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Langham Estate

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Coordinates: 51°31′01″N 0°08′22″W / 51.5170782°N 0.139501°W / 51.5170782; -0.139501
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Langham Estate
Company typePrivate limited company by shares
IndustryReal estate management
Founded9 December 1993
Headquarters
London
,
UK
Area served
13.8 acres
Key people
Ahsan Ellahi
OwnerSamuel Tak Lee
ParentMount Eden Land Limited (Guernsey)
Websitelanghamestate.com

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 central London.

Background

Great Portland Street as seen in the early 1900s

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 divested over the years.

The Langham Estate operates in an area noted for its media connections, restaurants, design 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 now in the form of freehold as their long leases have 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

Great Portland Street is long known for its shops and restaurants

The Fitzrovia property market, where Langham Estate's property is located, has been undergoing gentrification and comparatively higher occupant turnover along with significant increases in rents and rates.[20][21][22] Property values have also increased in part due to changes in planning constraints in the East Marylebone Conservation Area, along with the impact of Cross Rail/Oxford Street projects which is expected to increase footfall in the area.[23][24][25]

The company markets some of its properties under the banners of mynoho and/or FitzNovia.[26][27] Langham's website states the company 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 Langham Estate's Fitzrovia area. This is being done in consultation with stakeholders, the Langham Estate and other landholders, local businesses and residents.[30][31] Efforts are being made to improve the local amenity, affordable housing provision, pollution reduction and investment in improved broadband data services.[32][33][34]


Wikimedia Commons has media related to Langham Estate.

51°31′01″N 0°08′22″W / 51.5170782°N 0.139501°W / 51.5170782; -0.139501

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References

  1. ^ a b c d e Philip Temple and Colin Thom (2017). "South-East Marylebone: Draft of Volumes 51 and 52" (PDF). Survey of London: South-East Marylebone Volumes 51 and 52. Yale University Press. ISBN 9780300221978. {{cite news}}: line feed character in |work= at position 40 (help)
  2. ^ "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. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  3. ^ The Howard de Walden Estate is said to have sold 40 acres in East Marylebone in anticipation of high death duty obligations.
  4. ^ 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. ^ a b "Who owns central London?". Who owns England?. 2017-10-28. Archived from the original on 2018-06-17. Retrieved 2018-10-15. {{cite news}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  6. ^ "History of The Langham Estate". Langham Estate. Retrieved 2018-10-15.
  7. ^ 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.
  8. ^ "The secretive billionaire". 2009-08-20. Archived from the original on 2016-03-24. Retrieved 2018-10-16. {{cite news}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  9. ^ Jenkins, Simon (2012-05-15). Landlords to London: The Story of a Capital and Its Growth. Faber & Faber. ISBN 9780571294763.
  10. ^ "Great Portland Street", Wikipedia, 2018-04-19, retrieved 2018-10-15
  11. ^ "About Fitzrovia London". Fitzrovia Neighbourhood Association. 2012-04-02. Archived from the original on 2018-07-04. Retrieved 2018-10-17. {{cite news}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  12. ^ 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. {{cite news}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  13. ^ Kevin Cahill (2002). Who Owns Britain. Canongate Books Ltd. ISBN 9781841953106.
  14. ^ Judith Evans (May 23, 2017). "Shaftesbury profits jump, supported by robust West End shopping". Financial Times. {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
  15. ^ "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. {{cite news}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  16. ^ Shah, Oliver (2014-11-16). "Hong Kong tycoon sets sights on Chinatown". The Sunday Times. ISSN 0956-1382. Retrieved 2018-10-15.
  17. ^ "Tak Lee boosts Shaftesbury stake". EGi. Retrieved 2018-12-10.
  18. ^ "Lee Family Investors" Tender Offer – Shaftesbury PLC – Company Announcement - FT.com". markets.ft.com. Retrieved 2018-12-10. {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
  19. ^ Crosland, Jonas (2017-07-20). "Shaftesbury looking Brexit-proof". www.investorschronicle.co.uk. Retrieved 2018-12-10.
  20. ^ 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. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  21. ^ Ramsorrun, Helen. "How Fitzrovia Became a Key Area for Commercial Property Investment". Pearl & Coutts. Retrieved 2018-10-15.
  22. ^ "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. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  23. ^ "JLL | Residential Research | Crossrail Opportunities 2016". residential.jll.co.uk. Archived from the original on 2017-10-21. Retrieved 2018-10-17. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  24. ^ Savills.com (18 April 2018). "Infrastructure Investment and Land Value Uplift". Retrieved 2018-10-17.
  25. ^ "A FUTURE FOR THE OXFORD STREET DISTRICT". www.oxfordstreetdistrict.com. Archived from the original on 2018-03-23. Retrieved 2018-10-25. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  26. ^ "MyNoHo – The Langham Estate Blog". MyNoHo. Archived from the original on 2018-09-02. Retrieved 2018-10-15. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  27. ^ "FitzNovia Twitter Feed". twitter.com. Retrieved 2018-10-15. {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
  28. ^ "Commercial lettings : Serviced Office Space for Rent : London West End". Langham Estate. Archived from the original on 2018-09-06. Retrieved 2018-10-15. {{cite news}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  29. ^ "Who owns central London?". Who owns England?. 2017-10-28. Archived from the original on 2018-06-17. Retrieved 2018-10-15. {{cite news}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  30. ^ "Draft Plan | FitzWest". fitzwest.org. Archived from the original on 2018-09-02. Retrieved 2018-10-15. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  31. ^ www.FITZWEST.ORG/wordpress. "FitzWest Plan -- Fitzrovia West Neighbourhood Forum" (PDF). {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
  32. ^ "FitzWest Plan: Fitzrovia West Neighbourhood Forum" (PDF). fitzwest.org. Retrieved 2019-01-01. {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
  33. ^ "Better Oxford Street Campaign - Pedestrianising Oxford Street is not the answer". Better Oxford Street Campaign. Retrieved 2019-01-01.
  34. ^ "Broadband in Fitzrovia | FitzWest". Retrieved 2019-01-01.
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