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12 Hammersmith Grove: U+I and Aberdeen’s latest office development ready to draw big names to Hammersmith

25.02.16

  • Project builds on the success of 10 Hammersmith Grove which set a new benchmark for rents in Hammersmith

  • Site, formerly owned by TfL, has generated revenue for reinvestment in London’s transport network

Property regeneration specialist, U+I, has announced the completion of construction works at 12 Hammersmith Grove, a 170,000 sq ft, Grade A office building which is the sister project to 10 Hammersmith Grove, both forward-funded by Aberdeen Asset Management (Aberdeen). Both buildings are located at the heart of the 'TV Triangle', a media cluster in West London spanning Hammersmith, Chiswick and White City. The area is an established commercial hub, acting as a magnet for media companies from global blue chips to new start-ups.

The site was formerly owned by Transport for London (TfL) who selected U+I to transform a former car park adjacent to Hammersmith station into a new commercial destination for Hammersmith to complement the wider regeneration of the town centre. 10 Hammersmith Grove set a new benchmark for modern and high class commercial space, providing a 'West End quality' product for the area. UKTV and Fox International Channels are amongst the tenant line up at No.10, underlining the attraction of the development to creative, media businesses. Commercial success has followed, with lettings achieved hitting £50 per sq.ft, a new record for Hammersmith.

The U+I and Aberdeen vision for 12 Hammersmith Grove is for a creative, modern and vibrant workplace. This is captured as soon as you enter the ground floor reception thanks to the work of contemporary stained-glass artist, Kate Maestri. She has created a striking double height, full-wall installation, which brings a richness and warmth to the building.

To complement the contemporary building design, the public realm created by U+I for 10 and 12 Hammersmith Grove provides a natural extension to Lyric Square and has become a busy and much loved dining destination for the local area. Bills and Byron are already established at No.10 with alfresco dining areas, surrounded by green walls and landscaped areas. Discussions are underway with a number of exciting operators for the final two restaurants to complete the line-up, making this a vibrant location from morning to night time.

Hammersmith Grove is just one example of a strong and successful partnership between U+I and TfL. The development has already unlocked significant returns to TfL which it is reinvesting back into the network.

Commenting, Matthew Weiner, CEO of U+I said "12 Hammersmith Grove is a great illustration of how an imaginative development can transform a previously overlooked site. We were entrusted by TFL and the London Borough of Hammersmith to create an attractive and vibrant space for businesses and I am thrilled that 10 Hammersmith Grove is already thriving at the heart of the 'TV Triangle' in West London. 12 Hammersmith Grove builds on that success and I look forward to announcing new tenants in the near future, adding even more creative and growing businesses to the area."

Gerry Ferguson, Aberdeen Asset Management said "We are delighted to confirm the completion of 12 Hammersmith Grove, the second and final phase of this striking speculative office led regeneration scheme in Hammersmith. The Hammersmith office market has significantly strengthened since the commencement of this project with TfL and U+I. We are therefore very confident that we can attract similar high calibre tenants to follow on from our hugely successful scheme at No 10."

Ends

Notes to editors
About U + I

U+I is a property regeneration company that transforms undervalued parts of towns and cities into communities where people and enterprise can thrive. The product of a merger between Development Securities PLC and Cathedral Group, two of the UK’s leading property companies, U+I has a current market capitalisation of c. £300 million.

With a portfolio of mixed-use regeneration projects in London, the south-east, Manchester and Dublin we bring creativity and innovation to some of the most exciting opportunities in the property market. We combine financial strength and commercial acumen, a strong track record of working in partnership with public bodies, a commitment to the highest standards of design and architecture and a careful curation of place and history, to deliver long-term, sustainable change and value for our diverse stakeholder groups.

For further information, please contact:

Lucy Grimble
Head of Communications
U+I 
T: 020 7828 4777
lucygrimble@uandiplc.com

Orla Swindells
Blue Rubicon
T: 020 7260 2700
Orla.Swindells@bluerubicon.com

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