St Congar has been, or is currently involved in a variety projects including the following:
W1, Windsor
W1, Windsor will be a new HQ business park, offering tenants the opportunity to enhance their public perception, while providing a truly great place to work. It will deliver outstanding design and technical credentials meeting the highest modern standards of environmental design and operating cost efficiencies.
Click here to view the full project brochure (PDF)
Brockworth, Gloucs
The freehold purchase of 92 acres of Green Belt land in Brockworth, Gloucs. The site is situated between the existing settlement of Brockworth and the A417 which links the M5 motorway at Junction 11a with Swindon and Oxford.
The site was recognised in the Regional Spatial Strategy Examination in Public as being “..physically and visually detached from the Green Belt...The Panel considered that the land in this area could be developed without compromising the purpose of the wider Green Belt..”
The site is being promoted through the Local Development Framework process for a large scale residential site.
Overstone, Northants
A 99 acre freehold green field site situated in Overstone, immediately to the north of Northampton. The site forms part of a wider site being promoted under an option agreement with Barratt David Wilson. The site was identified as a Development Option in the Emergent Core Strategy.
The site continues to be promoted through the Local Development Plan process ahead of a planning application being submitted in 2011.
Imperial Place
A 240,000 sq ft suburban London office complex acquired, in 2004, for £58.6 million, jointly with Europa Capital Partners, Property Merchant Group and Norwich Union.
The buildings were largely let to T-Mobile, which paid St Congar Properties Ltd/PMG, following extensive negotiations, a lease surrender premium of over £31 million. The four modern buildings were completely refurbished and reserviced and the marketing campaign commenced with their launch by Sir Matthew Pinsent. Over 100,000 sq ft was let in the first 12 months of that campaign to Pizza Hut, Groupama, Bradford & Bingley and Signet before the property was sold on, for an attractive profit, to Schroder's Gresham II Fund.
A fifth building of 20,000 sq ft was sold to Belllway for residential redevelopment after St Congar Properties/PMG secured planning consent for 88 new apartments.
Total capital/sale value was c.£83 million.
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Finsbury Circus
Brittanic House, Finsbury Circus, was the headquarters of BP and was acquired, in conjunction with Hermes Real Estate, for around £165 million in 2005
To accomodate its move to Canary Wharf, BP's lease was restructured, allowing them to crystallise its ongoing lease obligations, including dilapidations and vacant property costs, while also allowing the new owners to upgrade the physical asset, underpinned by the continuing rent from BP as well as from NatWest who have remained in occupation throughout.
That strategy has facilitated a £42 million reconfiguration and refurbishment of the building to provide some 190,000 sq ft net of first class, air-conditioned offices and a 10,000 sq ft restaurant, all built to the highest environmental standards. A stunning new atrium with glass wall climbing lifts illustrates the transformation of the building itself.
Completed at the end of 2008, 22,600 sq ft has already been let to US restructuring specialists, Alvarez & Marsal, with the leading international legal firm, Stephenson Harwood have taken the majority of the rest of the accommodation.
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Sudbury, Suffolk
An 8 acre former employment site close to the heart of the historic town of Sudbury. The site is bordered on all sides by residential properties. It currently has over 225,000 sq ft of warehousing and industrial accommodation.
Marketing of the site for has recently commenced to identify whether there is demand for continued employment use. If not, then promotion for alternative uses will commence.
