M&G Real Estate and Nomura Real Estate Development (NRED) have joined forces to deliver The Fitzrovia – a £200m GDV 86,370 sq ft mixed-use scheme on Tottenham Court Road in London.
The Fitzrovia will deliver circa 86,000 sq ft of office, retail and residential space and on completion of the scheme in Q3 2024, M&G will be retained as asset manager.
Peter Riley, head of capital solutions and UK commercial at M&G Real Estate, said: “This joint venture is a clear sign that the central London office market is here to stay. Crossrail has made central London more accessible than ever spurring much needed, transformational investment into the area, benefitting The Fitzrovia.
“We look forward to a long and mutually beneficial partnership with NRED and targeting further selective opportunities to invest alongside leading real estate investors across the globe, to improve the built environment and deliver world class real estate investment propositions of scale.”
