Stanhope plc
Property development company in England From Wikipedia, the free encyclopedia
Stanhope plc is a large property development company based in London, England. Its developments have included Broadgate and Television Centre at White City.
 | |
| Company type | Limited company |
|---|---|
| Industry | Real Estate |
| Founded | 1983 |
| Founder | Stuart Lipton Peter Rogers |
| Headquarters | London |
Area served | England |
Key people | David Camp (CEO) |
| Revenue | £32 million (2024) |
| £11 million (2024) | |
| Parent | AIMCo Cadillac Fairview (25%) Mitsui Fudosan |
| Website | www |
History
Stanhope was founded by Stuart Lipton and Peter Rogers in 1983.[1][2] They were the developers of the Broadgate complex in the 1980s.[3]
In 1995, the company developed Gresham St Paul's (previously Garrard House) in Gresham Street, London, for Schroders.[4] The company went on to develop Paternoster Square, in partnership with Mitsubishi Estate, in the late 1990s.[5][6]
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.[7]
Lipton sold his share in the company to the chief executive, David Camp, in December 2005.[8][9] In July 2012, in partnership with Mitsui Fudosan and AIMCo, the company acquired Television Centre at White City for £200 million.[10][11] and, 2019, in partnership with Mitsubishi Estate, the company started work on the 51-storey 8 Bishopsgate tower block.[12]
As at December 2022, AIMCo, Cadillac Fairview and Mitsui Fudosan held a combined 80% of the shares with management owning the remainder.[13]
Notable projects
Notable projects Stanhope has been involved in have included:
References
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