The company has completed a key element in the Crown Estate’s redevelopment of southern Regent Street four months early, significantly under budget and with an exemplary safety record.
Alastair Smart, Head of Development at The Crown Estate, said:
“Development Manager Stanhope and Construction Manager Sir Robert McAlpine have done an outstanding job in delivering Quadrant 3, our most significant redevelopment yet, four months ahead of schedule and under budget.”
The project involved the conversion of the former Regent Palace Hotel to provide a mix of office, retail, residential and restaurant space around a central atrium.
Three of the corner pavilions which made up the building’s original façade were retained and significant sections of its exquisite art deco interiors restored and reinstated.
The project recorded 2.3 million man hours worked without a RIDDOR reportable accident during the construction phase.
The BREEAM Excellent development’s many sustainable features were key to attracting the first tenant to lease space within its office element, now known as AirW1.
Generation Investment Management, which was co-founded by former US Vice President Al Gore, has taken the 1,980m2 top floor.
Mr Gore said: “Generation is delighted to be The Crown Estate’s anchor tenant in this exciting building. The AirW1 office space and associated public realm development showcases their ongoing and increasingly sophisticated commitment to sustainability.”