95 New Cavendish Street: Construction Commences
LBS Properties, acting on behalf of AEW, is pleased to confirm that the construction contract with Ambit for the redevelopment of 95 New Cavendish Street, Fitzrovia has been executed, with works now underway on site.
The appointment of Ambit as main contractor marks a major milestone in the transformation of this prominent West End building.
Designed by Stiff + Trevillion Architects, the scheme will deliver a best-in-class office with a strong emphasis on sustainability. The project is targeting BREEAM Excellent, EPC A and a WiredScore Gold rating.
Upon completion, the building will incorporate a new façade, a setback roof extension and a generous communal roof terrace and clubroom facility, providing high-quality, contemporary workspace in one of London’s most sought-after office locations. Practical completion is anticipated in Q1 2027.
Cushman & Wakefield and RX London have been appointed as leasing agents for the scheme.
Mark Tizzard, Managing Director at LBS Properties, commented:
“Executing the building contract and starting works marks an important step forward for this project. Together with our contractor and consultant team, we look forward to delivering an exceptional sustainable workspace in one of London’s most desirable office locations.”
25 Moorgate Reaches Practical Completion
LBS Properties, alongside our partner Barings Real Estate, is pleased to announce that 25 Moorgate has reached practical completion, marking a significant milestone in the continued delivery of high-quality office accommodation in the City of London.
Situated in the heart of the City, within close proximity to the Bank of England, the 72,000 sq ft development has been designed to meet the evolving requirements of modern occupiers, combining contemporary office accommodation with an outstanding tenant amenity offering.
The building delivers best-in-class sustainability credentials, having attained an EPC A rating (with a BREEAM ‘Outstanding’ rating pending), placing it among the most sustainable office schemes in central London.
The quality of the project is underscored by its pre-letting in full to global law firm, Watson Farley & Williams LLP, demonstrating the sustained occupier demand for well-located, best-in-class office space in the City Core.
The tenant will benefit from exceptional amenity provision, including generous communal roof gardens and high-quality end-of-trip facilities, reflecting the increasing importance placed on wellbeing and workplace experience by today’s most discerning corporates.
Mark Tizzard, Managing Director at LBS Properties, said:
“We are delighted to achieve practical completion at 25 Moorgate. This project represents our continued commitment to delivering best-in-class office buildings in central London, and we look forward to seeing it contribute to the ongoing strength and appeal of the City.”
AEW Acquires 95 New Cavendish Street from LBS Properties and Baumont Real Estate Capital
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.
LBS agrees 70,000 sq ft. lease with global law firm at Moorgate
We are proud to announce that the entire 70,000 square feet office component of 25 Moorgate, our landmark office development in the City of London, has been pre-let to global law firm Watson Farley & Williams for a 15-year term.
25 Moorgate is everything that retrofit should be. We have worked with the fabric of the original building to create a next generation workplace, designed with a focus on occupier wellbeing and sustainability. This is the second Net Zero Carbon office building we will deliver on behalf of our client Barings, who share our vision of the future of offices.
We are thrilled to contribute to the continued evolution of London’s office landscape. Learn more about our commitment to a sustainable future at 25 Moorgate here: 25moorgate.uk/sustainability
New lease agreed for 7,321 sq ft at Script, EC1
Coalition Greenwich has signed for 7,321 sq ft at Script, our development in Old Street.
A leading global provider of benchmarking analytics, Coalition has taken fully fitted office space on the second floor of the building, which is located near Old Street tube station, on a five-year lease.
LBS Head of Acquisitions, James Willson says: “LBS is delighted to welcome Coalition Greenwich as the latest tenant to Script. We continue to experience strong underlying demand from central London occupiers for high-quality buildings that offer outstanding amenity. This letting attests to the quality of Script’s design, location and strong ESG credentials.”
Peter Hall, co-head of Workthere UK, which secured the letting for LBS, added: “We are thrilled to announce the completion of another letting on behalf of our client – LBS is a forward-looking landlord working collaboratively with advisors and occupiers to provide innovative leasing solutions. This is the third fully inclusive letting we have secured at Script and the fifth in the City Fringe on behalf of LBS over the past year, underscoring the ongoing demand for high-quality managed spaces in London.”