London (May 25, 2022) — BentallGreenOak announces the completion of its 78 St James’s Street redevelopment, with 50% of the scheme let or under offer at practical completion. Deals have been signed with US private equity firm King Street Capital, hedge fund Schonfeld Strategic Advisors, and fintech business GP Bullhound. A further floor is close to signing with another financial services occupier.
The redevelopment has focused on providing world class modern workspace, whilst redefining the benchmark for landlord offered amenities. The heritage element of the grade II* listed building, which dates back to the 1830s, has been transformed into tenant's amenity with the ground floor providing a business lounge; the original brick vaults converted into a wellness suite, a gym and the Collab Space - a multi-function room which can serve as an auditorium or host fitness classes.
The building has been extended to create a shared Pavilion and rooftop terrace, with panoramic views across Westminster and Green Park. Alexander Morris, Head of London Development at BentallGreenOak said: “We have delivered the redevelopment of 78 St James’s Street through a global pandemic, creating an ultra-modern workspace with the very best amenities in a stunning heritage environment and have attracted a stellar line-up of occupiers to the building who see the value of their teams being able to work together in a best in class business environment.”
JLL and BNP Paribas Real Estate are the appointed letting agents on the scheme.
BentallGreenOak is a leading, global real estate investment management advisor and a globally-recognized provider of real estate services. BentallGreenOak serves the interests of more than 750 institutional clients with approximately $78 billion USD of assets under management (as of March 31, 2022) and expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BentallGreenOak has offices in 28 cities across thirteen countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets. BentallGreenOak is a part of SLC Management, which is the alternatives asset management business of Sun Life.
The assets under management shown above includes real estate equity and mortgage investments managed by the BentallGreenOak group of companies and their affiliates, and as of 1Q21, includes certain uncalled capital commitments for discretionary capital until they are legally expired and excludes certain uncalled capital commitments where the investor has complete discretion over investment.
For more information, please visit www.bentallgreenoak.com