Crown Estate gives green light to Duke's Court redevelopment
The Crown Estate is to start a delayed £100m development at Duke’s Court in St James’s, central London. The project will result in 11,000 sq ft of mixed retail space at ground and basement level, as well as 35,000 sq ft of offices.
The development by one of Britain’s biggest landlords is in the heart of London’s key shopping district on the corner of Duke Street St James’s and Jermyn Street and was put under review after the unexpected result of the Brexit vote.
The Crown Estate owns much of London’s West End, including most of Regent Street, and is currently investing £500m in the St Jame’s area.
James Cooksey, director of central London at The Crown Estate, said: “We’re committed to re-establishing St James’s as world-class business and lifestyle destination. Such an investment reflects our belief in the fundamentals of London’s West End, notwithstanding the near-term market outlook, and its continued performance over the long term through creating buildings that stand the test of time.”
Completion is expected in spring 2019. Earlier this year the Crown estate completed a £400m redevelopment of St James’s Market, adding five new premium stores, including a new Jigsaw Emporium.
Copyright © 2022 FashionNetwork.com All rights reserved.