Longmartin Properties launches multi-million flagship
Longmartin Properties Ltd, a joint venture between Shaftesbury and The Mercers’ Company, has announced the completion of the £10 million refurbishment of 143 Long Acre. The building is situated at the gateway to Covent Garden from Leicester Square and comprises a flagship retail store and five floors of office space.
Located on the corner of Long Acre, and with St Martin’s Courtyard sitting behind, the fully refurbished 143 Long Acre buildingleads with a 4,000 sq ft flagship retail opportunity on the ground floor. An additional 7,600 sq ft of offices, named The Arbour, spans across five floors above and is completed by a private 500 sq ft rooftop terrace. Designed by Ian Ritchie Architects, the building has enhanced the prominent corner on Long Acre to create a bold, contemporary mixed-use building. Its façade features glazed panelled walls and floor-to-ceiling windows affording views across the capital.
Commenting on the launch of the new Long Acre opportunityon behalf of Longmartin Properties Ltd, Simon Taylor, Property Director at The Mercers’ Company, said: “143 and The Arbour are revitalised landmarks in Covent Garden, with the investment delivering new and innovative space for both retail and offices within one of the most renowned areas in London’s West End. The retail space, in particular, is set amongst a great line-up of the UK and international brands on Long Acre and neighbouring St Martin’s Courtyard.”
Charles Owen, Portfolio Executive at Shaftesbury on behalf Longmartin Properties LTD added: “Our significant investment in this project highlights our commitment to delivering a high-quality mixed-use space within the heart of Covent Garden. Taking full advantage of its unique positioning in London’s West End, this redevelopment sets the benchmark for the future plans of the Longmartin Estate. All elements of the building have been carefully considered to complement the rich heritage within the area, while still delivering a statement retail and office space.”
Colliers and Hanover Green Retail are the leasing agents for the retail space at 143 Long Acre and Colliers and CBRE for the offices.
Notes to Editors
Shaftesbury owns and manages a 15-acre property portfolio in the liveliest parts of London’s West End. Focused on restaurants, leisure and retail in the highly popular, sought-after and prosperous locations of Carnaby, Seven Dials and Chinatown, it also includes substantial ownership in East and West Covent Garden, Soho and Fitzrovia.
The portfolio comprises nearly 600 shops, restaurants, cafés and extending to 1.1 million sq. ft., 593 apartments and 0.5 million sq. ft. of offices. All our properties are close to the main West End Underground stations, which currently handle c 228m passenger’s p.a., and are within ten minutes’ walk of the two West End transport hubs for the Elizabeth Line, at Tottenham Court Road and Bond Street, which projections indicate could be handling 200 million passengers annually by the mid-2020s.
About The Mercers Company
The Mercers’ Company is a nearly 700 year old City of London Livery Company and is first in the order of precedence. The Company, and its associated charitable trusts, make substantial grants to support young people, education, older people, churches and communities, predominantly funded through a large property portfolio, located in the City of London, and in Covent Garden in the West End of London, including the Longmartin Joint Venture with Shaftesbury PLC for St Martins Courtyard.
A network of almshouses and other homes for the elderly are also managed by the charitable trusts associated with the Company. The Company is involved with the running of 16 schools across the country and supports them primarily through the appointment of governors.