Curtain lifted on £750m Shoreditch JV deal



The future of The Stage looks assured with its owners having selected funding and development partners for the 2.3-acre mixed use scheme.

_65736416_thestageplaza-zoomin_lowres.jpg


US private equity firm Cain Hoy, in partnership with Galliard Homes has been sel ected by the Bard family’s Plough Yard Developments to help bring forward the scheme which will include a 40-storey residential tower, comprising 385 homes; two office buildings totalling 250,000 sq ft; and 50,000 sq ft of retail space.

Allsop and CBRE were appointed by Plough Yard Developments earlier this year to find a joint venture funding partner on the scheme.

Plough Yard will grant a new 250-year lease on the site and retain the freehold interest as part of the deal, which is expected to sign imminently.

The remains of London’s second oldest Shakespearean playhouse, which were discovered on the historic site in 2012, will be excavated, preserved and exhibited over 13,000 sq ft, including a 164-seat indoor auditorium designed by Pringle Brandon Perkins+Will. Once completed, it is expected to become one of the UK’s pre-eminent tourist attractions.

Externally, a 200-seat outdoor performance space will link to a new, 1.3-acre open square with shops, bars, cafés and restaurants. An existing 19th Century Victorian railway viaduct will be restored to accommodate shops spilling out onto a plaza and with a 7,800 sq ft ‘urban park’ on top.

The office space, with the largest floorplates at around 14,000 sq ft, is likely to appeal to occupiers fr om the technology media and telecommunications sector. The residential tower will also include a gym, private cinema and business facilities.

Despite not being required due to the high archaeological costs, 40 affordable homes will be provided off site, delivered by Family Mosaic.

The site is bounded by Curtain Road, Hewett Street, Plough Yard and Hearn Street and once developed, The Stage along with Principal Place will provide a ‘bridge’ between the City, Sptialfields and Shoreditch.

More about shopping malls in the United Kingdom



DAY BEFORE YESTERDAY, Turkey:
Qatar’s sovereign wealth fund has reached an agreement to purchase the shopping and entertainment center, İstinye Park.
Nov 26, 2020, USA:
One of the oldest department store chains in the U.S. planned the Thanksgiving procession with the coronavirus in mind.
Nov 26, 2020, Netherlands:
Amsterdam The Style Outlets opens with high occupancy and a curated mix of brands.
Nov 25, 2020, United Kingdom:
The British Debenhams network, which operates 124 department stores, is going through some bad times.
Nov 25, 2020, USA:
Free master classes, the standard for Apple stores during the holiday period, are being held this year in an online format.
Nov 25, 2020, USA:
Shopping malls offer visitors an opportunity to interact with brands whose products are sold online only.
Friend
and Follow
Mall of Scandinavia GLA:1 087 155 SF
ADDRESS: Evenemangsgatan 11 169 56 Solna
Sweden . Stockholm
Mall of Scandinavia
Dania Pointe GLA:975 000 SF
ADDRESS: 292-344 North Bryan Road, Dania Beach, FL 33004
USA . Fort Lauderdale
Dania Pointe
Optimum Outlet GLA:421 127 SF
ADDRESS: ve Eglence Merkezi | Istiklal Sokak No.2/B Yenisahra/Atasehir
Turkey . Istanbul
Optimum Outlet
Viaport Outlet GLA:748 092 SF
ADDRESS: Yenisehir Mah. Dedepasa Cad. No:19 Via Port - Pendik
Turkey . Istanbul
Viaport Outlet


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us