The Crown Estate is moving its headquarters to the £400m St James’s Market scheme, W1, in 2017.
The Estate will leave its current 30,000 sq ft Regent Street offices, which will be refurbished and relet, to go to the 210,000 sq ft scheme.
It will join global private equity firm Carlyle Group, which will be moving from its Mayfair headquarters to occupy 60,000 sq ft over three floors at St James’s Market.
More than 40% of St James’s Market’s office space is now let, with 50,000 sq ft over two floors remaining in St James’s Market No 1 and 66,500 sq ft over seven floors in St James’s Market No 2.
The St James’s Market Partnership, which has delivered the scheme, is a joint venture between The Crown Estate and Oxford Properties.
Alison Nimmo, chief executive of The Crown Estate, said: “Since we began our £1.5bn regeneration programme in 2002 we have transformed the face of London’s West End through landmark developments such as St James’s Market.”
Cushman & Wakefield and Knight Frank acted for the St James’s Market Partnership.
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