West End site to become a 200,000-sq ft lifestyle destination
London’s Cavendish Square, located in the heart of the West End, is set to be transformed into a 200,000 sq ft plus subterranean mixed-use destination.
Reef Group have engaged Savills to advise on an ambitious place-shaping project to redevelop the square, capitalising on its location adjacent to Europe’s busiest shopping street, the Harley Street medical district and the BBC’s HQ. Initial interest has ranged from technology-focused retailers, global office occupiers, experiential leisure brands and medical providers attracted by the Harley Street proximity.
Stewart Deering, founder at Reef Group, comments “Cavendish Square is a world-first subterranean mixed-use destination in the centre of Europe’s premier shopping district including Oxford and Regent Street. It is an opportunity to deliver unique space for occupiers from a variety of sectors, capitalising on the opening of the Elizabeth Line in 2021. The development will be a blueprint for repurposing space in capacity-constrained urban environments demonstrating what smart-design can achieve.”
Sam Foyle, director at Savills, comments: “Cavendish Square is a historic Central London location which is about to be transformed into a unique global destination. We have been approached by a diverse selection of occupiers looking to take the space in its entirety as well as individual floors. Three new customer entrances provide us with the flexibility to accommodate a diverse mix of tenants that can interlinked or separated as required.”