Merchant Square, Paddington
Reuben Brothers own, in a 50:50 partnership with the Jarvis family, the Merchant Square development in Paddington, Central London. A mixed-use development of c. 2,000,000 (2 million) sq ft in the heart of Westminster, Merchant Square is ideally placed to provide a much needed focus and sense of place.
The Paddington Basin regeneration project is well on the way towards achieving its ambitious vision. The area is already home to the aspiring residents, and world-class companies Everything Everywhere and Marks and Spencer. Merchant Square is superbly connected – just 16 minutes from Canary Wharf via London’s new Crossrail link, and 15 minutes from Heathrow Airport on the Heathrow Express.
Merchant Square will encompass 6 buildings, including a landmark 42-storey skyscraper, and the scheme provides office space, residential apartments as well as hotel and leisure facilities.
1. Merchant Square – Coming soon
Plans in November 2010 were unveiled for a 42-storey skyscraper, destined to be the tallest building in Westminster. The building of c. 420,000 sq ft will provide 222 apartments and a 90-room boutique hotel on the ground and lower floors. Lifts will ascend to the magnificent sky bar with spectacular 360º panoramic views over London.
2. Merchant Square – Coming soon
Planned c.250,000 sq ft development of office space. The 17 storey building will be flanked on either side by double-height retail spaces totalling 4,400 sq ft, ideal for cafes and bars with the option for galleried first-floor spaces.
3. Merchant Square – Completed Summer 2014
A 21 storey building of c. 390,000 sq ft. The residential space provides 201 units (159 private apartments and 42 affordable apartments). On the ground floor, amenities include a private residents’ lounge, a private screening room, a personal training room and business facilities. There is also be a first floor nursery with its own winter garden, and a total of 10,000 sq ft of retail units on the ground & mezzanine floors.
4. Merchant Square – Completed Nov 2010
A 16 storey building of c. 280,000 sq ft consisting of 153 apartments, 60 of which were pre-sold to the Crown. The development also provided 44 affordable apartments and features two canal-facing retail units on the ground floor, which have been both let.
5. Merchant Square – Completed Sept 2010
A 15-storey office building of c. 425,000 sq ft, which has been fully let. High-profile letting of over half of the building to Marks and Spencer for use as their corporate headquarters. Two ground-floor retail units are also let to the retail giant, with another 4,800 sq ft available for a restaurant facing the canal. Other tenants are service office provider Avanta, consumer transaction technology firm NCR, telecoms infrastructure company Helios Tower Africa, US healthcare firm United Health Group, and music company BMG Chrysalis. Virgin Active will be opening a 21,000 sq ft health club in early 2015.
6. Merchant Square – Coming soon
Planned c. 160,000 sq ft building over 15 storeys, consisting of 57 private apartments and 62 affordable housing flats. The development will also provide a medical centre and two ground floor retail opportunities.
Three further buildings were previously developed, completed and sold:
- ‘The Point’: 232,000 sq ft office building predominantly let to Orange;
- ‘Waterside’: 238,000 sq ft office building predominantly let to Marks and Spencer;
- ‘Paddington Walk’: 192,000 sq ft residential building consisting of 153 private apartments and 79 affordable apartments;
Click here to visit website www.merchantsquare.co.uk
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