We drive value for clients through our detailed knowledge across the Offices sector.Discover more
London office complex to become Invesco Real Estate’s first carbon neutral redevelopment
20 Manchester Square (20MS), a prime office building in the West End of London currently being re-developed by Invesco Real Estate, will be the firm's first carbon neutral re-development on completion in 2024.
Some 72% of the original building structure will be recycled or retained, including the concrete frame and external walls, during the redevelopment, thus putting sustainability at the forefront of the project. The building is also targeting BREEAM 'Excellent' and WiredScore 'Platinum'.
“We are delighted to be working on this project which has deep sustainability credentials at its heart"
20MS is being re-designed by Squire & Partners in conjunction with Gerald Eve planning consultants. G&T is providing Cost Management, Project Management and Development Management services. The plan includes an increase in the net internal floor area by 20%, the creation of over 2,200 sq ft of external roof terrace space on an additional floor, and upgraded occupier amenities including facilities for active commuters.
Ed Ginn, Director of Investment Management at Invesco, said: “We are creating a first-class building in terms of floor plates and amenities in one of Central London’s best garden squares. 20 Manchester Square is also a great example of how Invesco is driving ESG efforts in real estate throughout the building lifecycle, with the aim to create and enhance value for clients through improved ESG integration.”
Eva Aftab at Gardiner & Theobald said: “We are delighted to be working on this project which has deep sustainability credentials at its heart, including the considered reuse of materials, ambitious goals and a focus on the health and wellbeing for tenants. We look forward to continuing to work with the team to deliver this exciting new workspace.”
Lazard, a leading financial advisory and asset management firm, has already been announced as the long-term tenant for 20 Manchester Square having signed a 15-year agreement in what will be its London head office, with the firm set to occupy the entire building. Invesco Real Estate will continue to enhance ESG performance once the building is occupied, in terms of wellness and operational carbon.
Images: © Squire & Partners