Stanhope plc

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Stanhope plc
Company typeLimited company
IndustryReal Estate
Founded1983
HeadquartersLondon
Area served
United Kingdom
Key people
David Camp (CEO)
Websitewww.stanhopeplc.com

Stanhope plc is a large property development company based in London, England. Its developments have included Broadgate and the BBC Television centre at White City.

History[edit]

The company was founded by Sir Stuart Lipton and Peter Rogers in 1983.[1] They were the developers of the Broadgate complex in the 1980s.[2] In 1995, the company developed Gresham St Paul's (previously Garrard House) in Gresham Street, London, for Schroders.[3] The company went on to develop Paternoster Square, in partnership with Mitsubishi Estate, in the late 1990s.[4][5]

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.[6]

Lipton sold his share in the company to the chief executive, David Camp, in December 2005.[7][8] In July 2012, in partnership with Mitsui Fudosan and Alberta Investment Management Corporation, the company acquired the BBC Television centre at White City or £200 million.[9][10] and, 2019, in partnership with Mitsubishi Estate, the company started work on the 51-storey tower block known as 8 Bishopsgate.[11]

References[edit]

  1. ^ "Lipton and Rogers form new London developer". Construction Enquirer. 14 January 2013. Retrieved 15 May 2024.
  2. ^ "Sir Stuart Lipton: The veteran property developer with a vision for a swathe of rundown London". The Evening Standard. 12 December 2014. Retrieved 15 May 2024.
  3. ^ "Case study: Gresham St Paul's by WilkinsonEyre". Architects' Journal. Retrieved 15 May 2024.
  4. ^ "Work starts on Mitsubishi and Stanhope's Warwick Court refurb". Commercial News Media. 15 March 2021. Retrieved 15 May 2024.
  5. ^ "Translating Good Growth for London's Historic Environment". Historic England. p. 45. Retrieved 15 May 2024.
  6. ^ Merna, Tony; Njiru, Cyrus (2002). Financing Infrastructure Projects. London: ICE Publishing. ISBN 978-0727730404.
  7. ^ "Sir Stuart Lipton finalises Stanhope stake sale". Radius. 23 December 2005. Retrieved 15 May 2024.
  8. ^ "Jury: David Camp". West Smithfield International design Competition. Retrieved 15 May 2024.
  9. ^ "BBC, Stanhope Plc and Mitsui Fudosan complete sale of Television Centre" (Press release). BBC. 20 July 2012.
  10. ^ "BBC sells Television Centre for £200 million". The Guardian. 14 July 2012. Retrieved 15 May 2024.
  11. ^ Norman, Paul (11 May 2022). "Mitsubishi and Stanhope Land Debut Tenant At Ultra Sustainable City Tower". CoStar Group. Retrieved 22 January 2023.