Burberry has opened a new flagship store at No.1 Sloane Street. The iconic British luxury brand is the first tenant to open in the 340,000 sq ft redevelopment at the northern end of The Estate for which Chelsfield is the asset and development manager on behalf of owners The Olayan Group.
The development, designed by leading architects Fletcher Priest, transforms an iconic corner of Knightsbridge to deliver a brand-new mixed-use scheme behind retained period façades preserving the unique character of the area. The development once fully complete delivers seven large retail units, a 67,000 sq ft office building, 33 apartments and a rooftop restaurant. To date three of the seven flagship stores have been pre-let.
At Chelsfield, we believe that being a responsible and successful developer often means our work stretches beyond the buildings themselves. Improvements to the public realm bring real benefits to those who live, work and visit the area, and this attention to detail also adds value to the assets.
At The Knightsbridge Estate in London, where we are asset and development manager for owner The Olayan Group, strategic improvements to the public realm and infrastructure will have a major impact on the residents of Knightsbridge as well as its visitors.
At Chelsfield, we want to embrace the excitement and pace of normal city living but we also want to build in spaces that are mindful and speak to the quieter sides of people’s needs.
We believe this is important even in the heart of a busy metropolis, where thousands of residents, workers, shoppers and tourists converge each year.
By Eric Treguier for Challenges
When it comes out next year, “50, Montaigne” will be the most elegant building in a district – the eighth arrondissement of Paris – which has no shortage of iconic buildings. A guided tour of the construction site with its architect…
Vast (12,500 sqm), historic with its façade dating from 1890, eco-friendly with its green façades and roof, “50 Montaigne” will offer unparalleled comfort in the neighbourhood, to a thousand privileged employees. Indeed, you will have to be privileged and work for a company with deep pockets to settle there, because the rent will not be ordinary either: 930 € per sqm. This will make it one of the most expensive office buildings in the capital, in a district – the eighth arrondissement of Paris – where there is no shortage of competitors in restructuring: 54, Montaigne (also owned by The Olayan Group); 22, Bayard (former headquarters of RTL) and 26 bis rue François-1er (former headquarters of Europe 1). “We hope to rent it to a luxury group or to a consulting or law firm”, explains Nicolas Marin, Senior Asset Manager, Chelsfield France and responsible for the management of this building which belongs, like several others in the neighbourhood, to The Olayan Group.