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
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
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[11]
- 8 Bishopsgate[10]
References
- ^ 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.
