Our recent visit to the new Battersea Power Station development inspired us to explore another mixed-use asset for two reasons:
A large number of our roles at Falmouth Fairfax are relevant to the development of mixed-used assets, so we are keen to witness projects that are aligned to the work of our candidates and clients (our current jobs here)
The topic of mixed-use assets ties into our recent poll on LinkedIn which investigates which assets are best for reducing financial risk
The Whiteley redevelopment
Our most recent site that we chose to visit is The Whiteley, which was one of London’s first department stores and is now being redeveloped. The redevelopment of The Whiteley in Bayswater, W2 will transform the northern end of Queensway and bring much needed investment to a location which is within walking distance of Hyde Park and Notting Hill in Central London.
Investment management of the development?
A joint-venture development by multi-platform investment management business, MARK, and development and investment firm C C Land, with Finchatton acting as development manager, The Whiteley is set to complete in 2023.
Contractors for the development?
Contractor, Ardmore have been appointed to deliver residential fit-out works at The Whiteley. Laing O’Rourke’s specialist engineering business, Expanded began work on site in January 2020 under a £100m package to deliver the basement and frame which sits behind the retained four storey, Grade II, listed façade on the Queensway elevation.
Design of the development?
Designed by Architect Foster + Partners, the £111 million fit-out contract will see Ardmore deliver 139 world-class modern residences, providing over 300,000 sq ft of exceptional residential space. In addition to the new residences, The Whiteley will deliver up to 20 new shops, cafes and restaurants, a central public courtyard, a cinema, a gym and London’s flagship Six Senses hotel and spa with 110 rooms, as well as a social wellness club, all set behind a retained and restored Grade II-listed façade.
Asset type?
Grade II listed building was built in the 1800’s by William Whiteley
Residential, retail, leisure
Our current development roles here