Nestled in the heart of historic St James’s, works are progressing well at our major officeled redevelopment of 30 Duke Street, SW1. With deconstruction of the existing building now complete, construction of the reused steel frame has started.
The building has been designed to embrace the fundamental principles of the circular economy, as well as targeting the highest sustainability credentials. We are retaining the existing foundations and basement, and reusing steel from the dismantling of another GPE development, City Place House, EC2 (site of 2 Aldermanbury Square), to create open-plan, column-free floors.
With high specification amenities including a wellness suite, private terraces on the upper floors and communal roof terrace with panoramic views, 30 Duke Street will deliver a best-in-class office space into a prime West End location.
30 Duke Street is expected to complete in Q3 2026 and will provide 70,900 sq ft of new Grade A space into a market that is starved of premium supply. As a result, competition for the space has been strong and we have already pre-let the entirety of the offices to CD&R, the leading global investment firm. Given strong rental growth since commitment, the scheme is expected to deliver a profit on cost of 35.1% and a 7.1% development yield.