Real Estate Management (UK) Limited, on behalf of the owners of Park House, has confirmed that London Executive Offices LEO, the serviced office provider, has agreed a 15 year lease to take 31,949 sq ft (2,968 sq m) of space at Park House, W1.
The building is now fully let and LEO will occupy the top two floors – seven and eight – of the building creating a new luxury space to meet customer demand for high quality office accommodation in Mayfair.
Park House is the newest addition to LEO’s impressive portfolio of 38 locations, which includes both contemporary and traditional buildings.
Michael Baker, Chief Executive Officer of REM, the asset manager comments: “London Executive Offices is an excellent addition to the Park House community and, given the exceptional buildings within their portfolio, is a ringing endorsement of the high-quality space in Park House. A serviced office provider offers our occupiers and residents an additional amenity with well-equipped meeting rooms and flexible desk space available for rent. Following completion of the letting to LEO, Park House is now fully let.”
Beth Hampson, Commercial Director London Executive Offices, added: “We have experienced high demand from customers for high-quality office space in Mayfair. Park House provides a striking modern interior that is unique for the area, which offers our customers something different. We anticipate that there will be a lot of interest in our new offering at Park House.”
23/05/2018 23:07 by Buildington
I love the shape and architectural view of this nice new building. I wonder if it was paid by Arab country as I heard from one worker at the site.
20/12/2014 19:40 by
Links of London opened its new store at Park House on Oxford Street yesterday on the 26th of November 2014.
Source: Retail Jeweller www.retail-jeweller.com
27/11/2014 17:35 by Buildington
GVA's West End Office Agency team have been instructed as letting agents for Park House, joining current agents CBRE and Knight Frank. The building in Mayfair has 140,000 sq ft of vacant offices.
GVA will bring specialist West End experience and exposure to the Wealth Management sector to this project to secure new lettings. In addition, the client has embarked on a new letting campaign to reposition the building in the market, which includes the introduction of split floors and a lower rent from £85 per sq ft.
Patrick Morrissey helped to secure the instruction through his relationship with REM, who also asset manage The Shard.
Patrick O’Keeffe, Senior Director and Head of Central London Agency and Investment, commented: “We’re delighted to be appointed on Park House. As London’s leading Mayfair specialist in office agency we know this scheme and its surrounds very well indeed. With our unrivalled occupier contacts and expertise, we have identified a series of benefits this scheme offers to attract core market investors. Its market resilience will future proof interested businesses; offers from £85 per sq ft will present huge value; its flexible floorplates will attract a wider audience; and its location at the heart of London’s Wealth Management district is a significant pull to core occupiers.”
Source: GVA www.gva.co.uk
13/09/2014 22:34 by Buildington
River Island fashion store at Park House will open Saturday 8th of June!
04/06/2013 20:33 by Buildington
Mace has reached practical completion on Park House, the new landmark project worth £135m on London’s Oxford Street – the biggest development on the famous street for 40 years.
A design and build project, the Park House team has surpassed itself in the delivery of what will become one of Oxford Street’s most outstanding developments. The nine-story mixed-use Land Securities development covers an entire city block of just over an acre in Mayfair, facing onto Oxford Street, covering 56,000 square metres.
Mace was first appointed to the Land Securities development in 2010 as the construction manager and secured the job for a second time when it was put out to competitive tender under a fixed price, single stage design and build contract.
Park House was developed as three programmes, retail, commercial and residential. It provides 15,000 square metres of office space, with some of the largest interior office spaces in London’s west end, as well as 8,300 square metres of much-needed retail space and 39 stunning apartments, some with external terraces. In all it provides 15,000 square metres of office space, with some of the largest interior office spaces in London’s west end, as well as 8,300 square metres of much-needed retail space on Oxford Street.
The external design features a striking fully glazed facade on all sides incorporating specially commissioned art, with a curved, partially metal and partially glazed roof.
Careful planning and programme management has been used to deliver this challenging project successfully. Despite the site having already been cleared by earlier demolition works, Park House was delivered on one of Europe’s busiest shopping streets and with London Underground’s Central Line running only a few metres below the development.
Project Director, Shaun Tate said: ‘The team is proud to have completed such a complex and significant project to such a high standard. The team overcame a wealth of challenges, negotiating the activity on Oxford Street, the close proximity to London Underground and also the technical challenges of the unique design. We hope Park House will become one of Oxford Street’s most stand-out landmark developments.”
The project is also the main feature in this month’s Construction Manager, which you can read here. The Park House team reached practical completion on time and budget on November 23 and shared stunning photography of the completion with the magazine of the Chartered Institute of Building (CIOB).
Source: Mace 8. January 2013
21/01/2013 13:35 by Buildington
River Island, advised by Harper Dennis Hobbs, is to open its largest store in the capital after exchanging contracts on Park House, on London's Oxford Street.
The British fashion brand has signed up for a 28,000 sq ft (2,600 sq m) flagship arranged over ground, basement and first floors.
River Island will take possession of the space in February 2013 and the store is expected to open in June 2013.
David Purslow of Harper Dennis Hobbs comments, "We are delighted to have secured this store in the face of strong competition from some major international brands. Park House is a stunning development and is the perfect location for what will be River Island's biggest and most innovative flagship store"
Source: Harper Dennis Hobbs
18/12/2012 00:05 by Buildington
Please send me details about 2-3 bedroom flat.
11/12/2012 14:45 by
The Zara store at Park House opened on 6th of December 2012.
11/12/2012 13:48 by Buildington
New photos of the entrance on Park Street and the newly opened Bershka store.
30/11/2012 20:18 by Buildington
Zara, Bershka and Urban Outfitters stores will soon open at Park House (see photos).
17/10/2012 11:41 by Buildington
30/05/2012 20:11 by Buildington
16/01/2012 14:21 by Buildington
Artist Walter Bailey created the frit designs for the glass as well as creating the works in wood for the building
15/09/2011 16:07 by
New photo taken from North Audley Street.
02/06/2011 03:31 by Buildington
New photos from the construction site!
23/05/2011 21:11 by Buildington
In June 2010 Land Securities agreed to forward sell its proposed 310,000 sq ft retail, office and residential development at Park House, 453/497 Oxford Street, London, W1 to Barwa Real Estate Q.S.C ("Barwa"). Construction of the scheme started on site in May 2010, with completion of the development due in November 2012.
Barwa will pay £250m for the site, all of the construction costs and a profit share on completion. Of the £250m site price, £225m will be paid immediately and £25m will be paid on practical completion.
15/02/2011 00:45 by Buildington