REGENT STREET - The Crown Estate by pengxuebo

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									REGENT STREET
W h e r e t i m e i s a lWay s W e l l s p e n t




Issue 28 March 2011




vision
In This Issue
A Place for People all change at piccadilly
A Place for Eating eat, drink and relax in art Deco luxury
                                                                    latest news
A Place for Shopping regent street: a mile of style                 regentstreetonline.com
A Place for Business Blue chip businesses for world class offices
A new partnership for Quality, Heritage, Style and Success
Regent Street meets Soho meets Piccadilly meets Mayfair...                                   Regent Street: building the brand
Development Update Delivering the Vision                                                     Behind the scenes regent street has a dedicated
                                                                                             communications team to promote its position
                                                                                             as one of the world’s leading retail destinations.
                                                                                             Over £25 million worth of global press coverage
                                                                                             was generated by the team in 2010, a result of
                                                                                             the many journalists invited to come from all
                                                                                             over the world to experience what the street
                                                                                             has to offer. regent street also catches the
                                                                                             media spotlight with major events like the
                                                                                             regent street Festival and Christmas lights
                                                                                             switch on, or collaborations such as Vogue’s
                                                                                             Fashion night Out, which all attract 100,000s
                                                                                             of visitors each year. innovative ‘food safaris’
                                                                                             and digital shopping events also pull in the
                                                                                             trend setters, keeping the regent street brand
                                                                                             at the forefront of fashion trends. to find out
                                                                                             more, become one of the million annual visitors
                                                                                             to regentstreetonline.com, the website that
                                                                                             will tell you all you need to know about
                                                                                             regent street in 2011.

                                                                                             2011 TRAFFIc FREE EvEnTS

                                                                                             SUnDAy 5 JUnE 12:00-19:00
                                                                                             regent street a taste of spain

                                                                                             SUnDAy 4 SEPTEMBER 12:00-19:00
                                                                                             the regent street Festival

                                                                                             SATURDAy 5 novEMBER 10:00–16:00
                                                                                             regent street Veteran Car Display

                                                                                             novEMBER (date and time tbc)
this is the 28th in a regular                                                                regent street Christmas lights
series of newsletters
intended to keep parties                                                                     SATURDAy 26 novEMBER 10:00-18:00
interested in regent street                                                                  shop West end Vip Day
up-to-date with progress on
the regent street Vision.
a place for shopping                                                                                  a place for eating
regent street: a mile of style                                                                        eat, drink and relax in art Deco luxury
regent street: a mile of style where
international brands gravitate to the values
of quality, heritage, style and success that
epitomise london’s premier shopping street.
Joining established regent street retailers
apple, Banana republic and Jaeger, the latest
and most exciting opening on the street is
Olympic sponsor Omega Watches, whose
beautiful new store is just a stone’s throw
from another exciting opening: michael Kors’
eponymous boutique. the leading american
fashion designer for luxury accessories and
sportswear got 2011 off to a flying start,
jetting in from the Us with a collection
exclusively for london.
December also saw new store openings in
time for Christmas. Outdoor clothing specialist
Jack Wolfskin had its most successful opening
outside Germany, whilst edgy italian denim
designers 7 For all mankind joined the ‘who’s
who’ list of global fashion and lifestyle                                                             From the 1930s the regent palace hotel           street’s two pedestrianised food quarters –
brands who call regent street home.                                                                   brought fine dining and affordable luxury to     are home to premier brands such as Gaucho
With other top brands including                                                                       regent street. later, the atlantic Bar & Grill   and Bentleys Oyster Bar & Grill. all this is
anthropologie, aquascutum and ted Baker,                                                              and the titanic restaurant became the place      driven by the regent street Vision to ensure
europe’s first purpose built shopping street,                                                         for the bright young things of london to         visitors have a place to eat, drink and relax,
regent street, remains the ultimate place for                                                         rub shoulders with celebrities.                  after a hard day’s shopping.
fashionable people from all over the world to
meet, eat, drink and shop, while enjoying the                                                         today these rooms – arguably the finest          the opening of exciting new restaurants
fabulous architecture and a great atmosphere.                                                         group of art Deco interiors in the capital –     in a historic art-Deco setting will soon bring
                                                                                                      are being restored as part of the Crown          back fond memories of the former atlantic
Visit regentstreetonline.com for                  regent street newcomers                                                                              Bar and Grill and titanic restaurants, as
                                                                                                      estate’s Quadrant 3 project. scheduled for
more information.                                 Omega, Jack Wolfskin
                                                  and 7 For all mankind.                              completion by the end of 2011, they will         regent street adds critically acclaimed
                                                                                                      add to the diversity of regent street’s bars     ‘destination’ restaurants focused on first
                                                                                                      and restaurant. Venues like aqua london          class service and value for money, once
                                                                                                      already draw gourmets from around the            again delivering quality, heritage, style
                                                                                                      globe, whilst la bottega del Caffè provides      and success.
                                                                                                      relaxing environs for a quick lunch time bite.
                                                                                                      heddon street and swallow street – regent




a place for people                                                                                    a place for Business
all change at piccadilly                                                                              Blue chip businesses for world class offices
a world class retail and business destination     Work is also underway to deliver a traffic-free      in one of the biggest office deals in the
demands a setting to match, and the               Glasshouse street, as part of the Quadrant           West end in 2010, the Crown estate has
Crown estate is committed to maintaining          redevelopment. this will be the largest new          signed a major investment management
and enhancing the quality of public space         public space to be created in london since           firm to take the entire 5th and 6th floors
all along historic regent street.                 trafalgar square and together with the               (over 41,000 sq ft) at One hanover street,
                                                  piccadilly Circus improvements will transform        above the apple store on regent street.
recently, regent street has achieved eye-         the gateway to regent street.                        the remaining 4th floor space has also
catching success with the Oxford Circus                                                                just been let to a leading north
diagonal crossing – modelled on the world         this is all part of a vision that is transforming    american corporate firm.
renowned shibuya crossing in toyko. today,        the street into a world-class destination in
piccadilly Circus, the southern gateway to        time for the 2012 Olympics. it is a year when        One hanover street is situated within
                                                                                                                                                       the most eagerly anticipated addition to
regent street, will be the focus of a broad       sporting triumphs will be celebrated in the          the prestigious business location of regent
                                                                                                                                                       regent street’s office offer is air W1. part of
£14 million piccadilly and st James's             West end drawing in big international                street, where occupiers benefit from modern
                                                                                                                                                       the brand new Quadrant 3 redevelopment
overhaul. these improvements, which are           crowds, as st James’s park and horse Guards          offices, a welcoming environment and
                                                                                                                                                       by the Crown estate, it will provide
being funded by a partnership led by              parade are transformed into Olympic venues           proximity to the many bars, shops, eateries
                                                                                                                                                       180,000 sq ft of prime office space just off
Westminster City Council, transport for           and pall mall becomes the finish line for the        and theatres in the West end - the beating
                                                                                                                                                       regent street in the former regent palace
london and the Crown estate, will cut             marathon and road cycling.                           heart of london.
                                                                                                                                                       hotel building. With space available from
congestion, increase pedestrian space
                                                                                                                                                       late 2011, this exciting scheme will further
and enhance the setting of the eros statue        When the 2012 Olympics put london in the             it is a fine example of the new office
                                                                                                                                                       cement the street’s position as a world class
– london's symbol of love for nearly              world spotlight, regent street will be ready.        spaces being created by the Crown estate
                                                                                                                                                       destination for business.
200 years.                                                                                             as part of its £1 billion regent street
                                                                                                       Vision investment programme that has
                                                                                                       attracted over 250 new UK and international
                                                                                                       businesses to regent street since the start
                                                                                                       of the programme in 2002.
                                                                                                                                                                Quadrant 3
  A new partnership                                                                                                                                             regent street meets soho meets
                                                                                                                                                                piccadilly meets mayfair...

  for Quality,                                                                                                                                                  Due for completion by the end of 2011,
                                                                                                                                                                Quadrant 3 (Q3) is the latest and most
                                                                                                                                                                exciting retail destination from the Crown
                                                                                                                                                                                                                  the street has been transformed during the
                                                                                                                                                                                                                  last nine years with the arrival of more than
                                                                                                                                                                                                                  60 new retailers including some of london’s




  Heritage, Style
                                                                                                                                                                estate. located just off regent street and        most famous stores including hamleys,
                                                                                                                                                                piccadilly Circus, the scheme will provide a      apple, Banana republic, anthropologie,
                                                                                                                                                                brand new exciting retail destination in the      national Geographic and timberland.
                                                                                                                                                                heart of the West end, a stone's throw from
                                                                                                                                                                london’s most prestigious shopping street.        to the south of Q3 lies piccadilly Circus, one




  and Success
                                                                                                                                                                                                                  of london’s most iconic landmarks where
                                                                                                                                                                the £300 million redevelopment will               £14 million is being invested in public realm
                                                                                                                                                                provide 15 new retail units totalling more        improvements in time for the 2012
                                                                                                                                                                than 20,000 sq ft beneath 180,000 sq ft of        Olympics. Works will include the removal of
                                                                                                                                                                grade a offices. the scheme will also include     nearly a mile of railings, the creation of
                                                                                                                                                                two of london’s largest and most important        wider pavements, and improved pedestrian
                                                                                                                                                                restaurants totalling 40,000 sq ft, further       crossings to make this a more shopper
                                                                                                                                                                adding to the attraction and ambience             friendly environment.
                                                                                                                            From its original design by John    of the area.
                                                                                                                                                                                                                                                                                                                           The £300 million
                                                                                                                                                                                                                                                                                                                           redevelopment will
                                                                                                                                                                                                                  Q3 is located on the edge of soho,
                                                                                                                           nash in the early 1800s, through     six of the units will have a frontage to the      london’s vibrant entertainment district                                                                  provide 15 new retail
                                                                                                                                                                newly pedestrianised Glasshouse street,           renowned worldwide for its eclectic mix of                                                               units totalling more
                                                                                                                            to its modernisation at the start   opposite Quadrant 1 at the site of the former     restaurants, bars and theatres and some of                             Gl
                                                                                                                                                                                                                                                                                            BreW
                                                                                                                                                                                                                                                                                                       er str
                                                                                                                                                                                                                                                                                                                  eet

                                                                                                                                                                                                                                                                                                                           than 20,000 sq ft
                                                                                                                                                                                                                                                                                                                           beneath 180,000 sq ft
                                                                                                                                                                                                                                                                                            as
                                                                                                                                                                Café royal, set to become london’s newest         the capital’s most exciting shopping
                                                                                                                                of the 20th Century, regent
                                                                                                                                                                                                                                                                                               s   hO
                                                                                                                                                                                                                                                                                                     Us
                                                                                                                                                                                                                                                                                                        e
                                                                                                                                                                and most fashionable hotel with 160 rooms         streets. it is set to become the West end’s                                               st
                                                                                                                                                                                                                                                                                                                           of grade A offices.




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                                                                                                                                                                                                                                                                    re
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                                                                                                                                                                                                                                                                                          air stre
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                                                                                                                                                                                                                                                                       Ge
                                                                                                                                                                                                                                                                         t
                                                                                                                                                                and exclusive dining and bar venues,              newest and most exciting retail and leisure
                                                                                                                              street has always moved with




                                                                                                                                                                                                                                                                         n
                                                                                                                                                                                                                                                                             st
                                                                                                                                                                                                                                                                               re
                                                                                                                                                                                                                                                                                    et
                                                                                                                                                                opening in early 2012.                            destination, a unique environment that will
                                                                                                                                                                                                                  appeal to tourists as well as local office
                                                                                                                           the times and is now once again      Q3 lies within 50 metres of regent street, one    workers and residents.                                      piCCaDilly

                                                                                                                                                                of the world’s leading shopping streets
                                                                                                                           one of the world’s premier retail    which has evolved into an essential location      For more information see q3london.com or
                                                                                                                                                                for British and international flagship stores.    contact: enquiries@thecrownestate.co.uk
                                                                                                                                  and business destinations.




                                                                                                                                                                Development Update
                                                                                                                                                                Delivering the Vision

                                                                                                                                                                1. W4 and ancillary residential developments
                                                                                                                                                                the next phase of the £1 billion regent street Vision investment programme is set to start on
                                                                                                                                                                site in the second half of 2011 with the redevelopment of block W4 on the west side of regent
                                                                                                                                                                street, half way between Oxford Circus and piccadilly Circus.
                                                                                                                                                                the £190 million redevelopment will deliver in excess of 140,000 sq ft of world-class retail and
                                                                                                                                                                office accommodation. it will also improve the public realm and preserve regent street’s
                                                                                                                                                                listed facades and heritage, together with many other significant historic features. residential
                                                                                                                                                                developments providing 45 affordable and open market rental flats will be developed                                                                        1. project W4
                                                                                                                                                                in parallel with the W4 project.
                                                                                                                                                                2. Quadrant 1 - the former Café royal block
                                                                                                                                                                the new structure is progressing apace at alrov’s Quadrant 1 scheme on the site of the former
                                                                                                                                                                Café royal. main building works will be complete by the end of the year with fit-out of the new
                                                                                                                                                                160 bedroom, five star, luxury hotel due to complete by april 2012.
                                                                                                                                                                3. Quadrant 3 - the former regent palace hotel block
                                                                                                        “The Crown Estate will continue to
at the start of the 21st Century much of the        this is not the end of the Crown estate’s
space behind the magnificent facades was            ambition. this year sees the launch of a ground                                                             at the Crown estate’s mixed-use Quadrant 3 redevelopment, the main building works
past its sell by date. the offices were tired and
unsuitable for modern occupiers while the
                                                    breaking property partnership for regent street.
                                                    in a £1.8 billion deal, norges Bank investment       directly manage the properties on                      are nearing completion and the focus has shifted to the fit-out and public realm works.
                                                                                                                                                                these elements include the reinstatement of the art deco features in the former atlantic

                                                                                                         behalf of the partnership and this
retail was unattractive to shoppers. so in          management (nBim), which manages the                                                                        Bar & Grill and the titanic restaurant rooms, and the pedestrianisation of Glasshouse street.
2002 the Crown estate launched the ‘regent          norwegian Government pension Fund Global,                                                                   4. piccadilly and st James's
street Vision’ a comprehensive £1 billion
regeneration programme.
                                                    will pay £452 million to take a 150 year lease on
                                                    a 25 per cent stake in regent street.
                                                                                                         is a truly resounding endorsement                      the piccadilly two-way scheme, being implemented by Westminster City Council and funded
                                                                                                                                                                by tfl, Westminster City Council & the Crown estate, has started. Works are well underway in

the Vision has transformed regent street into       David shaw, head of regent street portfolio at
                                                                                                         of our management and Vision for                       pall mall, have now started in piccadilly Circus and will shortly start on piccadilly. the scheme
                                                                                                                                                                will reintroduce the two way operation of pall mall, st James's street & piccadilly, reducing the
                                                                                                                                                                                                                                                                                                                           2. & 3. the Quadrant redevelopment


an international destination synonymous with
quality, heritage, style and success. a place
                                                    the Crown estate said: “the Crown estate will
                                                    continue to directly manage the properties on
                                                                                                         the Street from one of the world’s                     pedestrian dislocation caused by the wide one way streets. in piccadilly Circus it will introduce
                                                                                                                                                                more footway space, better pedestrian crossings, reduced clutter and improved natural stone
where world class retail and business space         behalf of the partnership and this is a truly        largest sovereign wealth funds.”                       pavements. Works are due for completion in 2012.
is matched by a public realm of outstanding
quality; where new food quarters complement
                                                    resounding endorsement of our management
                                                    and Vision for the street from one of the world’s    David Shaw, head of regent street portfolio            Regent Street is part way
a vibrant mix of flagship stores and smaller
distinctive shops. the street is now home
                                                    largest sovereign wealth funds.”                     the Crown estate
                                                                                                                                                                through a major programme
to brands like apple, aquascutum and
anthropologie, but also a blue chip business
                                                    this major new partnership will allow
                                                    the Crown estate to invest actively across its
                                                                                                                                                                of investment to reinvigorate
address for companies such as lloyds tsB
and matrix Group.
                                                    diverse portfolio, and importantly, in the next
                                                    phase of regent street’s regeneration that
                                                                                                                                                                and revitalise its office,
                                                    will ensure its position as the destination of
                                                    choice for international retail and the world’s
                                                                                                                                                                retail, leisure and residential
                                                    leading businesses.                                                                                         accommodation.                                                                                                                                             4. piccadilly Circus
           REGENT STREET
           W h e r e t i m e i s a lWay s W e l l s p e n t




regentstreetonline.com


For further information
contact David Shaw at:
the Crown estate
16 new Burlington place
london W1s 2hX
telephone: 020 7851 5232
Facsimile: 020 7851 5128
email: david.shaw@thecrownestate.co.uk
www.thecrownestate.co.uk

								
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