31 OCTOBER 2020
Grosvenor Britain & Ireland has secured planning permission for the South Molton Triangle, a £500 million investment connecting Mayfair to Oxford Street.
The 2-acre scheme will see a number of narrow side streets and neglected buildings opposite the new Bond Street West Station transformed to provide 204,000 sq ft of sustainable Grade A office space alongside 67,500 sq ft of shops, restaurants and cafes, a hotel and homes*.
The redevelopment will help the West End recover from the impact of COVID-19, delivering a new landmark next to Oxford Street, helping to attract an estimated £6 million of spend per year. Over 960 permanent jobs will be created on completion and 465 jobs and 80 apprenticeships during construction.
Anna Bond, Executive Director of Development at Grosvenor Britain & Ireland said: “If you look closely at this neighbourhood today, it’s an area crying out for world-class public realm and sustainable office space, designed in a way that’s enticing to employers and workers in a post-pandemic world. The South Molton Triangle will re-make this part of Mayfair and help central London get back on its feet."
Thomasin Renshaw, Director of Development, Grosvenor Britain & Ireland added: “Our investment in the South Molton Triangle is a major vote of confidence in the West End at a defining moment for the capital’s economy. It will deliver much of what is needed so badly - new jobs and a boost to the economy - through the sensitive and sustainable transformation of a historic area.”
All Grosvenor’s projects work to a series of bold environmental goals including achieving net zero carbon, and zero waste by 2030 and delivering significant biodiversity gain.
The sensitive designs celebrate the character of the Mayfair Conservation Area by retaining and adapting historic buildings for contemporary use, balancing retrofit with highly sustainable new build around world class public spaces.
The Triangle’s new buildings will produce 37% less carbon than ones built to current UK standards. Servicing will only be by electric vehicles, reducing on street pollution and traffic around the pedestrian friendly scheme. 360 bike spaces for residents, office and retail workers, plus 50 new on street spaces for visitors, will also encourage the use of sustainable transport.
The scheme is also a Design for Performance and NABERS UK pioneer project, seeking to close the performance gap for new office developments to ensure they deliver on their design intent.
The designs were created by Hopkins Architects and Donald Insall Associates advised on the retention, restoration and adaptation of the historic buildings. Gerald Eve provided planning consultancy advice.
For more information visit www.southmoltontriangle.com
Click here for images and here for a fly through of the designs.
* 33 homes will be delivered – 22 open market homes and 11 affordable homes (35% by area and habitable room)
About Grosvenor
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Grosvenor is an international organisation whose activities span urban property, food and agtech, rural estate management and support for philanthropic initiatives.
We are a values-led business which represents the Grosvenor family and share a common purpose - to deliver lasting commercial, social and environmental benefit - addressing today’s needs while taking responsibility for those of future generations.
With a track record of over 340 years, we work to improve urban property and places in many of the world’s leading cities, promoting sustainability within the built environment and enhancing the wellbeing of customers and communities.
Our UK property business supports c1,000 businesses and tens of thousands of residents and workers across London’s West End each day. We also invest in, create and manage sustainable neighbourhoods in Liverpool and across England. As a 1.5oC aligned company, pioneering change and new ways of thinking about property we aim to ensure our places benefit both people and the planet over the long term.
Rachel Garstang
Head of Corporate Communications & Stakeholder Engagement Grosvenor
+44 (0)20 7312 2341 ext.6957
rachel.garstang@grosvenor.com