The Crown Estate plans to invest about £500m in its Regent Street properties over the next 10 years.
12 blocks on London’s premier shopping street have been earmarked for transformation as their leases expire.
Some will be developed directly by the Crown Estate; others will be redeveloped in partnership with an external commercial property partner.
The first, at 229-247 Regent Street, will be redeveloped this year in partnership with Stanhope.
Two more development opportunities have been identified at 185-191 Regent Street.
The Crown Estate is planning to move from its luxurious headquarters at Carlton House Terrace to one of the properties that will be redeveloped.
The Times 04/06/02 page 34, page 36
