Ares Management to fully occupy the 124,000 sq ft office floorspace in The Crown Estate’s One Hanover Street redevelopment in one of the largest lettings in the West End The Crown Estate has unveiled details of the latest project in its London development pipeline, One Hanover Street, within the Regent
Clowes Developments is progressing a major multi-million-pound redevelopment at Harrier Park in Hucknall, with extensive site preparation and enabling works now well advanced on the landmark brownfield site. The site, historically linked to the development of the Harrier Jump Jet and Rolls-Royce Merlin engines, is undergoing a significant transformation to
Ballymore has received planning consent from the London Borough of Newham for the redevelopment of its Thames Road site, located on the north bank of the River Thames to the east of Thames Barrier Park. The approved scheme will deliver 1,685 new homes on the industrial brownfield site, also known
Earlier yesterday (Thursday 15 January) the Finance and Resources Committee recommended the approval of a £21 million contract to Kier Construction to deliver a comprehensive retrofit and upgrade programme at Craigmillar Court and Peffermill Court, two 15 floor blocks in Edinburgh. The project forms part of the Council’s wider Strategic Investment
Ares Management to fully occupy the 124,000 sq ft office floorspace in The Crown Estate’s One Hanover Street redevelopment in one of the largest lettings in the West End The Crown Estate has unveiled details of the latest project in its London development pipeline, One Hanover Street, within the Regent Street Partnership – a longstanding joint venture with Norges Bank Investment Management (NBIM). The project will see the redevelopment of 124,000 sq ft of office space above the iconic Apple store on Regent Street, with six levels of quality new floorspace – including a new rooftop pavilion and seventh floor terrace overlooking the West End. The Crown Estate has pre-let the entire super-prime office space to Ares Management, a leading global alternative investment manager and existing customer currently occupying 39,000 sq ft within 10 New Burlington Street. The completion of this transaction marks the largest deal in the West End by rent roll and size in 2025, the largest deal in the Core West End Market in the last two years, and the third largest deal ever recorded in the core Mayfair and St James’s submarkets[1]. The landmark letting underscores The Crown Estate’s continued commitment to supporting world-class businesses in the West End through the delivery of high-quality, future-ready workplaces. Reflecting investment by The Crown Estate to strengthen the area’s commercial vitality, this pre-let supports a broader long-term vision to curate a vibrant and resilient destination in the heart of London, with quality commercial spaces underpinned by world-class retail and leisure. Kristy Lansdown, Managing Director for Development at The Crown Estate, said: “One Hanover Street marks the latest step on our journey to reinvigorate our portfolio across the West End, with an ambitious vision that looks at the entire area. “Our development pipeline will reposition heritage assets in this famous epicentre of the Capital to create market-leading, modern, sustainable workspace. At the same time, we are working in partnership with Westminster City Council to reimagine the area’s public realm – creating a welcoming, accessible and resilient place that benefits workers, visitors and residents alike. Together, this reflects our key approach for this historic part of London; to invest in the area as a whole and deliver world-class places that work for all those who interact with it today and well into the future.” Charles Owen, Head of Portfolio Management – Regent Street at The Crown Estate, said: “The letting at One Hanover Street to Ares is a landmark deal for The Crown Estate and one of the most significant leases in the West End office market, demonstrating the enduring strength of demand for high-quality office space in prime locations. “We believe this long-term commitment by Ares is testament to our reputation for curating high-quality workspaces that evolve with occupier needs, as part of Regent Street’s global appeal.” The Crown Estate is targeting the first quarter of 2027 to complete the redevelopment, following not only the design and delivery of quality new floorspace, but also a focus on sustainability credentials with extensive upgrades made to the existing plant to remove fossil fuels from the building and reduce its operational carbon. The redevelopment of One Hanover Street adds to The Crown Estate’s growing pipeline of developments in the West End, with New Zealand House and 10 Spring Gardens due to complete later this year, while work is ongoing at 33-35 Piccadilly. JLL and BCLP acted on behalf of The Crown Estate, and CBRE and Fladgate acted on behalf of Ares Management. Savills acts as Development Manager on behalf of The Crown Estate for One Hanover Street, with Wates as the contractor and Orms Architects as the Lead Architect. Building, Design & Construction Magazine | The Choice of Industry Professionals
Clowes Developments is progressing a major multi-million-pound redevelopment at Harrier Park in Hucknall, with extensive site preparation and enabling works now well advanced on the landmark brownfield site. The site, historically linked to the development of the Harrier Jump Jet and Rolls-Royce Merlin engines, is undergoing a significant transformation to unlock up to 500,000 sq ft of modern industrial and warehouse accommodation. The project represents a key early phase in Clowes Developments’ long-term vision to bring forward high-quality employment space in the area. Lead contractor TanRo is delivering the works, which include land remediation, bulk earthworks and major infrastructure upgrades across two development plots. According to Clowes Developments, remediation works are nearing completion, with more than 90 per cent of the overall programme now finished and practical completion anticipated by the end of January. On plot one, a 134-metre retaining wall has been fully installed, alongside the completion of major storm drainage works and high-voltage diversion ducting. Existing surfacing and underground obstructions have been removed, while the formation of the future access road is in place. Bulk earthworks are largely complete, with only minor activity remaining. Plot two has also seen strong progress, with storm drainage diversion completed and earthworks approaching completion. Despite encountering unforeseen underground features and other technical challenges, the project team has successfully re-sequenced works to avoid any material impact on the programme. A notable achievement included the installation of a new manhole connection into the existing storm drainage network on Dorey Way, completed over a four-week period while maintaining a live traffic lane. Clowes Developments worked closely with Ashfield District Council and specialist advisors Pegasus Group to manage heritage considerations relating to unlisted buildings, enabling works to continue without delay. The site is being jointly marketed by FHP Property Consultants and Fisher German, with consent in place for units ranging from 64,000 sq ft to 117,000 sq ft. Agents report strong early interest from national occupiers, with both plots expected to be construction-ready by the end of January. This would allow occupiers to be operational before the end of the year, supported by a swift 36-week construction programme. Building, Design & Construction Magazine | The Choice of Industry Professionals
Ballymore has received planning consent from the London Borough of Newham for the redevelopment of its Thames Road site, located on the north bank of the River Thames to the east of Thames Barrier Park. The approved scheme will deliver 1,685 new homes on the industrial brownfield site, also known as UNEX, including 173 homes for social rent. Designed by Howells, the development will also feature 359 co-living suites, a new primary school, over 13,500 sq m of light industrial and flexible workspace, a riverside park, and a range of ground-floor retail and community spaces. The architectural design reflects the Royal Docks’ industrial heritage, incorporating a rich palette of brick tones and varied building types—from riverside mansion blocks and townhouses to contemporary co-living buildings—creating a distinctive and layered new neighbourhood. John Mulryan, Group Managing Director at Ballymore, said: “Securing consent for Thames Road is a significant milestone and a strong endorsement of the ambition and care that has shaped these proposals. Our commitment to the Royal Docks spans decades, and this approval allows us to build on the success of Royal Wharf while continuing to respond thoughtfully to the area’s evolving character and needs. “Royal Wharf has demonstrated what high-quality brownfield regeneration can achieve, becoming an international benchmark for new town delivery since its completion in 2020. With planning now in place for Thames Road, we are excited to move forward and prepare to begin construction next year.” Ballymore has a long-standing track record in Newham, most recently delivering Royal Wharf and Riverscape, a 40-acre riverside neighbourhood with over 4,000 homes, a new primary school, public park, vibrant high street, and accessible riverside walkway connecting Lyle Park and Thames Barrier Park, including a Thames Clippers pier. In addition, Ballymore submitted plans in 2024 for a sister site at Knights Road, currently awaiting determination. The Knights Road proposals, designed by Allies & Morrison, include 1,667 new homes and 4,000 sq m of light industrial and flexible workspace, located a short walk from West Silvertown DLR. Building, Design & Construction Magazine | The Choice of Industry Professionals
Earlier yesterday (Thursday 15 January) the Finance and Resources Committee recommended the approval of a £21 million contract to Kier Construction to deliver a comprehensive retrofit and upgrade programme at Craigmillar Court and Peffermill Court, two 15 floor blocks in Edinburgh. The project forms part of the Council’s wider Strategic Investment Plan for high-rise buildings and will bring both blocks up to modern standards, significantly improving comfort, safety, energy efficiency and long-term sustainability for residents. Built in 1968, the two floor blocks currently have no insulation, making homes difficult and expensive to heat. The retrofit will introduce extensive external wall insulation, dramatically improving thermal performance and helping homes retain heat more effectively. These upgrades are expected to create warmer living spaces and reduce heating costs for residents throughout the year. To further improve indoor air quality and tackle long-standing issues with damp and mould, each flat will be fitted with a mechanical ventilation and heat recovery (MVHR) system. This will provide a continuous supply of fresh air while retaining heat, supporting healthier and more comfortable homes. Other improvements include: The surrounding environment will also be transformed, with: Craigmillar Court and Peffermill Court each contain 57 two-bedroom homes. This major investment represents a long-term commitment to improving living conditions, reducing carbon emissions, enhancing safety and creating more welcoming, sustainable communities for current and future residents. Housing, Homelessness and Fair Work Convener Cllr Tim Pogson, said:This £21 million investment represents a major step forward in improving the quality, safety and sustainability of our high-rise homes. By upgrading insulation, ventilation, fire safety and communal spaces, this project will deliver warmer, healthier and more affordable homes for residents, while also ensuring these buildings are fit for the future. Building, Design & Construction Magazine | The Choice of Industry Professionals