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.”

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.