New images of Paddington Square released
JLL instructed as leasing agents on 360,000 sq ft of new office space at Paddington regeneration scheme
Sellar, on behalf of Great Western Developments Ltd, has released new imagery of Paddington Square, the centrepiece development to Paddington’s regeneration, featuring at its heart a large-scale premium workspace offer designed by world-renowned architect Renzo Piano Building Workshop.
From the team behind The Shard, Paddington Square will completely reimagine the approach to Paddington Station, including a new concourse for the London Underground Bakerloo Line, allowing for the area to once again become one of the grand entrances to London.
The mixed-use scheme will offer 360,000 sq ft of office space across 14 light-filled floors, four tiers of curated retail, 1.35 acres of comprehensive public realm improvements and west London’s highest rooftop dining experience with views across the city’s skyline.
Paddington is one of London’s best connected locations, whether travelling from within London or from overseas. Currently, it sits eight minutes from the West End and 15 minutes from Heathrow Airport by public transport, with the Elizabeth Line set to bring these times down even further when it opens in 2021.
The 78,000 sqft of new retail space will be tailored to cater to over 110m annual visitors, a 30% rise on current figures by 2021. The rooftop bar and restaurant has a south facing terrace, and with a 15,000 sqft floorplate is one of the premier opportunities for operators currently being developed in London.
The scheme will also bring about the pedestrianisation of London Street, enabling a direct pedestrian link between the mainline station and Paddington Square, which, together with the new Bakerloo line entrances, will eradicate the rush hour traffic that has beset the area for years.
It is estimated Paddington’s local economy will benefit by as much as £350m a year following completion of Paddington Square, while the development will bring approximately 4,500 new jobs to the area.
James Sellar, CEO of Sellar, said: “Paddington Square is the centrepiece of the transformation of Paddington. It marks a step-change, creating a truly open space for the public, providing superior retail and dining, and offering workspace of real scale and quality within an outstanding Renzo Piano Building Workshop design.”
Paddington Square is set to be completed in spring 2022.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of more than 93,000 as of September 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.