Mitsui Fudosan and Stanhope, as development manager, today announce that they will start the second phase of the redevelopment of Television Centre, with a total end value of £500m, signalling the success of the first phase and their continued confidence and commitment to White City and the London property market.
Phase 2 comprises a total of 511 homes in four separate plots designed by Stirling prize-winning architectural practices, following the masterplan established by lead architects AHMM, including a modern crescent shaped block of 180 apartments and a contemporary 25 storey tall building of 167 apartments for completion in 2026.
The development of phase 2 will complete the masterplan and further open up the site to local residents, visitors and workers by the creation of a second entrance on Wood Lane and pedestrian connection through to Hammersmith Park via interlinking urban streets. The development of a cluster of new buildings are designed to be distinctive and have a character of their own, complementing each other and the buildings established across the wider estate.
Construction has already started on 142 new affordable homes for Peabody in two new buildings called Macfarlane Place at Television Centre, with delivery expected in early 2024. Designed by Maccreanor Lavington Architects, the new buildings will replace the now demolished former BBC multi-storey car park on Wood Lane, W12, opposite Westfield. 1 Wood Crescent is under construction and recently ‘topped out’ and is due to complete in early 2023.
AIMCo, on behalf of some of its clients, and Mitsui Fudosan remain owners of Phase 1 which includes Soho House, the Helios residential building, 2 Television Centre (offices let to Publicis, the White Company and Soho Works) and 1 Wood Crescent (under construction and offices part pre-let to PvH Corp., the parent company to brands including Calvin Klein and TOMMY HILFIGER with Stanhope as Asset Manager.
