Development Securities has held a ribbon cutting ceremony to mark the completion of the first phase of Hammersmith Grove, their speculative development on Lyric Square, now nearly a third under offer.
10 Hammersmith Grove is the 110,000 sq ft first phase of a 275,000 sq ft office scheme in the centre of Hammersmith. Development Securities worked with development partner Scottish Widows Investment Partnership Property Trust (SWIPPT) and designers Flanagan Lawrence on the project.
Sir Edward Lister, the Mayor of London’s Chief of Staff and Deputy Mayor, Policy and Planning, and Councillor Nicholas Botterill, Leader of London Borough of Hammersmith and Fulham, joined Development Securities Chief Executive Michael Marx for a ribbon cutting ceremony at the building this morning.
Development Securities also confirmed today that over one third of the office space, and two of the three restaurant units in the building are now under offer.
10 Hammersmith Grove offers 110,000 sq ft of Grade A office space over eight floors, with three roof terraces – providing views across Lyric Square and the rest of West London. The development also includes three restaurant units facing onto over 6,000 sq ft of new landscaped public space, equal to the size of the adjacent Lyric Square.
Julian Barwick, Director, Development Securities said: “10 Hammersmith Grove is the first new speculative office building to be built in Hammersmith in a decade, and offers the best West End quality space in West London. Benefitting from an enviable location, large floorplates and contemporary design, it is the right product for the modern occupier. With a third of the office space, and two out of three of the restaurant units now under offer to restaurateurs, as well as discussions with several additional parties ongoing, we look forward to announcing further lettings in the near future.”
Sir Edward Lister, Chief of Staff and Deputy Mayor, Policy and Planning, said “In order to lengthen London’s lead as a global centre of finance and trade, we need top class facilities to attract the very best businesses and investors, whether international or domestic. This ambitious project in Hammersmith will help meet strong demand for quality office space, demonstrating the appetite for locations across the city.”
Councillor Nicholas Botterill, Hammersmith & Fulham Council Leader, said: “10 Hammersmith Grove is the latest high-profile regeneration project to be completed in the town centre, and this innovative new building stands as testament to the confidence that domestic and international businesses have in Hammersmith. Its occupiers will benefit from unrivalled transport links, fantastic shops, leisure and entertainment facilities right outside their door.”