The decade-long strategy contains a number of key projects which the property group said are necessary to tackle significant challenges facing the city including population growth, the launch of the Elizabeth line, and strain on infrastructure and amenities.
Overall, the company will deliver new and improved office and retail space across its estate, backed by significant investment in the street level environment, green spaces, cultural events and visitor experiences.
Recently, the Group has delivered a number of schemes to demonstrate its ability to cultivate attractive enterprising spaces with long term impact through activity. Key schemes include;
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• Digital Investment: £2m investment to improve the West End's digital resilience, bring down barriers for local businesses and future-proof consumers' use of the internet
• Eccleston Yards: the animation of previously underused land on the boundaries of Victoria and Belgravia to create a hub for creative enterprise and co-working around a new public square
• The transformation of Grosvenor Square: a public call for ideas led to the creation of a professional panel of leading figures in culture, architecture and design to secure the capital's second largest garden square's place as a defining public space in London
• 65 Davies Street: a £150 million, c65,500 sq. ft. of new office space above the western ticket hall at Crossrail's new Bond Street station opening up new contemporary office space for the area.
• Berkeley Square public realm: A £4m scheme to curb traffic noise and pollution and improve the pedestrian experience is set to commence in early June.
Craig McWilliam, Chief Executive Officer of Grosvenor Britain & Ireland, said: "Key transformational projects must be completed to cement the West End's competitive advantage for generations to come.
"We will achieve this by increasing retail and office capacity on our estate and delivering change that makes it more active, open and enticing for visitors, residents and businesses."
(LM/MH)
