Second Phase of Television Centre Scheme to Begin
A visualisation of the aerial view of the completed scheme from the developer
The second phase of the £500m scheme to redevelop the Television Centre site is set to begin following the acquisition of the remainder or the site by Mitsui Fudosan.
Phase 2 comprises a total of flat homes in four separate plots including a modern crescent shaped block of 180 apartments and a 25 storey tall building of 167 apartments for completion in 2026. In total there will be 511 more flats built at the site before the completion of the scheme on top of over 430 that have already been developed.
The work will follow the masterplan established by lead architects AHMM and further open up the site to local residents, visitors and workers by the creation of a second entrance on Wood Lane and pedestrian connection through to Hammersmith Park via interlinking streets.
The project is being undertaken by Mitsui Fudosan and Stanhope.
CGI of the new flats to be built on Wood Lane
Construction has already started on 142 new affordable flats for Peabody in two new buildings called Macfarlane Place at Television Centre, with delivery expected in early 2024. Designed by Maccreanor Lavington Architects, the new buildings will replace the now demolished former BBC multi-storey car park on Wood Lane, W12, opposite Westfield. 1 Wood Crescent is under construction and recently ‘topped out’ and is due to complete in early 2023.
Jonathan Trout, Property & Commercial Director at Stanhope said, “We are delighted to be working with Mitsui Fudosan as development manager for the delivery of a new residential 25 storey tower with 167 apartments and 180 apartments in a crescent block by 2026. The start of phase 2 demonstrates the commitment of Stanhope and Mitsui Fudosan to the delivery of much needed new housing, including affordable, in Hammersmith & Fulham and our long-term commitment to the area.”
Tomoo Nakamura, Managing Director, Mitsui Fudosan UK said, “This announcement underlines our continued commitment to the development of the Television Centre site and the range of opportunities which it offers for the delivery of a number of significant commercial and residential projects. Having recently become the sole owner of Phase 2, we are delighted to be able to continue to collaborate with Stanhope as development manager for the delivery of almost 350 new apartments. We have already completed over half a million square feet of office space as well as more than 430 homes on the Television Centre site. We remain focused on ensuring that this development continues to be delivered to the highest standards while we continue to explore other investment opportunities in London.”
AIMCo, on behalf of some of its clients, and Mitsui Fudosan remain owners of Phase 1 which includes Soho House, the Helios residential building, 2 Television Centre (offices let to Publicis, the White Company and Soho Works) and 1 Wood Crescent (under construction and offices part pre-let to PvH Corp., the parent company to brands including Calvin Klein and TOMMY HILFIGER with Stanhope as Asset Manager.
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August 1, 2022