Pollen buys Burlington Gate gallery space

By Paul Norman - Friday, January 05, 2018 10:05

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The Pollen Estate has bought 24,000 sq ft of gallery space at Burlington Gate fronting both Cork Street and Old Burlington Street from Native Land for around £40m.

The gallery space encompasses three floors of varying sizes: 11,882 sq ft in the basement, 8,716 sq ft on the ground floor and 2,567 sq ft on the first floor. Most of the galleries have 4 metre ceiling heights.

The range of sizes of the space is designed to meet the diverse and changing needs of gallery operators within Mayfair, where many prospective occupiers require a choice of floor spaces, flexible layouts and differing ceiling heights.

The Pollen Estate said as a major owner in East Mayfair it is committed to working collaboratively with key stakeholders to improve the area's public realm, yet preserve the historic and artistic character of the area both on Cork Street and Savile Row.

Knight Frank advises The Pollen Estate on the strategic asset management of its holdings in Mayfair. Julian Stocks, Head of Asset Management at Knight Frank, also serves as Chief Executive of The Pollen Estate.

Julian Stocks, Chief Executive of the Pollen Estate and Partner at Knight Frank, said: “This acquisition combined with our own Cork Street Mews development will provide over 44,000 sq ft of new galleries to London. Our aim is, working with the art community, to ensure that Cork Street becomes again the premier location in the world for successful modern and contemporary art gallery businesses.

“Native Land has developed a first class building, comprising some really excellent new galleries. We are now focused on finding some exciting gallery businesses to occupy both sides of Cork Street.”

Alasdair Nicholls, Chief Executive of Native Land, said: “We are delighted to have found the perfect long term investor to acquire the gallery spaces at Burlington Gate. Working closely with Rogers Stirk Harbour + Partners and the entire project team we have been able to bring forward a high quality, design-led scheme, inspired by the rich cultural heritage of its surroundings, delivered to a premium standard. The arcade and the gallery spaces, along with our commitment to the improvements to the public realm, form a vital part of the ongoing transformation of Mayfair’s arts and retail district, in which we are proud to play a leading part in ensuring Cork Street’s future as the home of modern and contemporary art is a bright one.”

Recently completed, Burlington Gate is situated near Bond Street and the Royal Academy and is centred around the first new arcade built in Mayfair since 1930, connecting Old Burlington Street with Cork Street.

Native Land acquired Burlington Gate in a joint venture with Hotel Properties Limited and Amcorp Properties Berhad, and collaborated with architect Rogers Stirk Harbour + Partners, to redevelop an existing 83,000 sq ft commercial building into 42 luxury apartments with boutique hotel style amenities, together with significantly improved art gallery spaces on the lower ground, ground and first floor.

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