May 29, 2013
Crown Estate in £320m joint venture to redevelop area around Regent Street
The Crown Estate, which manages the Queen’s property portfolio has announced a joint 50/50 – £320 million venture with Canadian real estate company, Oxford Properties. The Crown Estate, which will retain the freehold and take the lead role in the development says the St James’s scheme will provide 210,000 ft2 of prime office and 50,000 ft2 of flagship retail and restaurant space in two blocks located between London’s Regent Street and Haymarket. The project forms part of the Crown Estate’s ten-year investment strategy for St James’s and will transform a run-down back street service yard and taxi ‘rat-run’ with: “a fantastic new amenity for St James’s, revitalising half and acre of public realm and creating a new 10,000 ft2 pedestrian square for world-class business, shopping and dining.” More →
May 29, 2013
Crowds brave the grey weather to enjoy Clerkenwell Design Week
by John Sacks • Comment, Flooring, Furniture, Products, Workplace design
In contrast to last year when the sun shone and temperatures were giddily high, Clerkenwell in late May was distinctly chilly, with a constant stiff breeze, on and off rain, and even a hailstorm. The weather may have been unseasonably cold but that didn’t stop the crowds flocking to the most popular venues and showrooms, and several of the evening parties were so crowded they had to close their doors. The signs had been good, even before the show opened. Advance registrations were over 46,000, compared with last year’s 22,000 visitors and by the end of the show, total registrations had reached 55,000.
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