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Stanhope plc

From Wikipedia, the free encyclopedia
Property development company in England

Stanhope plc
Company typeLimited company
IndustryReal Estate
Founded1983
FounderStuart Lipton
Peter Rogers
HeadquartersLondon
Area served
England
Key people
David Camp (CEO)
Revenue£32 million (2024)
£11 million (2024)
ParentAIMCo
Cadillac Fairview (25%)
Mitsui Fudosan
Websitewww.stanhopeplc.com

Stanhope plc is a large property development company based inLondon, England. Its developments have includedBroadgate andTelevision Centre atWhite City.

History

[edit]

Stanhope was founded byStuart Lipton and Peter Rogers in 1983.[1][2] They were the developers of theBroadgate complex in the 1980s.[3]

In 1995, the company developed Gresham St Paul's (previously Garrard House) inGresham Street, London, forSchroders.[4] The company went on to developPaternoster Square, in partnership withMitsubishi Estate, in the late 1990s.[5][6]

In 2000, Stanhope, along withBritish Gas,Lendlease, Chelsfield plc andHambros Bank formed Exchequer Partnership plc, aspecial purpose vehicle, which successfully bid for thePFI contract for the refurbishment ofGovernment Offices Great George Street, London to houseHM 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 withMitsui Fudosan andAIMCo, the company acquiredTelevision Centre atWhite City for £200 million.[10][11] and, 2019, in partnership withMitsubishi Estate, the company started work on the 51-storey8 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

[edit]

Notable projects Stanhope has been involved in have included:

References

[edit]
  1. ^Sir Stuart Lipton Lipton Rogers
  2. ^"Lipton and Rogers form new London developer".Construction Enquirer. 14 January 2013. Retrieved15 May 2024.
  3. ^"Sir Stuart Lipton: The veteran property developer with a vision for a swathe of rundown London".Evening Standard. 12 December 2014. Retrieved15 May 2024.
  4. ^"Case study: Gresham St Paul's by WilkinsonEyre".Architects' Journal. 8 March 2021. Retrieved15 May 2024.
  5. ^"Work starts on Mitsubishi and Stanhope's Warwick Court refurb".Commercial News Media. 15 March 2021. Retrieved15 May 2024.
  6. ^"Translating Good Growth for London's Historic Environment".Historic England. p. 45. Retrieved15 May 2024.
  7. ^Merna, Tony; Njiru, Cyrus (2002).Financing Infrastructure Projects. London:ICE Publishing.doi:10.1680/fip.30404.ISBN 978-0727730404.
  8. ^"Sir Stuart Lipton finalises Stanhope stake sale".Radius. 23 December 2005. Retrieved15 May 2024.
  9. ^"Jury: David Camp". West Smithfield International design Competition. Retrieved15 May 2024.
  10. ^ab"BBC, Stanhope Plc and Mitsui Fudosan complete sale of Television Centre" (Press release).BBC News. 20 July 2012.
  11. ^ab"BBC sells Television Centre for £200 million".The Guardian. 14 July 2012. Retrieved15 May 2024.
  12. ^Norman, Paul (11 May 2022)."Mitsubishi and Stanhope Land Debut Tenant At Ultra Sustainable City Tower".CoStar Group. Retrieved22 January 2023.
  13. ^Cadillac Fairview buys 25% stake in Stanhope Stanhope 13 December 2022
  14. ^"Imax transforms Waterloo's bullring".Architect's Journal. 3 June 1999. Archived fromthe original on 29 October 2023.
  15. ^"Broadgate sees history repeat itself - at high speed".Financial Times. 19 August 2009. Archived fromthe original on 31 October 2023.
  16. ^"Renzo Piano's designs for Central St Giles unveiled".Property Week. 25 March 2008. Archived fromthe original on 23 July 2024.
  17. ^"Chiswick Park".Stanhope. Archived fromthe original on 8 December 2023.
  18. ^"Gloucester transport hub to replace old bus station".BBC News. 14 May 2014.
  19. ^"Station Hill: £500m Reading development gets new owners".BBC News. 12 June 2018.
  20. ^"Darin buys at Stockley Park".Capital West London. Archived fromthe original on 11 January 2021.
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