Work has begun on site on the new eleven-storey, 260,000sq ft Gateway Central building at White City Place.
Stanhope is managing the work on behalf of investors Mitsui Fudosan and Alberta Investment Management Corporation (AIMCo). Six floors of the building are pre-let to L’Oréal UK and Ireland. Construction is scheduled to be completed at the end of 2022.
The global cosmetics company will be moving their UK and Ireland headquarters to the building, choosing to stay in Hammersmith & Fulham after many years based in Hammersmith town centre. Stanhope say the building will provide a space that reflects L’Oréal’s ways of working, “focusing on collaboration, creativity and agility and adapted to the opportunities and new reality of the post-COVID world.”
As part of the move, the L’Oréal Academy, which will train more than 10,000 hairdressers a year, will be located in the new building.
Designed by Allies and Morrison, Gateway Central has a total floor space of over 260,000 square feet and includes a large outdoor terrace. Other occupiers in the vicinity include online luxury fashion retailer YOOX-NET-A-PORTER, Swiss multinational pharmaceutical Novartis, the BBC and ITV Studios.
With White City Place almost full, the delivery of Gateway Central will provide new space to meet the continued demand from companies looking to relocate to the area, say Stanhope. There will be a further 160,000 sq ft of available space in the remaining five floors of the building.
The building which will be located on land directly adjacent to MediaWorks is part of the wider regeneration of White City, which has seen the area transformed into a world class business and education district.
David Camp, Chief Executive, Stanhope said: “Gateway Central is the next step in helping us complete our vision of transforming White City Place into a global business district for world class companies. Delivering over 260,000 sq. ft. of new floor space, the building will enable us to continue to meet the significant demand for office space at White City Place. L’Oréal’s commitment to moving their new headquarters to the new building will complement the mix of other creative companies that call White City their home.”
Vismay Sharma, Country Managing Director, L’Oréal UK and Ireland said: “Relocating our corporate headquarters provides us with a unique opportunity post-COVID to build a workplace for tomorrow, designed around modern working methods that encompass L’Oréal’s ethos of creativity and innovation.”
Cllr Stephen Cowan, Leader of the London Borough of Hammersmith & Fulham, said: “Our first-of-its-kind Industrial Strategy is building Hammersmith & Fulham into a global hotspot for businesses in STEM industries, media, the arts, and fashion. I’m therefore delighted that L’Oréal, the world’s largest cosmetics company, has commissioned its new UK and Ireland headquarters at the epicentre of all that exciting economic activity.
“L’Oréal are a wonderful corporate citizen who already work closely with us giving young people with special educational needs and disabilities opportunities in work. I look forward to deepening that relationship and watching L’Oréal thrive”.