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Stanhope plc

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Stanhope plc
Company typeLimited company
IndustryReal Estate
Founded1983
FounderStuart Lipton
Peter Rogers
HeadquartersLondon
Area served
England
Key people
David Camp (CEO)
Revenue£32 million (2024)
£11 million (2024)
ParentAIMCo
Cadillac Fairview (25%)
Mitsui Fudosan
Websitewww.stanhopeplc.com

Stanhope plc is a large property development company based in London, England. Its developments have included Broadgate and Television Centre at White City.

History

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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

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Notable projects Stanhope has been involved in have included:

References

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  1. ^ Sir Stuart Lipton Lipton Rogers
  2. ^ "Lipton and Rogers form new London developer". Construction Enquirer. 14 January 2013. Retrieved 15 May 2024.
  3. ^ "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.
  4. ^ "Case study: Gresham St Paul's by WilkinsonEyre". Architects' Journal. 8 March 2021. Retrieved 15 May 2024.
  5. ^ "Work starts on Mitsubishi and Stanhope's Warwick Court refurb". Commercial News Media. 15 March 2021. Retrieved 15 May 2024.
  6. ^ "Translating Good Growth for London's Historic Environment". Historic England. p. 45. Retrieved 15 May 2024.
  7. ^ Merna, Tony; Njiru, Cyrus (2002). Financing Infrastructure Projects. London: ICE Publishing. doi:10.1680/fip.30404. ISBN 978-0727730404.
  8. ^ "Sir Stuart Lipton finalises Stanhope stake sale". Radius. 23 December 2005. Retrieved 15 May 2024.
  9. ^ "Jury: David Camp". West Smithfield International design Competition. Retrieved 15 May 2024.
  10. ^ a b "BBC, Stanhope Plc and Mitsui Fudosan complete sale of Television Centre" (Press release). BBC News. 20 July 2012.
  11. ^ a b "BBC sells Television Centre for £200 million". The Guardian. 14 July 2012. Retrieved 15 May 2024.
  12. ^ Norman, Paul (11 May 2022). "Mitsubishi and Stanhope Land Debut Tenant At Ultra Sustainable City Tower". CoStar Group. Retrieved 22 January 2023.
  13. ^ Cadillac Fairview buys 25% stake in Stanhope Stanhope 13 December 2022
  14. ^ "Imax transforms Waterloo's bullring". Architect's Journal. 3 June 1999. Archived from the original on 29 October 2023.
  15. ^ "Broadgate sees history repeat itself - at high speed". Financial Times. 19 August 2009. Archived from the original on 31 October 2023.
  16. ^ "Renzo Piano's designs for Central St Giles unveiled". Property Week. 25 March 2008. Archived from the original on 23 July 2024.
  17. ^ "Chiswick Park". Stanhope. Archived from the original on 8 December 2023.
  18. ^ "Gloucester transport hub to replace old bus station". BBC News. 14 May 2014.
  19. ^ "Station Hill: £500m Reading development gets new owners". BBC News. 12 June 2018.
  20. ^ "Darin buys at Stockley Park". Capital West London. Archived from the original on 11 January 2021.