50 Baker Street W1

50 Baker Street W1, previously held in a joint venture, comprises three leasehold properties that were acquired in Q3 2021: 38-52, 54-60 and 66-70 Baker Street W1 totalling 122,300 sq ft. The leasehold interests ranged from 38 to 46 years. In 2025 we acquired a fourth property, 64 Baker Street, from the freeholder, The Portman Estate. Together these buildings form a 1.0 acre island site capable of significant redevelopment.

Resolution to grant planning consent for a 236,000 sq ft office-led scheme, which is nearly double the existing floor area, was received in August 2024. Detailed design work is underway. The decision to acquire full control of 50 Baker Street was taken following the pre-letting success at our adjacent 25 Baker Street W1 project and reflects our ongoing confidence in the strength of the West End occupational market. Redevelopment works are expected to commence in H2 2026 with a target completion of H2 2029.

50 Baker Street has achieved a Platinum SmartScore certification. A global standard for smart buildings recognising exceptional user experiences, cost efficiency, high standards of sustainability and future-readiness.