GPE JV completes TfL land buyback at Hanover Square

GPE Bond St new image

GHS, the 50/50 joint venture between Great Portland Estates and the Hong Kong Monetary Authority, has completed the land buyback from Transport for London at its Hanover Square development.

Having set up the joint venture to develop the 1.3 acre mixed-use redevelopment of Hanover Square in the West End of London in 2013, GHS has taken the next step of its development programme following the completion of the Elizabeth line’s new ticket hall structure at the Bond Street East station.

GHS has acquired the site through the grant of two new 150 year leases and entered into a development agreement with TfL to enable completion of the construction of the over station development at 18 Hanover Square, anticipated in Q3 2020.

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