The Crown Estate, which owns the freehold on the majority of London’s Regent Street, has announced a £100m redevelopment plan for Morley House.
The redevelopment forms part of the organisation’s ongoing £1bn regeneration of Regent Street and will be taken forward in collaboration with main contractor, Kier Construction, and development manager, Waltonwagner.
The new building is expected to complete in summer 2020 and will deliver 11,000 sq ft of retail space as well as 44 new residential units which will be available to let.
Bob Dawson, head of the Regent Street portfolio at The Crown Estate, said: “Regent Street is one of the world’s top destinations for shopping, business and leisure.
“Ongoing investments such as Morley House are an important part of our long-term commitment to London’s West End and support our vision to refocus the area north of Oxford Circus around high-quality lifestyle and leisure, complementing the fashion-led offer on the rest of Regent Street.”
With a rolling investment programme since 2002, The Crown Estate has transformed Regent Street into one of the world’s the world’s most popular retail and leisure destinations, with dozens of global brands opening flagship stores on the iconic stretch of London’s retail scene.