Hanover
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Masterplanning a new Mayfair location
hanoverlondon.com
Once completed, Hanover will provide 165,500 sq ft of Grade A office accommodation across three buildings. Prime retail and restaurant space comprises 42,100 sq ft of the development, predominately fronting New Bond Street, while six residential apartments totalling 12,200 sq ft are positioned on the junction of New Bond Street and Brook Street.
The entire development has been planned around Medici Courtyard, a new public space accessible from New Bond Street, Hanover Square and Tenterden Street.
The majority of the Grade A office accommodation fronts Hanover Square and will be located above the the new eastern entrance to the Elizabeth line’s Bond Street station. A separate building on New Bond Street contains new flagship retail units and office space above at 1 Medici Courtyard, and a restored Georgian Grade II* Listed building, 20 Hanover Square, hosting a restaurant and office space above.
In the heart of the West End, surrounded by prime retail, this unique opportunity will create a development of high quality offices, international quality retail stores and a new public space, appealing to both Londoners and visitors alike.
1.3
Acre site
West End - South
Location
220,000
sq ft
Office, retail & residential
Building type
Jace Tyrrell Chief Executive New West End CompanyThe Hanover project is an excellent example of the private and public sectors working in partnership. Through collaboration, GPE and Crossrail have each been able to maximise their respective proposals as well as providing a catalyst for improved public realm benefits for local stakeholders. The completion of the New Bond Street Crossrail station and the GPE Hanover development will be transformational to both Bond Street and Hanover Square itself and will provide a significant boost to the wider West End.
Standout features
Development progress
The construction of the new Elizabeth Line station on Hanover Square continued to advance during 2018. Crossrail has completed the underground structure and is progressing to the ticket hall at street level. As elements of the site have been completed Crossrail have handed them back to GPE to allow us to start building our 221,300 sq ft development.
In October 2018, with the structure of the station complete, our GHS joint venture acquired the remainder of the site through the grant of two new 150 year leases in accordance with the Development Agreement with TfL. This enables the construction of the over station element of the scheme, which we expect to complete in Q3 2020.
Careful site assembly
Our ownership started with one building of only 8,000 sq ft. Over a period of six months, in the year ending 31 March 2007, our specialist local knowledge enabled us to acquire six buildings, totalling 163,000 sq ft, in five separate acquisitions from five different vendors. Two of these acquisitions involved complex swap arrangements.
Since 2007 we have acquired two further buildings, one in 2008, which was the final piece in the site assembly that enabled the development scheme masterplan to begin and one in 2014 which, overlooking the site, will be used to host the marketing suite for the office and retail elements.
Generating value with Crossrail
A significant factor in the successful delivery of the project is the close working relationship we have with Crossrail. Without it, we would not have been able to maximise our masterplan, which would have resulted in a lesser scheme, without many of the public benefits.
We have also been able to coordinate the GPE and Crossrail construction programmes to ensure that we can each progress our works efficiently, as well as minimising the disturbance to our neighbours. Visitors and the local community will benefit from all that the combined project has to offer shortly after the station opens in 2019.
Creating a new West End destination
Our 224,000 sq ft Mayfair project will be transformational in many ways. It is being built next to and on top of the new Bond Street East Crossrail station and will provide a new pedestrian route and public courtyard connecting New Bond Street to Hanover Square.
The project will re-invigorate this part of the West End, creating world class office space, three-storey luxury retailing along New Bond Street, together with cafes, fine-dining restaurant and high-end residential.
The project has prompted wider benefits with significant new public realm proposed beyond the scheme itself, including a new traffic-free piazza on the west side of the Square, linked with Hanover Square Gardens and improvements to New Bond Street. We are working in partnership with Westminster City Council to help deliver these significant placemaking projects.
Ian Lindsay Land and Property Director, CrossrailOur long, collaborative working relationship with GPE has ensured a joined-up approach to dense development around major new transport infrastructure with a focus on place-making. With the GPE team, we have worked hard to ensure that our designs interface as seamlessly as possible and by co-ordinating our construction activities, we aim to minimise the disruption to the public.
Location
Transport links
- Oxford Circus 4 minutes’ walk
- Bond Street 7 minutes’ walk
- Tottenham Court Road 14 minutes’ walk
- Piccadilly Circus 12 minutes’ walk
Take a closer look
Available space
18 Hanover Square Office
| Floor/unit | Type | SQ.FT. |
| First Floor | Office | 16,454 |
1 Medici Courtyard Office
| Floor/unit | Type | SQ.FT. |
| Second Floor | Office | 9,058 |
| Third Floor | Office | 9,020 |
| Fourth Floor | Office | 8,919 |
| Fifth Floor | Office | 6,297 |
20 Hanover Square Office
| Floor/unit | Type | SQ.FT. |
| 20 Hanover Square | Office | 6,027 |
New Bond Street Retail
| Floor/unit | Type | SQ.FT. |
| 65–66 New Bond Street | Retail | 6,264 |
| 67–68 New Bond Street | Retail | 7,461 |
| 69 New Bond Street | Retail | 2,623 |
| 70–71 New Bond Street | Retail | 5,988 |
| 72 New Bond Street | Retail | 4,003 |
Courtyard Retail
| Floor/unit | Type | SQ.FT. |
| 1 Tenterden Street | Retail | 405 |
| 2 Medici Courtyard | Retail | 717 |
| 3 Medici Courtyard | Retail | 389 |
| 4 Medici Courtyard | Retail | 749 |
Restaurant
| Floor/unit | Type | SQ.FT. |
| 6 Medici Courtyard | Retail | 9,350 |
