Langham Estate
| Great Titchfield Street and Margaret Street, London.JPG | |
 | |
| Private limited company by shares | |
| ISIN | 🆔 |
| Industry | Real estate management |
| Founded 📆 | 9 December 1993 |
| Founder 👔 | |
| Headquarters 🏙️ | , London , UK |
Area served 🗺️ | 13.8 acres |
Key people | Ahsan Ellahi |
| Owner | Samuel Tak Lee |
| Members | |
Number of employees | |
| Parent | Mount Eden Land Limited (Guernsey) |
| 🌐 Website | langhamestate |
| 📇 Address | |
| 📞 telephone | |
The Langham Estate is a property estate in Fitzrovia, London, and is owned by the Mount Eden Land Limited (Guernsey). The company controls 14 acres of real estate in the center of London.
Background[edit]
The Langham Estate originates from an entity first established in 1925 to manage a holding of 40 acres of land purchased from the Howard de Walden Estate in central London.[1][2][3] The properties, acquired for £3m and located in eastern Marylebone,[1][4] then passed through various owners, including Sir John Ellerman's Audley Trust, before being acquired in 1994 by Guernsey-based Mount Eden Land Ltd for £51m.[1][5][6][7] Under Sir John Ellerman, the holdings covered almost all Great Portland Street, and much of streets alongside it (including Hallam, Bolsover, Margaret and Great Titchfield Streets).[1][8][9] Numerous holdings on Great Portland Street were sold off over the years.
The Langham Estate operates in an area reputed for its media connections, restaurants, showrooms and art galleries.[10][11] The Langham Estate was described in 2017 as being one of London's 16 Great Estates with its footprint of 13.8 acres of central London property.[12][13] Many of the entity's original properties are still held -- but only in the form of freehold with their long leases having been sold off.[1]
Samuel Tak Lee of Hong Kong is said to be its owner.[5][14][15][16] Mr Lee has long sought control of Shaftesbury PLC's neighbouring 15 acre estate.[17][18][19]
Recent Developments[edit]
The Fitzrovia property market, where Langham Estate's property is located, has been undergoing gentrification and occupant turnover along with material increases in rents and rates.[20][21][22] Property values have also increased in part due to change in planning restrictions in the East Marylebone Conservation Area, along with the impact of Cross Rail/Oxford Street District projects which will effect the area.[23][24][25] The company markets some of its properties under the banners of mynoho and/or FitzNovia.[26][27] The Langham Estate website states it holds a "1.3 million sq feet (29 acres) mixed portfolio of office, showroom, retail, restaurant, bar, residential and storage" property.[28][29] A neighbourhood plan is being developed for Fitzrovia by locals in consultation with stakeholders, the Langham Estate and other landholders, local businesses and residents.[30][31]
Gallery[edit]
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A concentration of Langham Estate properties are found at the southern end of Great Portland Street
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A number of properties on Bolsover Street are partly owned by the Langham Estate
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Properties on Great Titchfield Street and Margaret Street make part of the Langham Estate
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A concentration of Langham Estate properties are found at the southern end of Great Portland Street
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A number of properties on Bolsover Street are partly owned by the Langham Estate
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Properties on Great Titchfield Street and Margaret Street make part of the Langham Estate
External Links[edit]
- Langham Estate website
- Map of Langham Estate (Mount Eden Land Guernsey Ltd)
- MyNoHo – Langham Estate Blog
- Langham Estate International
- Fitzrovia – Langham Estate area description
- FitzWest Neighbourhood Forum for West Fitzrovia & Fitzrovia Neighbourhood Association
- Survey of London South East Marylebone (Fitzrovia) – Langham Estate area history
Coordinates: 51°31′01″N 0°08′22″W / 51.5170782°N 0.139501°W
References[edit]
- ↑ 1.0 1.1 1.2 1.3 1.4 Philip Temple & Colin Thom (2017). "South-East Marylebone -- Draft chapters of Volumes 51 and 52" (PDF). Survey of London: South-East Marylebone Volumes 51 and 52. Yale University Press. ISBN 9780300221978. line feed character in
|work=at position 40 (help) - ↑ "Offices To Let, West End, Offices to Rent, Langham Estate, London". Langham Estate. Archived from the original on 2018-08-15. Retrieved 2018-10-17.
- ↑ The Howard de Walden Estate is said to have sold 40 acres in East Marylebone in anticipation of high death duty obligations.
- ↑ The 1925 land acquisition price of £3m is roughly equivalent to £177m in 2018. Source: http://www.in2013dollars.com/1925-GBP-in-2018?amount=3000000 (“Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 26 Oct. 2018, https://www.officialdata.org/.)
- ↑ 5.0 5.1 "Who owns central London?". Who owns England?. 2017-10-28. Archived from the original on 2018-06-17. Retrieved 2018-10-15.
- ↑ "History of The Langham Estate". Langham Estate. Retrieved 2018-10-15.
- ↑ HEATHER CONNON (13 December 1993). "Prime portfolio of London property fetches just pounds 51m: Li family buys Langham Estate from Grovewood receivers". The Independent. Retrieved 2018-10-16.
- ↑ "The secretive billionaire". 2009-08-20. Archived from the original on 2016-03-24. Retrieved 2018-10-16.
- ↑ Jenkins, Simon (2012-05-15). Landlords to London: The Story of a Capital and Its Growth. Faber & Faber. ISBN 9780571294763. Search this book on
- ↑ "Great Portland Street", Wikipedia, 2018-04-19, retrieved 2018-10-15
- ↑ "About Fitzrovia London". Fitzrovia Neighbourhood Association. 2012-04-02. Archived from the original on 2018-07-04. Retrieved 2018-10-17.
- ↑ Fraser, Isabelle (2017-10-28). "How a handful of historic firms still own swathes of central London". The Telegraph. ISSN 0307-1235. Archived from the original on 2018-01-21. Retrieved 2018-10-15.
- ↑ Kevin Cahill (2002). Who Owns Britain. Canongate Books Ltd. ISBN 9781841953106. Search this book on
- ↑ Judith Evans (May 23, 2017). "Shaftesbury profits jump, supported by robust West End shopping". Financial Times.
- ↑ "Revealed Samuel Tak Lee: the secretive tycoon who controls a huge swathe of the West End". Evening Standard. 13 June 2003. p. 19. Archived from the original on 2017-07-14.
- ↑ Shah, Oliver (2014-11-16). "Hong Kong tycoon sets sights on Chinatown". The Sunday Times. ISSN 0956-1382. Retrieved 2018-10-15.
- ↑ "Tak Lee boosts Shaftesbury stake". EGi. Retrieved 2018-12-10.
- ↑ "Lee Family Investors" Tender Offer – Shaftesbury PLC – Company Announcement - FT.com". markets.ft.com. Retrieved 2018-12-10.
- ↑ Crosland, Jonas (2017-07-20). "Shaftesbury looking Brexit-proof". www.investorschronicle.co.uk. Retrieved 2018-12-10.
- ↑ Nathan Brooker (May 29, 2015). "Is London's Fitzrovia ready for the big prime?". Financial Times. Archived from the original on 2018-06-22. Retrieved 2018-10-15.
- ↑ Ramsorrun, Helen. "How Fitzrovia Became a Key Area for Commercial Property Investment". Pearl & Coutts. Retrieved 2018-10-15.
- ↑ "Villandry goes into administration amid reports of £1.5m losses". www.thedrinksbusiness.com. Archived from the original on 2018-08-10. Retrieved 2018-10-25.
- ↑ "JLL | Residential Research | Crossrail Opportunities 2016". residential.jll.co.uk. Archived from the original on 2017-10-21. Retrieved 2018-10-17.
- ↑ Savills.com (18 April 2018). "Infrastructure Investment and Land Value Uplift". Retrieved 2018-10-17.
- ↑ "A FUTURE FOR THE OXFORD STREET DISTRICT". www.oxfordstreetdistrict.com. Archived from the original on 2018-03-23. Retrieved 2018-10-25.
- ↑ "MyNoHo – The Langham Estate Blog". MyNoHo. Archived from the original on 2018-09-02. Retrieved 2018-10-15.
- ↑ "FitzNovia Twitter Feed". twitter.com. Retrieved 2018-10-15.
- ↑ "Commercial lettings : Serviced Office Space for Rent : London West End". Langham Estate. Archived from the original on 2018-09-06. Retrieved 2018-10-15.
- ↑ "Who owns central London?". Who owns England?. 2017-10-28. Archived from the original on 2018-06-17. Retrieved 2018-10-15.
- ↑ "Draft Plan | FitzWest". fitzwest.org. Archived from the original on 2018-09-02. Retrieved 2018-10-15.
- ↑ www.FITZWEST.ORG/wordpress. "FitzWest Plan -- Fitzrovia West Neighbourhood Forum" (PDF).
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