REM has confirmed the practical completion of the new 32,000 sq ft office development at 48 Pall Mall in the heart of St. James's.
28th June 2016 – REM has confirmed the practical completion of the new 32,000 sq ft office development at 48 Pall Mall. The building is situated in the heart of St. James’s in Westminster, one of London’s most respected business districts.
48 Pall Mall has been redeveloped behind a part-retained façade to provide nine floors of between 2,000 sq ft and 4,000 sq ft of high specification office space. It has a total of three roof terraces, a dedicated parking space, cycle storage, and the ability for a private entrance at the rear with access from Rose and Crown Yard.
The building has already received significant interest from potential occupiers across a range of business sectors. St. James’s is home to a variety of prestigious office occupiers, restaurants, hotels, private members clubs and art galleries. It is also close to the popular shopping locations of Jermyn Street and Bond Street.
48 Pall Mall is REM’s newest asset under management, adding to a respected group of properties including Western Europe’s tallest building The Shard, The News Building at London Bridge Quarter, and Park House in London’s West End. Savills and CBRE are 48 Pall Mall’s leasing agents.
Michael Baker, CEOof REM, which has redeveloped 48 Pall Mall said: “St. James’s has always been a well-known, traditional office location in the West End. In recent years, other areas of London have started to rival it for office occupiers. 48 Pall Mall has been developed to compete for modern businesses looking for highly efficient office space in this prime location. We have already received significant interest in the building from a variety of business sectors.”
The façade of 48 Pall Mall features a contemporary artwork designed by award-winning design studio Timorous Beasties. The subtle modern acanthus leaf design has been hand carved into the new limestone frontage and complements the classical motifs in the original architectural features of the adjacent retained façade.
A second artwork also by Timorous Beasties is located within the spacious modern reception area. The piece is printed in bronze concrete, which reflects the bronze detailing of the external façade.