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] The properties, acquired for £3m and located in eastern Marylebone,[1][3] 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][4][5] 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][6][7] 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.[8] 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.[9][10] 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]
Great Portland Street is long known for its shops and restaurants
The Fitzrovia real estate market has been undergoing a renewal.[16] The area has witnessed significant increase in rents and rates along with markedly higher occupant turnovers.[17][18] Property values have increased in part due to changes in planning constraints,[19][20] along with the impact of the Cross Rail and Oxford Street projects, which were projected to increase commercial activity in the area.[21][22][23]
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.[24][25] 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.[4]
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.[26][27] The plan focused on improving the local amenity, affordable housing provision, poor broadband data services and air pollution conditions.[28][29][30]
In August 2023, Langham Estate decided to divest itself of a third of its property holdings.[31] These include 27 freehold assets of offices, retail, leisure, educational, medical and residential properties in northern Fitzrovia.[32] These properties were reportedly sold for £350m in January 2024.[33]
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