British Land : announces launch of 7 Clarges Street, Mayfair

09 Sep 2016

British Land has officially launched 7 Clarges Street, the offices within the Clarges development, W1. Set in the heart of Mayfair, 7 Clarges Street encompasses 49,500 sq ft of prime commercial space as part of a wider development incorporating high-end residential apartments overlooking Green Park, Clarges Mayfair, and the new headquarters of the Kennel Club.

Office space is available across six floors of 7 Clarges Street, with the three uppermost levels incorporating private terraces with views across Green Park to Buckingham Palace and Victoria. These flexible column-free floorplates allow for enhanced collaboration between departments, with employees able to enjoy natural light through floor-to-ceiling windows.

On acquiring the site in 2012, British Land appointed Squire and Partners for the architectural and interior design of 7 Clarges Street in light of the firm's comprehensive experience of the Mayfair area. The six storey building is a contemporary take on the traditional Mayfair aesthetic, finished with Portland stone and an illuminated entranceway reflecting the classic covered entrances of nearby Claridge's and Burlington Arcade. Fully glazed openings at street level provide views into the reception space, designed by Squire and Partners as a gallery space in which bespoke artworks are displayed.

7 Clarges Street benefits from strong transport links, located less than a five minute walk from Green Park station, with connections to London City Airport in less than 30 minutes and St Pancras International Station in 10 minutes. Crossrail is also due to arrive at Bond Street in 2018, providing access to Heathrow in 27 minutes and Paddington in 3 minutes.

Encouraging a health-conscious approach to commuting, an extensive suite of facilities for cyclists has been incorporated into 7 Clarges Street, with 55 bicycle spaces, 39 lockers for folding bicycles, and shower amenities in keeping with the Mayfair Club style.

At the edge of Green Park and moments from the West End's cultural centre, 7 Clarges Street is situated in close proximity to a host of prestigious restaurants, bars and clubs, including Nobu, Roka and Annabel's, and internationally renowned hotels, including The Dorchester and The Ritz. Highlights of the West End's creative district are also a short walk away, including the Royal Academy of Art and Gagosian Gallery.

Michael Wiseman, Head of Office Leasing, British Land, said: 'This landmark new commercial address is a shining example of British Land's commitment to delivering Places People Prefer, with an understanding that well-designed workspaces result in happier, healthier, motivated, and ultimately more efficient businesses.

'Reflecting the evolution of the Mayfair market, we anticipate a diverse mix of businesses taking space at 7 Clarges Street, including private equity firms and asset management firms, alongside technology companies and creative businesses.'

Notes to Editors

About British Land - all figures as at last valuation date of 31 March 2016

We are one of Europe's largest publicly listed real estate companies. We own, manage, develop and finance a portfolio of high quality commercial property, focused on retail locations around the UK and London offices. We have total assets in the UK, owned or managed, of £20.0 billion (of which British Land share is £14.6 billion) as valued at 31 March 2016. Our properties are home to over 1,200 different organisations ranging from international brands to local start-ups. Our objective is to deliver long term and sustainable total returns to our shareholders and we do this by focusing on Places People Prefer. People have a choice where they work, shop and live and we aim to create outstanding places which make a positive difference to people's everyday lives. Our customer orientation enables us to develop a deep understanding of the people who use our places. We employ a lean team of experts, who have the skills to translate this understanding into creating the right places, and we have an efficient capital structure which is able to finance these places effectively.

Retail assets account for 50% of our portfolio. As the UK's largest listed owner and manager of retail space, our portfolio is well matched to the different ways people shop today. We are focused on being the destination of choice for retailers and their customers by being the best provider of spaces and services. Comprising over 20 million sq ft of retail space across multi-lets, superstores, department stores and leisure assets, the retail portfolio is modern, flexible and adaptable to a wide range of formats.

Our Office and Residential portfolio, which accounts for 48% of our portfolio, is focused on London. We have an attractive mix of high quality buildings in well managed environments and a pipeline of development projects which will add significantly to our portfolio. Increasingly, our Offices are in mixed-use environments which include retail and residential elements. Our 7.5 million sq ft of high quality office space includes Regent's Place and Paddington Central in the West End and Broadgate, the premier City office campus (50% share).

The remaining 2% of our portfolio is at Canada Water where we have a 46 acre redevelopment opportunity in our medium term pipeline.

Our industry-leading sustainability strategy is a powerful tool to deliver lasting value for all our stakeholders. By supporting communities, improving environments and growing economies, we create Places People Prefer and enhance long term returns.

In April 2016 British Land received the 2016 Queen's Award for Enterprise: Sustainable Development as part of Her Majesty The Queen's 90th birthday honours. The Award is the UK's highest accolade for business success and is given to companies which bring major economic, social and environmental benefits through their own business success. It was awarded to British Land for continuous achievement in all these areas over the last five years.

Further details can be found on the British Land website at www.britishland.com

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