One New Change, EC4
  • 2010

One New Change, EC4

Landmark mixed-use development in an extraordinary location adjacent to St Paul’s.

 
Park House, W1
  • 2012

Park House, W1

Offices, apartments and retail over an entire block on Oxford Street.

 
62 Buckingham Gate, SW1
  • 2013

62 Buckingham Gate, SW1

Formerly Selborne House, will provide new offices, shops and restaurants in the heart of Victoria.

 
20 Fenchurch Street, EC3
  • 2014

20 Fenchurch Street, EC3

Rafael Viñoly-designed 509ft tall City tower incorporating premier offices, retail, café and public Sky Garden.

 
 
 

Table 43: London development pipeline at 31 March 2010

Property Descrip-
tion
of use
Owner-
ship
Interest %
Size
sq m
Planning
status
Letting
status %
Net income/
ERV
£m
Estimated/
actual
comple-
tion
date
Total
develop-
ment
costs to date
£m
Forecast total
develop-
ment
cost
£m
Developments, let and
transferred or sold
New Street Square, EC4 Office 100 62,340 100 32 May 2008 377 377
Retail 2,980 90
Developments completed
Dashwood House, EC2 Office 100 14,110 75 7 Oct 2008 113 113

Retail
710
100
30 Eastbourne Terrace, W2 Office 100 4,470 38 2 May 2009 32 32
Developments approved
and in progress
One New Change, EC4 Office 100 30,840 38 28 Oct 2010 409 540

Retail
19,900
61
Wellington House, SW1 Retail 100 240 Jul 2012 23 55
Residential 5,540
Park House, W1 Office 100 15,140 24 Nov 2012 217 412
Retail 8,140
Residential 5,380
62 Buckingham Gate, SW1
(formerly Selborne House) Office 100 23,450 17 Apr 2013 49 182
Retail 1,540
Proposed developments
20 Fenchurch Street, EC3 Office 100 61,660 PR n/a n/a 2014 n/a n/a
Retail 2,130
Arundel Great Court and
Howard Hotel, WC2 Office 100 36,750 PR n/a n/a 2015 n/a n/a
Retail 2,470
Residential 22,670

Floor areas shown above represent the full scheme whereas the cost represents our share of costs. Letting % is measured by ERV and shows letting status at 31 March 2010. Trading property development schemes are excluded from the development pipeline. Cost figures for proposed schemes are not given as these could still be subject to material change prior to final approval.

Planning status for proposed developments
PR – Planning Received

Total development cost (£m)
Total development cost refers to the book value of the land at the commencement of the project, the estimated capital expenditure required to develop the scheme from the start of the financial year in which the property is added to our development programme, together with capitalised interest. The figures for total development costs include expenditure on the residential elements of Wellington House (£55m) and Park House (£101m).

Net income/ERV
Net income/ERV represents headline annual rent payable on let units plus ERV at 31 March 2010 on unlet units.

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