Category A refurbishment of 44 Whitfield Street in London
DTZ Investors acquired the freehold of a commercial office building in the West End of London between Charlotte Street and Tottenham Court Road. The building whilst occupied was tired and it was felt that a comprehensive refurbishment would allow the client to maximise their return on the asset. The client required advice on options for refurbishment to improve the building and required a Project Manager to oversee the project from start to finish. DTZ Investors therefore engaged Cushman & Wakefield to advise on options for refurbishment followed by assembly of the necessary professional team and ultimate delivery of the desired scheme.
Cushman & Wakefield provided client representative services comprising Project Management, Employers Agent and Cost Control for the project which was procured as a design and build Contract. Cushman & Wakefield assembled and managed the professional team required to deliver the scheme.
The construction and refurbishment took 14 months and comprised a roof extension, rear extension, re-clad of the front façade and full Category A refurbishment suitable for re-letting the building. As a result of the works, the Client has been able to increase the rentable floor and has signed new tenants at rental values significantly greater than when they purchased the building. The building has been shortlisted for RICS Awards 2017 in the Commercial Category