Blackstone has reached an agreement to establish a newly constructed, purpose-built European headquarters located at its long-term London home, Berkeley Square.
Blackstone has been a major investor in Europe for more than two decades, with substantial investments across its private equity, real estate, infrastructure, tactical opportunities, growth, and credit businesses. Recent significant European investments include Bourne Leisure, Mileway Logistics, Sage Homes and Esdec Solar. The decision to fully lease what will be one of London’s premier office buildings reflects the firm’s commitment to growth in the region. Blackstone continues to operate other European offices in Dublin, Frankfurt, Luxembourg, Milan and Paris.
The agreement will see Blackstone occupy a 226.000 sqft, 10-floor building at Berkeley Square on the site now occupied by Lansdowne House. The new Lansdowne House is being led by London commercial property developer, CO-RE, and Stirling Prize-winning architect, AHMM.
With construction scheduled to be completed by 2028, planning permission has been secured for the redevelopment, which will set new standards in sustainability and accommodate more than 1.800 seats, as well as 14.000 sqft of ground-floor retail space and redeveloped public areas surrounding the site at the south end of the square.
Source: https://irei.com/news/blackstone-develop-new-expanded-headquarters-londons-iconic-berkeley-square/, on 11 October 2022