Crown Estate secures high profile tenant at Regent Street office scheme

Quadrant 3 development complete as retail, restaurant and office tenants sign up

Article posted: 22 Nov 2011

The Crown Estate recently completed its mixed-use Quadrant 3 development and has begun to hand space over to a list of high profile retail, restaurant and office tenants, including a company co-founded by former US Vice President, Al Gore. The £300 million, 270,000 sq ft building is just off the southern end of Regent Street, adjacent to Piccadilly Circus.

The scheme's pioneering sustainable features have been key to attracting its first tenant to its 200,000 sq ft of Grade A office space in the heart of the West End. Generation Investment Management, the independent investment management firm dedicated to long-term, sustainable investing has signed a 15-year lease for the 21,300 sq ft top floor space.

Endorsing Quadrant 3, Al Gore, Chairman of Generation Investment Management 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. We are very pleased to be able to continue our partnership with The Crown Estate, whose emphasis on sustainability is fully aligned with our own values and investment philosophy."

The scheme has been awarded a BREEAM excellent rating. Decentralised energy production and energy efficiency measures significantly reduce carbon emissions. Two combined cooling heat and power units, photovoltaic cells and thermal stores provide 22 per cent of the energy and head for the entire building. One of these units is the largest and most efficient fuel cell in Europe, reducing CO2 by 40%.

Alastair Smart, Head of Development at The Crown Estate commented: "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."

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Posted by Sam