 | |
| Company type | Limited company |
|---|---|
| Industry | Real Estate |
| Founded | 1983 |
| Founder | Stuart Lipton Peter Rogers |
| Headquarters | London |
Area served | England |
Key people | David Camp (CEO) |
| Revenue | £32 million (2024) |
| £11 million (2024) | |
| Parent | AIMCo Cadillac Fairview (25%) Mitsui Fudosan |
| Website | www |
Stanhope plc is a large property development company based in London, England. Its developments have included Broadgate and Television Centre at White City.
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 Stanhope has been involved in have included:
The Nikkei 225, or the Nikkei Stock Average, more commonly called the Nikkei or the Nikkei index, is a stock market index for the Tokyo Stock Exchange (TSE). It is a price-weighted index, operating in the Japanese Yen (JP¥), and its components are reviewed twice a year. The Nikkei 225 measures the performance of 225 highly capitalised and liquid publicly owned companies in Japan from a wide array of industry sectors. Since 2017, the index is calculated every five seconds. It was originally launched by the Tokyo Stock Exchange in 1950, and was taken over by the Nihon Keizai Shimbun newspaper in 1970, when the Tokyo Exchange switched to the Tokyo Stock Price Index (TOPIX), which is weighed by market capitalisation rather than stock prices.
White City is a district of London, England, in the northern part of Shepherd's Bush in the London Borough of Hammersmith and Fulham, 5 miles (8 km) west-northwest of Charing Cross. White City is home to Television Centre, White City Place, Westfield London and Loftus Road, the home stadium of Queens Park Rangers F.C. The district got its name from the white marble cladding used on buildings during several exhibitions when the area was first developed, between 1908 and 1914.
Liverpool Street station, also known as London Liverpool Street, is a major central London railway terminus and connected London Underground station in the north-eastern corner of the City of London, in the ward of Bishopsgate Without. It is the terminus of the West Anglia Main Line to Cambridge, the Great Eastern Main Line to Norwich, commuter trains serving east London and destinations in the East of England, and the Stansted Express service to Stansted Airport.
Bishopsgate was one of the eastern gates in London's former defensive wall. The gate's name is traditionally attributed to Earconwald, who was Bishop of London in the 7th century. It was first built in Roman times and marked the beginning of Ermine Street, the ancient road running from London to York (Eboracum). The gate was rebuilt twice in the 15th and 18th centuries, but was permanently demolished in 1760.
Gresham College is an institution of higher learning located at Barnard's Inn Hall off Holborn in Central London, England that does not accept students or award degrees. It was founded in 1597 under the will of Sir Thomas Gresham, and hosts over 140 free public lectures every year. Since 2001, all lectures have been made available online. As of 2024 the Provost is Professor Martin Elliott.
Paternoster Square is a former historic square, renamed from Newgate Market c. 1872, and now a post-war urban redevelopment, owned by the Mitsubishi Estate, next to St Paul's Cathedral in the City of London. The area was previously named Paternoster Row, after the street of the same name, once centre of the London publishing trade and was devastated by aerial bombardment in The Blitz during World War II. It is now the location of the London Stock Exchange which relocated there from Threadneedle Street in 2004. It is also the location of investment banks such as Goldman Sachs, Merrill and Nomura Securities, and of fund manager Fidelity Investments. The square itself, i.e. the plaza, is privately owned public space. In 2004, Christopher Wren's 1669 Temple Bar Gate was re-erected here as an entrance way to the plaza.
Sumitomo Mitsui Banking Corporation is a Japanese multinational banking financial services institution owned by the Sumitomo Mitsui Financial Group, which is also known as the SMBC Group. It is headquartered in the same building as SMBC Group in Marunouchi, Chiyoda, Tokyo, Japan.
White City Place is the name given to the collection of buildings formerly known as BBC Media Village. White City Place is a collection of six buildings occupying a 17-acre site off Wood Lane, White City in West London, bordered by South Africa Road, Dorando Close and the A40 Westway. The site is a short distance along Wood Lane from BBC Television Centre. All formerly properties of the BBC, only two buildings – Broadcast Centre and the Lighthouse – are currently occupied by BBC staff.
Broadgate is a large, 32-acre (13 ha) office and retail estate in the Bishopsgate area of the City of London. It is owned by British Land and GIC and managed by British Land.
The British Land Company Public Limited Company is one of the largest property development and investment companies in the United Kingdom. The firm became a real estate investment trust when REITs were introduced in the UK in January 2007. It is headquartered in London, England and is a founding member of the European Public Real Estate Association. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
Glasgow Science Centre is a visitor attraction located in the Clyde Waterfront Regeneration area on the south bank of the River Clyde in Glasgow, Scotland. Queen Elizabeth II opened Glasgow Science Centre on 5 July 2001. It is one of Scotland's most popular paid-for visitor attractions. It is a purpose-built science centre composed of three principal buildings: Science Mall, Glasgow Tower and an IMAX cinema. It is a registered charity under Scottish law.
The Ontario Teachers' Pension Plan Board is an independent organization responsible for administering defined-benefit pensions for school teachers of the Canadian province of Ontario. Ontario Teachers' also invests the plan's pension fund and it is one of the world's largest institutional investors, acting as a partner organization of the World Economic Forum. The plan is a multi-employer pension plan, jointly sponsored by the Government of Ontario and the Ontario Teachers' Federation.
The London Studios in Lambeth, Central London was a television studio complex owned by ITV plc and originally built for London Weekend Television. The studios were located in Central London, on the South Bank next to the IBM Building and the Royal National Theatre. The building was set on 2.5 acres of land and was 24 floors high. The London Studios closed on 30 April 2018. Many ITV programmes now come from Television Centre in White City, London.
Babcock International Group plc is a British aerospace, defence and nuclear engineering services company based in London, England. It specialises in managing complex assets and infrastructure. Although the company has civil contracts, its main business is with public bodies, particularly the United Kingdom's Ministry of Defence and Network Rail. The company has four operating sectors, with overseas operations based in Africa, North America, South America, Europe and Australia.
The Cadillac Fairview Corporation Limited, branded as Cadillac Fairview, is a Canadian company that invests in, owns, and manages commercial real estate, mainly in Canada and the United States. As of March 2017, the company had 73 properties, encompassing 50 million square feet, worth over $40 billion. As of September 2017, Cadillac Fairview's portfolio consisted of 60% Canadian retail and 26% Canadian office buildings. Cadillac Fairview is wholly owned by the Ontario Teachers' Pension Plan.
Alberta Investment Management Corporation (AIMCo) is a Canadian Crown corporation and institutional investor established to manage several public funds and pensions headquartered in Edmonton, Alberta. AIMCo was established by an act of the Legislative Assembly of Alberta in 2008 under the government of Progressive Conservative Premier Ed Stelmach.
Macfarlanes LLP is a London-based law firm.
Mitsui Bank, Ltd. was a major Japanese bank from 1876 to 1990. The home bank of the Mitsui conglomerate, it was one of the largest Japanese banks for much of the 20th century, together with Dai-Ichi Bank, Mitsubishi Bank, Sumitomo Bank, and Yasuda / Fuji Bank. In 1943 it merged with Dai-Ichi Bank to form Teikoku Bank. In 1948, Dai-Ichi Bank was spun off again from Teikoku, which changed its name back to Mitsui Bank in 1954.
Sir Stuart Anthony Lipton is a British property developer, a founder of Stanhope plc, and the co-founder of the property company Chelsfield with Elliott Bernerd, and now a co-founder and partner in Lipton Rogers Developments LLP.
8 Bishopsgate is a 51-storey, 204-metre (669 ft) tall commercial skyscraper located in the City of London financial district. When it opened in 2023, it was the 11th-tallest building in London. Situated on the corner of Bishopsgate and Leadenhall Street, it neighbours two taller skyscrapers, 122 Leadenhall Street and 22 Bishopsgate. It has a free viewing gallery on the 50th floor.
