Company type | Private limited company by shares |
---|---|
Industry | Real estate management |
Founded | 9 December 1993 |
Headquarters | London , UK |
Area served | 13.8 acres |
Key people | Ahsan Ellahi |
Owner | Samuel Tak Lee |
Parent | Mount Eden Land Limited (Guernsey) |
Website | www |
The Langham Estate is a property estate in Fitzrovia, London, and is owned by the Mount Eden Land Limited (Guernsey). The company controls 14 acres of real estate in central London. A third of its property portfolio was sold in 2024.
The Langham Estate originates from an entity first established in 1925 to manage a holding of 40 acres of land purchased from the Howard de Walden Estate in central London. [1] [2] [3] The properties, acquired for £3m and located in eastern Marylebone, [1] [4] then passed through various owners, including Sir John Ellerman's Audley Trust, before being acquired in 1994 by Guernsey-based Mount Eden Land Ltd for £51m. [1] [5] [6] [7] Under Sir John Ellerman, the holdings covered almost all Great Portland Street, and much of streets alongside it (including Hallam, Bolsover, Margaret and Great Titchfield Streets). [1] [8] [9] Numerous holdings on Great Portland Street were divested over the years.
The Langham Estate operates in an area noted for its media connections, restaurants, design showrooms and art galleries. [10] The Langham Estate was described in 2017 as being one of London's 16 Great Estates with its footprint of 13.8 acres of central London property. [11] [12] Many of the entity's original properties are still held—but now in the form of freehold as their long leases have been sold off. [1]
Samuel Tak Lee of Hong Kong is said to be its owner. [5] [13] [14] Mr Lee reportedly sought control of Shaftesbury PLC's neighbouring 15-acre estate until his interests in it were sold in June 2020. [15] [16] [17]
The Fitzrovia real estate market has been undergoing a renewal. [18] The area has witnessed significant increase in rents and rates along with markedly higher occupant turnovers. [19] [20] Property values have increased in part due to changes in planning constraints, [21] [22] along with the impact of the Cross Rail and Oxford Street projects, which were projected to increase commercial activity in the area. [23] [24] [25]
The company markets some of its properties under the banners of Noho and/or FitzNovia to describe an area just north of Oxford Street and just west of Regent Street. [26] [27] The company website states the company holds a "1.3 million sq feet (29 acre) mixed portfolio of office, showroom, retail, restaurant, bar, residential and storage" properties. [28] [5]
A neighbourhood plan is being developed for Langham Estate's Fitzrovia area. This is being done in consultation with stakeholders, the Langham Estate and other local landlords, businesses and residents. [29] [30] The plan focused on improving the local amenity, affordable housing provision, poor broadband data services and air pollution conditions. [31] [32] [33]
In August 2023, Langham Estate decided to divest itself of a third of its property holdings. [34] These include 27 freehold assets of offices, retail, leisure, educational, medical and residential properties in northern Fitzrovia. [35] These properties were reportedly sold for £350m in January 2024. [36]
The West End of London is a district of Central London, London, England, west of the City of London and north of the River Thames, in which many of the city's major tourist attractions, shops, businesses, government buildings and entertainment venues, including West End theatres, are concentrated.
The London Inner Ring Road, or Ring Road as signposted, is a 12-mile (19 km) route with an average diameter of 2.75–5.5 miles (4.43–8.85 km) formed from a number of major roads that encircle Central London. The ring road forms the boundary of the London congestion charge zone, although the ring road itself is not part of the zone.
Great Portland Street station is a London Underground stop between Baker Street and Euston Square stations. It lies on the Circle, Hammersmith & City and Metropolitan lines. Great Portland Street station is listed as a building of National Significance and is in Travelcard Zone 1.
Fitzrovia is a district of central London, England, near the West End. The eastern part of the area is in the London Borough of Camden, and the western in the City of Westminster. It has its roots in the Manor of Tottenham Court, and was urbanised in the 18th century. Its name was coined in the late 1930s by Tom Driberg.
The Metropolitan Borough of St Marylebone was a metropolitan borough of the County of London from 1900 to 1965. It was based directly on the previously existing civil parish of St Marylebone, Middlesex, which was incorporated into the Metropolitan Board of Works area in 1855, retaining a parish vestry, and then became part of the County of London in 1889.
Great Portland Street is a road in the West End of London which links Oxford Street with the A501 Marylebone Road. A commercial street, it divides Fitzrovia, to the east, from Marylebone to the west. It delineates areas with contrasting identities, the west at strongest in grandiose Portland Place and Harley Street, the east at strongest in artists' and independent businesses of Fitzrovia.
Great Titchfield Street is a street in the West End of London. It runs north from Oxford Street to Greenwell Street, just short of the busy A501 Marylebone Road and Euston Road. It lies within the informally designated London area of Fitzrovia. In administrative terms it is in the City of Westminster. It lies within their designated East Marylebone Conservation Area in the former Metropolitan Borough of St Marylebone.
Fitzroy Place is an office, residential and retail estate in Fitzrovia, London. With 289 homes, with interiors designed by Johnson Naylor, and 220,000 sq ft of office space, Fitzroy Place houses a series of shops and restaurants, offices and community spaces, set around a publicly accessible central square. The square, which was the first new garden square in W1 for 100 years, incorporates the Grade II* listed Fitzrovia Chapel.
Shaftesbury PLC was a British real estate investment trust which invests exclusively in the heart of London's West End. It was headquartered in London and was listed on the London Stock Exchange until it merged with Capital & Counties Properties to form Shaftesbury Capital in March 2023.
Marylebone is an area in London, England and is located in the City of Westminster. It is in Central London and part of the West End. Oxford Street forms its southern boundary.
Hallam Street is a road situated in the Parish of St Marylebone and London's West End. In administrative terms, it lies within the City of Westminster's West End Ward as well as the Harley Street Conservation Area. Formerly named both Charlotte Street and Duke Street, it was renamed in the early 1900s after Henry Hallam (1777–1859), a noted historian who had been a local resident, and his son Arthur Henry Hallam (1811–1833), poet and the subject of Tennyson's elegy In Memoriam.
Shaftesbury Capital, formerly Capital & Counties Properties plc, (Capco) is a United Kingdom-based property investment and development company focused on sites in the West End of London, including Covent Garden, Chinatown London and Carnaby Street, Soho.
Cleveland Street in central London runs north to south from Euston Road (A501) to the junction of Mortimer Street and Goodge Street. It lies within Fitzrovia, in the W1 post code area. Cleveland Street also runs along part of the border between Bloomsbury (ward) which is located in London Borough of Camden, and West End (ward) in the City of Westminster. In the 17th century, the way was known as the Green Lane, when the area was still rural, or Wrastling Lane, after a nearby amphitheatre for boxing and wrestling.
Portland Place is a street in the Marylebone district of central London. Named after the 3rd Duke of Portland, the unusually wide street is home to the BBC's headquarters Broadcasting House, the Chinese and Polish embassies, the Royal Institute of British Architects and numerous residential mansion blocks.
The Howard de Walden Estate is a property estate in Marylebone, London, owned by the Howard de Walden family. As of 2020 the estate was reported to be worth £4.7 billion.
Samuel Tak Lee or Lee Tak-Yee is a Hong Kong property billionaire.
Weymouth Street lies in the Marylebone district of the City of Westminster and connects Marylebone High Street with Great Portland Street. The area was developed in the late 18th century by Henrietta Cavendish Holles and her husband Edward Harley, 2nd Earl of Oxford. This part of Marylebone was noted to part of Manor of Tyburn and dates back to the year 1086.
Edward Boehmer (1861–1940) was an American-born, London-based architect.
Margaret Street is a street that straddles the Marylebone and Fitzrovia areas of the City of Westminster in the West End of London, running from Cavendish Square to Wells Street via Regent Street (A4201), Great Portland Street, and Great Titchfield Street. It is north of and parallel to the major shopping street, Oxford Street. John Prince's Street runs between Margaret Street and Oxford Street.