UK property company Stanhope has started development of Gateway Central in west London a 260,000 sq ft (24,154 sq m) office building which is to be the UK and Ireland headquarters of cosmetics firm L’Oreal.
The 11-storey building at White City Place is being developed on behalf of Mitsui Fudosan and Alberta Investment Management Corporation (AIMCo).
L’Oreal, which is relocating from nearby Hammersmith, has taken 100,000 sq ft on six floors of the building and construction is scheduled for completion at the end of 2022. About 160,000 sq ft remains to be let.
Stanhope said in a statement that the building will, “provide a space that reflects L’Oréal’s ways of working, focusing on collaboration, creativity and agility and adapted to the opportunities and new reality of the post-Covid world.”
White City Place includes a group of six buildings in White City, three of which are occupied by the BBC which has 3,000 staff there. The new building will be located on land directly adjacent to MediaWorks and is part of the wider regeneration of White City.
Stanhope, Mitsui Fudosan and AIMCo were advised by Knight Frank and L’Oréal by Cushman and Wakefield.