St James’s Square
To provide strategic advice in relation to Rio Tinto’s prestigious headquarters premises with a view to optimising value of their freehold interest.
An initial options analysis identified highest value and most deliverable uses for the site, with the recommendation value would be maximised through securing of planning consent.
C&W was appointed as Development Manager to manage the process through design development of a 220,000 sq ft scheme including Grade A offices, and 13 luxury apartments within a Grade II* listed structure, to the successful securing of planning consent, taking the majority of property specific decisions on behalf of Rio Tinto plc.
Following consent, C&W was retained to advise on the procurement strategy for the appointment of a developer and are currently acting as Development Monitor on every aspect to ensure the developer is delivering to time and cost.
C&W was able to provide a package of services to assist the client realise maximum value from its freehold interest in prime Mayfair. The instruction also included leasing agency to acquire a new 100,000 sq ft corporate headquarters at Paddington as well as Project Management services to manage the fit out.