13/01/2025
LBS retained as Development Manager for flagship West End office repositioning scheme
LBS Properties, in partnership with Baumont Real Estate Capital, is pleased to announce the sale of 95 New Cavendish Street, W1 to AEW.
Located in the heart of Fitzrovia, this prime redevelopment opportunity will comprise 22,589 sq ft of office space across lower ground, ground and six upper floors. With LBS securing planning consent for a best-in-class redevelopment designed by Stiff + Trevillion in 2024, the project will create two additional floors, a communal roof terrace and market-leading sustainability credentials, targeting BREEAM Excellent and EPC A certifications.
AEW plan to commence construction later this year. LBS has been retained as Development Manager to oversee the transformation of the property, reflecting our ongoing commitment to delivering state-of-the-art, sustainable office accommodation in central London’s most vibrant districts.
Nick Crawford, CEO of LBS Properties, commented:
“We are delighted to have concluded the sale of 95 New Cavendish Street to AEW, a highly respected investor in the real estate sector. This project represents an exciting opportunity to deliver a future-ready, sustainable office building in Fitzrovia, where demand for premium space continues to outstrip supply. We look forward to working closely with AEW to bring this vision to life.”
For more details about this project and updates on its progress, stay tuned to our website and LinkedIn page.