Mayfair & St James's Estate

28 St George Street

Mayfair & St James's, W1
28 St George Street 28 St George Street
28 St George Street

A modern Mayfair office space reimagined

28 St George Street, an attractive building in the heart of Mayfair, is currently undergoing a comprehensive redevelopment to create a best-in-class luxury office building with exceptional amenities. Lazari will occupy the three lower floors as our new headquarters, while the three upper floors will be available for letting. The redevelopment will cost £17 million for Cat A works, in addition to the investment for the HQ fit-out, with an anticipated completion date of Q4 2025.

Estate

Mayfair & St James's, W1

Type

Office

Size

22,796 sq-ft

Space Available

11,015 sq-ft

Date Acquired

August 2022

Collaborators

Architect: Original, Trahearne; Refurbishment, Morrow + Lorraine

Planning Applications

Granted, March 2024

28 St George Street exterior
28 St George Street
28 St George Street exterior
28 St George Street

In collaboration with multi-award-winning architects Morrow + Lorraine, we are reimagining the building to reflect Lazari’s values, including our commitment to sustainability. Originally built in 2007 to complement the local Georgian architecture, the redevelopment will transform it into a modern, functional, and environmentally sensitive workspace.

 

Sustainability & Wellbeing

  • Re-use of steels to reduce embodied carbon by around 80%.
  • Re-use goal of 50% of total building construction materials.
  • 50% reduction in water use.
  • Reuse of existing high-value materials on site, such as Carrara marble.
  • Reuse of 25% and recycling of 100% of existing building materials.
  • Reuse of all possible existing slates and bricks.
  • All new timber to be FSC/PEFC certified.
  • Net zero carbon in construction by reducing the embodied carbon of materials and aligning offsets with BEIS guidance.

 

Standards

Targeting:

  • BREEAM ‘Excellent’ rating, with an aspiration for ‘Outstanding’.
  • NABERS 5* rating.
  • WELL enabled.
  • Embodied carbon targets of 400kg CO₂e/m2.
  • EPC: A rating.

Baker Street

As of 31 March 2024, the Baker Street estate consists of seven buildings totalling 336,189 sq ft NIA, primarily comprising upper-floor office spaces, ground-floor retail units, and 13 residential apartments.

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Bloomsbury

The Bloomsbury estate comprises two buildings totalling 207,453 sq ft, including a recently completed office development and a landmark shopping centre.

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Euston

The Euston estate comprises a landmark building and a prominent new development, totaling 568,116 sq ft.

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Mayfair & St James's

This estate includes seven buildings with a total area of 508,549 sq ft. Highlights include the landmark redevelopment of the former Fenwick department store on New Bond Street. As of 31 March 2024, this estate represents 35.67% of Lazari’s total portfolio value.

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North London

The North London estate comprises 72 buildings totalling 360,000 sq ft, primarily retail (168,777 sq ft across 74 units), leisure (86,505 sq ft, including a 90-bedroom Premier Inn and three health clubs), and office spaces (104,011 sq ft). It also includes 81 residential apartments. The estate spans significant holdings across the London Boroughs of Camden, Haringey, Ealing, and Enfield.

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Oxford Street

The Oxford Street estate spans 158,159 sq ft of prime office and retail space across six buildings, occupying an entire block at 90-114 Oxford Street, between Newman Street and Berners Street. Located opposite the Elizabeth line Tottenham Court Road station entrance, it includes 38,291 sq ft of retail across ten shop and restaurant units, 109,491 sq ft of office space, and nine modern residential units accessed from Berners Street. A block date has been arranged for 2031, with a masterplan being developed for the site’s long-term redevelopment.

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Tottenham Court Road

The Tottenham Court Road estate comprises eight buildings totalling approximately 490,000 sq ft of commercial space, primarily office and retail accommodation, along with two health clubs.

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Wigmore Street

The Wigmore Street Estate comprises 371,953 sq ft across four properties, primarily office spaces, alongside a best-in-class medical facility and 15 residential units. The site includes CBRE’s EMEA head office at Henrietta House, a Grade II listed building at 27-37 Wigmore Street; Welbeck Partners’ medical facility at One Welbeck Street; and a Fora serviced office with retail frontage on Wigmore Street and Wimpole Street.

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