Stanhope plc
 | |
| Company type | Limited company |
|---|---|
| Industry | Real Estate |
| Founded | 1983 |
| Founder | Stuart Lipton Peter Rogers |
| Headquarters | London |
Area served | England |
Key people | David Camp (CEO) |
| Revenue | £32 million (2024) |
| £11 million (2024) | |
| Parent | AIMCo Cadillac Fairview (25%) Mitsui Fudosan |
| Website | www |
Stanhope plc is a large property development company based in London, England. Its developments have included Broadgate and Television Centre at White City.
History
[edit]Stanhope was founded by Stuart Lipton and Peter Rogers in 1983.[1][2] They were the developers of the Broadgate complex in the 1980s.[3]
In 1995, the company developed Gresham St Paul's (previously Garrard House) in Gresham Street, London, for Schroders.[4] The company went on to develop Paternoster Square, in partnership with Mitsubishi Estate, in the late 1990s.[5][6]
In 2000, Stanhope, along with British Gas, Lendlease, Chelsfield plc and Hambros Bank formed Exchequer Partnership plc, a special purpose vehicle, which successfully bid for the PFI contract for the refurbishment of Government Offices Great George Street, London to house HM Treasury.[7]
Lipton sold his share in the company to the chief executive, David Camp, in December 2005.[8][9] In July 2012, in partnership with Mitsui Fudosan and AIMCo, the company acquired Television Centre at White City for £200 million.[10][11] and, 2019, in partnership with Mitsubishi Estate, the company started work on the 51-storey 8 Bishopsgate tower block.[12]
As at December 2022, AIMCo, Cadillac Fairview and Mitsui Fudosan held a combined 80% of the shares with management owning the remainder.[13]
Notable projects
[edit]Notable projects Stanhope has been involved in have included:
- BFI IMAX[14]
- Broadgate[15]
- Central Saint Giles[16]
- Chiswick Works redevelopment as Chiswick Business Park[17]
- Gloucester Transport Hub[18]
- Station Hill, Reading[19]
- Stockley Park[20]
- Television Centre, London redevelopment as White City Place[11]
- 8 Bishopsgate[10]
References
[edit]- ^ Sir Stuart Lipton Lipton Rogers
- ^ "Lipton and Rogers form new London developer". Construction Enquirer. 14 January 2013. Retrieved 15 May 2024.
- ^ "Sir Stuart Lipton: The veteran property developer with a vision for a swathe of rundown London". Evening Standard. 12 December 2014. Retrieved 15 May 2024.
- ^ "Case study: Gresham St Paul's by WilkinsonEyre". Architects' Journal. 8 March 2021. Retrieved 15 May 2024.
- ^ "Work starts on Mitsubishi and Stanhope's Warwick Court refurb". Commercial News Media. 15 March 2021. Retrieved 15 May 2024.
- ^ "Translating Good Growth for London's Historic Environment". Historic England. p. 45. Retrieved 15 May 2024.
- ^ Merna, Tony; Njiru, Cyrus (2002). Financing Infrastructure Projects. London: ICE Publishing. doi:10.1680/fip.30404. ISBN 978-0727730404.
- ^ "Sir Stuart Lipton finalises Stanhope stake sale". Radius. 23 December 2005. Retrieved 15 May 2024.
- ^ "Jury: David Camp". West Smithfield International design Competition. Retrieved 15 May 2024.
- ^ a b "BBC, Stanhope Plc and Mitsui Fudosan complete sale of Television Centre" (Press release). BBC News. 20 July 2012.
- ^ a b "BBC sells Television Centre for £200 million". The Guardian. 14 July 2012. Retrieved 15 May 2024.
- ^ Norman, Paul (11 May 2022). "Mitsubishi and Stanhope Land Debut Tenant At Ultra Sustainable City Tower". CoStar Group. Retrieved 22 January 2023.
- ^ Cadillac Fairview buys 25% stake in Stanhope Stanhope 13 December 2022
- ^ "Imax transforms Waterloo's bullring". Architect's Journal. 3 June 1999. Archived from the original on 29 October 2023.
- ^ "Broadgate sees history repeat itself - at high speed". Financial Times. 19 August 2009. Archived from the original on 31 October 2023.
- ^ "Renzo Piano's designs for Central St Giles unveiled". Property Week. 25 March 2008. Archived from the original on 23 July 2024.
- ^ "Chiswick Park". Stanhope. Archived from the original on 8 December 2023.
- ^ "Gloucester transport hub to replace old bus station". BBC News. 14 May 2014.
- ^ "Station Hill: £500m Reading development gets new owners". BBC News. 12 June 2018.
- ^ "Darin buys at Stockley Park". Capital West London. Archived from the original on 11 January 2021.
