Stanhope plc

Energy and home services provider in the United Kingdom

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

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

  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.
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