19-35 Baker Street
19-35 Baker Street
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Introducing 25 Baker Street
Discover our premier project, previously known as 19-35 Baker Street, encompassing 298,000 sq ft, initiated in October 2021. Through a strategic agreement with The Portman Estate, our 55% share in a 69-year lease has been converted to a fully owned 129-year headlease, covering the 206,000 sq ft office segment. The initial ground rent is set at 2.5%, increasing to 6% over 29 years.
Development Details
- Features 45,000 sq ft of residential space available for purchase at 100 George Street W1, in partnership with Native Land, including affordable housing units.
- 19,000 sq ft of courtyard retail and 12,000 sq ft of Gloucester Place offices were sold to The Portman Estate as part of the dissolution of our former joint venture.
- In February 2023, PIMCO pre-leased 106,100 sq ft of office space on levels five to nine at £11.0m per annum (£103 per sq ft) for a 15-year term without breaks.
- In August 2023, Moelis pre-leased an additional 49,200 sq ft of office space at £100 per sq ft (£4.9m per annum) on a 15-year lease with a break option in the tenth year.
- The commercial space at 25 Baker Street is now 76% pre-leased/sold, excluding the pre-completion expansion option.
Financial Overview and Sustainability
- Total capital expenditure is estimated at approximately £270m, partially financed through the 'green' tranche of our revolving credit facility.
- This building will be our first NABERS UK certified project, aiming for BREEAM 'Outstanding' certification.
- Estimated rental value (ERV) as of June 2023 is £20.0m (net).
Certifications and Completion
- 25 Baker Street has achieved Platinum SmartScore certification, setting a global benchmark for smart buildings with outstanding user experiences, cost efficiency, sustainability, and future-readiness.
- Anticipated completion in the first half of 2025.
*The descriptions, images, and related information displayed here are derived from marketing materials found on the developer's website. Entralon does not guarantee or assume any responsibility for the accuracy or completeness of the property descriptions or related information provided here, and they do not constitute property particulars. This revised description maintains a professional tone and highlights the key features and details of the property, providing potential buyers with a comprehensive overview of the project.
ICS London - Wyndham Place
ST NICHOLAS MONTESSORI TRAININ
St Mary's Bryanston Square Primary Schoo...
Baker Street Station
Marble Arch
Bond Street
Marylebone Station
Oxford Circus Underground Station
Paddington Station
George Street (Stop J)
Dorset Street (Stop R)
Cobalt, The
University College Hospital at Westmorel...
London Medical
The London Clinic
The Wallace
Costa Coffee
Wigmore Hall
Brown Hart Gardens
Grosvenor Square
Cavendish Square Gardens
Fitness First
Holmes Hotel London
The Marylebone Hotel
Waitrose & Partners Marylebone
Green Valley
Marks and Spencer
19-35 Baker Street
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Marylebone, Oxford Circus Underground Station, Paddington Station, Baker Street Station, Marble Arch, Bond Street, located near 19-35 Baker Street.
ICS London - Wyndham Place, ST NICHOLAS MONTESSORI TRAININ, Primary Industries UK Ltd, located near 19-35 Baker Street.
The facilities available to residents of 19-35 Baker Street are Balcony and Educational Options.
The total price range of flats in 19-35 Baker Street is £0K – £0K
The completion date of 19-35 Baker Street is 2025
The postcode of 19-35 Baker Street is W1U
You can view the 19-35 Baker Street Site Plan in the Site Plan section above.
The zone number of 19-35 Baker Street is Zone 1.
The total number of flats in 19-35 Baker Street is 41.
The address of 19-35 Baker Street is 19-35 Baker Street, London W1U 8EQ.
Derwent London is the developer of 19-35 Baker Street.
