Tishman Speyer secures first lettings at Smithson Plaza
Tishman Speyer has secured the first lettings at Smithson Plaza, a development of renovated buildings at 23-27 St James’s Street in London’s West End, previously known as ‘The Economist Plaza’.
With the first phase of the refurbishment now complete, Tishman Speyer has let the 12th, 13th and 14th floors in the Smithson Tower on long-term leases.
Designed by renowned architects Peter and Alison Smithson and completed in 1964, the property comprises three mixed-use buildings (Tower Building, Bank Building and Residential Building) totalling approximately 81,000 sq ft (7,525 sq m) arranged around a central plaza.
Following the acquisition of the estate in 2016, Tishman Speyer appointed London-based architects DSDHA with the strategic brief to safeguard the future of the estate through considered investment in the buildings and their public realm, enhancing their historic significance and longevity, while delivering best-in-class accommodation.
The refurbishment has included a completely new lobby to the Smithson Tower, with a feature full-height screen, which shows a live feed of the view from the top of the 15-storey building. Six of the upper floors have been newly renovated, totalling approximately 22,000 sq ft.
Other works have included new double-glazed windows, brand-new air conditioning and lifts, as well as state-of-the-art amenities for tenants. The Smithson Tower offers 360-degree, unobstructed panoramic views of London and is the only refurbished office tower in St James’s.
Dan Nicholson, Managing Director of Tishman Speyer UK, says: “Our strategy to reposition Smithson Plaza as a best-in-class West End office destination is bearing fruit, and we have now completed our first lettings in the estate to tenants of the highest calibre. These businesses recognise that the office space and tenant services at Smithson Plaza provide a unique proposition and have committed to being part of that for the long term”.
Smithson Plaza is one of four major property acquisitions or developments for Tishman Speyer in London. Their portfolio includes The Point in Paddington, 33 Holborn and Verde SW1.