Stanhope, the development and asset manager, and Cheyne Capital, the global alternative investment fund manager, have completed the acquisition of Row One, a landmark development site on London’s South Bank, with planning consent for a new 250,000-square-foot office tower with a Gross Development Value of £450 million ($613 million). With Stanhope as the minority investor, the joint venture has purchased the project from Landsec, reflecting both parties’ strong conviction in the strength of occupier demand for sustainably developed prime Central London office space with integrated technology, high-quality amenities and excellent transport connectivity.
Stanhope will be responsible for managing the delivery of the development. With demolition work already completed, the main contract program is scheduled to commence in early 2026 following enabling works, with an approximate two-year build period.
The 1.24-acre site will comprise two basement levels and 11 floors
