.
Rhubarb’s all-day restaurant will occupy the main floor of the bridge link at Centre Point and will overlook the capital’s newest square and Oxford Street.
SAY Architects have been appointed to create a bold and vibrant interior, which will feature digital art to reflect Rhubarb’s “creative and innovative approach to hospitality”.
PB Jacobse, managing director at Rhubarb, commented: “We are delighted to be developing another distinctive new food and drink concept in what is one of the London’s most iconic buildings.
“Sky Garden at 20 Fenchurch Street in the City trades beyond expectations and Centre Point provides us with
?another opportunity to create an engaging and innovative concept, this time in the West End.”
Kathrin Hersel, property director at Almacantar, said: “Rhubarb’s focus on creativity and exceptional quality perfectly complements our rejuvenation of Centre Point. When Centre Point opens next year, it will be Central London’s finest destination.”
Rhubarb recently announced it secured a six-year extension deal at its Royal Albert Hall contract worth £90m.
The caterer’s portfolio includes the Sky Garden at 20 Fenchurch Street, Royal Albert Hall, Saatchi Gallery, Heathrow Terminal 3 and Terminal 5, London City Airport, Royal Ascot Racecourse and most recently the £60m catering contract at the Goodwood Estate in West Sussex.
13/01/2017 08:59 by Buildington
The 34-storey building was built using prefabricated units of Portland stone and each honeycomb shape was transported from Portland to London on the back of a lorry. “It is concrete with marble dust that sparkles in the light,” said Tim Bowder-Ridger, the chief executive of Conran + Partners, to The Times. It sparkles again now that the concrete has been cleaned — a task that took 10,000 hours.
Source: Centre Point: from brutalism to towering beauty, Carol Lewis, The Times 18.11.2016 www.thetimes.co.uk
21/11/2016 08:35 by Buildington
Three new editions of the iconic Original 1227™ desk lamp by renowned British print designers Anglepoise® will now feature patterns by Centre Point partner Eley Kishimoto. The patterns on the lamp come from a set designed by Eley Kishimoto which will form the basis for numerous collaborations, of which Anglepoise® is the first.
Three patterns – Private Views, Urban Meadow and Central Link – are printed on the interior of each lampshade, evoking the interplay of shadow and sunlight on the distinctive geometric façade of Centre Point. This collaboration represents the coming together of two modernist icons – the building that captured the creative spirit of the 1960s, and the lamp that has become a British design classic, timelessly combining form with function.
Simon Terry, innovation and brand director of Anglepoise®, says: “We were drawn to this project not least because of its association with a landmark building that demands to be heard as well as seen, but also because it allowed us to develop challenging new technical skills - for the first time applying a complex geometric pattern onto the inside of the shade - working in association with Eley Kishimoto, the globally renowned Patron Saints of Print.”
Mark Eley of Eley Kishimoto is equally delighted with the results: “When creating the prints for this project we were inspired by the aesthetic of the building. The repetitive, geometric, monochromatic patterns represent Centre Point’s iconic 1960s architecture. It’s exciting to see them perfectly reproduced onto the Anglepoise® lamps – no mean feat in itself.” The three Original 1227™ Desk Lamps
– Private Views, Urban Meadow and Central Link Editions – are available to order (£200 RRP) at the Anglepoise® stand at Clerkenwell Design Week and from the online shop www.anglepoise.com/shop.
See more at: http://www.centrepointblog.com/blog/centre-poise#sthash.KuMcgj78.dpuf
20/05/2015 10:41 by Buildington
"Centre Point’s tower is now being wrapped as the refurbishment and conversion works commence. In two years’ time, when these works are complete, what will be exposed is our approach to restoring Centre Point’s personality."
- Tim Bowder-Ridger, Conran & Partners, Centre Point Blog May 2015. Read more at: http://www.centrepointblog.com/blog
16/05/2015 10:11 by Buildington
London’s landmark Centre Point begins its revival at the east end of Oxford Street. Property development and investment company, Almacantar, will create 82 exclusive residential apartments and a new destination for London, complete with innovative retail and restaurant space and centred on a new public piazza with an open air terrace overlooking the piazza and New Oxford Street.
Developed by property tycoon Harry Hyams in 1966, Centre Point has been a focal point for London since. The Richard Seifert–designed landmark can be seen from all corners of the capital and is one of London’s original skyscrapers, standing amid the city’s most historic and dynamic neighbourhoods.
During construction, the Grade II listed building will be wrapped in prints inspired by Centre Point and designed by Eley Kishimoto. Eley Kishimoto’s designs, which have featured on some of the world’s most famous catwalks for the likes of Louis Vuitton and Alexander McQueen, will encapsulate Centre Point’s 1960s design and architectural flare. The eye-catching creation, will take six months to erect and a further six months to take down.
Kathrin Hersel, Development Director, Almacantar, comments: “The start of construction at Centre Point is a pivotal moment for a scheme which has been more than three years in the making. The project will breathe new life into this landmark, giving it a sustainable and exciting future for the benefit of all Londoners and visitors to the capital. The two and half-year build programme will come to fruition in time for the arrival of the new Crossrail station at Tottenham Court Road and we are delighted to be able to play an important role in accelerating the rebirth of this central London hub.”
As well as the tower’s rebirth, the development of a retail and new public square is set to go ahead, delivering 41,780 square feet of new retail space. A series of retail outlets, restaurants, bistros and open space will be built at lower levels and inside the bridge link - a walkway that connects Centre Point tower to Centre Point House. The bridge link, with its floor to ceiling windows, and an open terrace will overlook New Oxford Street, Oxford Street and St Giles Circus from above ground level.
The route to Covent Garden from Centre Point will be pedestrianised, with Centre Point being the natural ‘hub’ between four of London’s most dynamic neighbourhoods: Soho, Covent Garden, Bloomsbury and Fitzrovia.
Contractor Brookfield Multiplex will start on site on January 26, 2015 and works are expected to finish in the second quarter of 2017. Centre Point is being transformed by Rick Mather Architects and Conran and Partners who will revive its sixties design appeal alongside cutting edge design and technology.
Kathrin Hersel continued: “Centre Point is now the focus of Crossrail which will trigger an explosion in visitor numbers to this part of the West End. We will give a much needed new lease of life to the area and turn Centre Point into a destination Londoners can be proud of, and providing a lasting legacy. We are delighted that Camden Council, English Heritage, Transport for London and Crossrail Ltd have come together to forge a future for Centre Point and the surrounding area.”
28/01/2015 11:46 by Buildington
The last drink at Paramount, the venue at the top floor of Centre Point, was served on New Year’s Day.
Read more: Restaurant with best of views of London closes its doors - Camden New Journal www.camdennewjournal.com 8. January 2015.
14/01/2015 08:19 by Buildington
Almacantar, a London-based property investment and development company, Starwood Property Trust, Inc. (NYSE: STWD) and Starwood European Real Estate Finance Limited (LSE: SWEF) today announced they have reached an agreement to refinance the existing loan at Centre Point (the “Property”), one of London’s most iconic towers. As part of the agreement, further proceeds can be drawn for the comprehensive refurbishment of the Property. Located at 103 New Oxford St., the 34-story Grade II Listed Property is one of Central London’s tallest structures and was originally constructed in 1966.
Under terms of the agreement, Starwood Property Trust and Starwood European Real Estate Finance will provide Almacantar with a £220 million first mortgage loan (the “Loan”). Starwood Property Trust will originate £180 million of the Loan and Starwood European Real Estate Finance will provide £40 million.
“Almacantar’s strategy is to reposition large-scale, complex commercial and residential assets in Central London,” said Mike Hussey, Chief Executive of Almacantar. “We are delighted to have secured the support of a single, sophisticated lender that can align a flexible loan facility with our asset plan.”
In July, Almacantar secured planning consent for a comprehensive refurbishment to transform the Property into a world class mixed use scheme. The consent is for 82 residential flats consisting of a range of apartment types as well as attractive amenities including a pool, spa and fitness facilities. Double-glazed windows that stretch from floor to ceiling will line the Property’s renewed façade. The adjoining building and the bridge that link to the tower have been approved to accommodate 41,780 square feet of innovative retail and restaurant space and affordable apartments centered around a proposed new public square.
“We are pleased to provide this financing facility to an institutional grade sponsor that has a unique vision and strategy in place to transform one of London’s premier buildings,” said Jeff Dishner, President and Senior Managing Director of Starwood Capital Group. “This loan further demonstrates our ability to source and secure compelling loan opportunities in prominent European cities.”
The Property is situated on Oxford Street at the intersection of four thriving neighborhoods: Soho, Covent Garden, Bloomsbury and Fitzrovia. It sits directly above Tottenham Court Road station, which is being upgraded to accommodate Crossrail, one of the most significant infrastructure projects ever undertaken in the United Kingdom. Upon the arrival of Crossrail in 2018, the Property will benefit from its prime location in one of Central London’s major transportation hubs. Furthermore, the Property is surrounded by several large redevelopment projects that will transform the area into a highly desirable location.
Source: Almacantar almacantar.com 1. November 2013
05/11/2013 11:30 by Buildington
Almacantar has exchanged contracts with Frogmore to acquire Frogmore's 25% stake in Centre Point, London. Following the transaction Almacantar will own 100% of Centre Point.
Almacantar and Frogmore signed the original joint venture agreement in 2011.
Mike Hussey, Chief Executive of Almacantar, said: “Frogmore provided us with essential capital at the formative stage of our business and were a great partner that knew us well. We have grown Almacantar significantly in the last two years and we now have full ownership of Centre Point as we contemplate significant further investment in the asset and in the area.”
Paul White, Chairman and Chief Executive of Frogmore said: "Our decision to partner with Almacantar to acquire a 25% stake in Centre Point in 2011 has generated strong returns for our investors and the time is right for us to exit this asset as originally planned. Together Almacantar and Frogmore have added significant value in a very short period of time and we have both achieved what we set out to do when we signed our partnership agreement.”
Source: Almacantar www.almacantar.com 27.09.2013
30/09/2013 13:19 by Buildington
Camden Council has granted the Centre Point partnership between Almacantar and Frogmore permission for a complete regeneration of Centre Point Tower.
The scheme will fill the void between Oxford Street and Covent Garden with a new destination “hub” for the centre of London.
Originally commissioned by property entrepreneur, Harry Hyams, and designed by Richard Seifert, Centre Point encapsulates the optimism, imagination and design flair of 1960s London. However, despite its iconic design and focal location, its true potential has been held back by the road system at its base and a lack of cohesion between the building use and the surrounding space.
The transformation plans will put Centre Point back at the centre of the cultural map as a place where people “arrive” to live, shop and socialise. The vision is for Centre Point’s transformation to breathe new life into the West End, with Centre Point the vibrant focal point between Covent Garden and Oxford Street.
The Crossrail development will open up the location to more people than ever before. The fast connection between Heathrow and the West End, and the expansion of Tottenham Court Road station, will effectively make Centre Point the most likely place where new visitors from around the globe will “emerge” in London – reaffirming Centre Point’s geographic and symbolic position as the epicentre of central London.
Almacantar and Frogmore are working closely with partners including Transport for London, Camden and Westminster Councils on plans to vastly improve the surrounding area in the form of a pedestrianised square that will enable Londoners, visitors and residents to enjoy this unique destination and connect Oxford street, Soho and Covent Garden.
Specifically, the plans for this phase of the redevelopment include:
- 82 residential apartments, ranging from one bed apartments to four-bed duplexes
- New shops and restaurants created by removing the mezzanine floors and recent partitions, stripping the building back to reveal more of its original design
- A new building delivering 13 affordable housing units on-site
- New shop frontages, and improvements to the brise-soleil concrete lattice work at first floor to make the building feel more transparent and welcoming
- Improvements to the building, including cleaning and repairing the iconic façade and making the building significantly more energy efficient
- A commitment from Camden and Transport for London to deliver a world class square and transport hub in the heart of the West End, making Centre Point a key connection point in the Capital
Mike Hussey, Almacantar Chief Executive, said:
“With Crossrail’s arrival, there is growing impetus behind the drive to revitalise this part of London and Centre Point has to be at the forefront of that.
“We intend to transform the way Londoners view and interact with Centre Point, while always staying true to its heritage. Our ambition is to ensure the scheme is re-established as a landmark destination that Londoners can be proud of.”
Paul White, Frogmore Chairman and Chief Executive, said:
“This is a victory for intelligent and sustainable thinking. The area has been blighted for too many years and London, looking forward to Crossrail and other huge investment, needs its arrival experience to be of the highest quality.”
Source: Almacantar www.almacantar.com 4. July 2013
08/07/2013 16:47 by Buildington
Almacantar could get the permission for the £350 million transformation of London’s iconic Centre Point into luxury flats as soon as this week.
Pointed up: Decision day looms for Centre Point, Evening Standard http://www.standard.co.uk/business/business-news/pointed-up-decision-day-looms-for-centre-point-8672747.html
27/06/2013 12:26 by Buildington
Apartment 58, the global members club for the creative industries will launch their new space at Centre Point, Soho on New Oxford Street, underneath London’s iconic Centre Point tower during London Fashion Week, February 2013.
The new 8,000 square foot, four-story club will be a space to socialise as well as work, offering members a host of exclusive facilities including: a night club, members-only meeting rooms in the building’s architecturally striking original vaults; members lockers and mail service; a young creative lounge and The Convenience Store, a design showroom showcasing 58 unique curated items by art director Andrew Ibi and Design Junction. There will also be a late-license ground floor restaurant that will be open to the public.
The Apartment 58 Centre Point will continue to be a high-tech home-from-home offering a range of services to support the highly flexible and mobile work and socialising needs of its members. This includes super-fast internet access and technical support provided by Sussed IT and access to tablets and laptops provided by Apartment 58’s partners.
“We were blown away by the response to our first London opening and this move builds on that success offering our members so much more”, said Alan Grant, co-founder of Apartment 58. “When we were offered this unique site, it really was a no brainer for us, being at the heart of London’s traditional creative community in Soho”.
The design by Michael Sodeau Partnership in conjunction with Design Junction takes references from the simple and clean interior design of the original Apartment 58 in Soho’s Poland Street, married with Centre Point’s Grade II listed 1960s interiors designed by Richard Seifert, and will be furnished in mid-century design classics.
The new space follows the success of the first Apartment 58 on Poland Street, which opened in March 2012 with an exclusive launch event hosted by key members of the Advisory Committee including Nicholas Kirkwood, Asif Khan and Lily Vanilli and welcomed fashion heavy weights including Louise Gray, Richard Nicoll, Olivier Zahm to a live streamed gig with The Noisettes, parties with Friendly Fires and a visit from One Direction. Apartment 58 soon outgrew its original home and popped up at Design Junction London and The Old Vic Tunnels during 2012′s Frieze art fair with Lazarides Gallery that saw a secret gig from Azealia Banks, and backstage at 2012′s British Fashion Awards.
Comprised of like-minded individuals who share the same passion for creativity, Apartment 58 at Centre Point, Soho is set to become a global institution for the next generation of artistic leaders.
23/01/2013 00:09 by Buildington
Planning permission sought for:
Change of use of Centre Point Tower from office (Class B1) and restaurant/bar (Sui Generis) to residential (Class C3) to provide 82 self contained flats (16 x one bedroom, 37 x two bedroom, 26 x three bedroom, 2 x 4 bedroom and 1 x 4 bedroom duplex) and ancillary residential floorspace (spa, gym, pool and club); change of use of Centre Point Link from office (Class B1) and bar (Class A4) to a flexible retail/restaurant/bar use (Class A1/A3/A4) and the erection of a ground floor extension partially infilling under the bridge link; change of use of Centre Point House at first and second floor levels from office (Class B1) to flexible retail/restaurant/bar use (Class A1, A3, A4); alterations and extensions to the existing building at ground floor level to provide flexible retail/restaurant/bar use (Class A1, A3, A4).
Application no.: 2012/2895/P
Received: week of 18.06.2012
Source: Camden Council www.camden.gov.uk/planning
29/06/2012 01:32 by Buildington
The 117m-high tower will be converted into 82 apartments. Reviving the ageing landmark – labelled a "flawed icon" by Almacantar's development director, Kathrin Hersel – will cost some £350m.
Source: The Independent http://www.independent.co.uk/news/business/news/piazza-and-apartments-to-bring-new-life-to-brutalist-centrepoint-in-350m-makeover-7669069.html
23/04/2012 12:19 by Buildington
Actor Matt Smith's favourite building!
From today's ES Magazine:
If you could live in any building which would it be?
Centre Point for the views. I'd decorate each floor with a different theme.
16/12/2011 23:41 by Buildington
Frogmore has purchased a 25% share in Centre Point, the tower block that has been earmarked for residential conversion. Read the full story in PropertyWeek.com http://www.propertyweek.com/frogmore-seals-centre-point-deal/5027124.article
02/11/2011 13:50 by Buildington