Covent Garden
Our principal holdings in Covent Garden are centred in Seven Dials and the Opera Quarter.
Whilst our wholly owned investments in Covent Garden represent 29% of our property assets, when our 50% interest in the Longmartin Joint Venture is included, it represents 36%, making Covent Garden for the first time our largest investment district.
With the area’s historic origins and containing half of the West End’s 38 theatres, Covent Garden retains an alternative atmosphere which is very distinct from the rest of the West End. It also includes a long established and flourishing residential community which is expanding. We have carried out a significant number of schemes to convert offices to residential accommodation in recent years. The floor areas of office and residential space are now almost equal in this Village.
Seven Dials comprises a seventeenth century network of streets, courtyards and warehouse buildings radiating from the central sundial monument just off Neal Street in Covent Garden. It is characterised by an eclectic mix of shops, restaurants, bars, theatres and hotels and also houses the largest residential community of all our villages. Each street within Seven Dials has its own unique atmosphere with its mix of high end fashion boutiques and quirky independant stores. Neal’s Yard is renowned as the birthplace of alternative therapies and treatments in the UK and to this day comprises a colourful collection of buildings which act as a focus for alternative medicine, organic treatments, pilates, yoga and vegetarian restaurants.
Opera Quarter comprises four interconnecting streets adjacent to Covent Garden Market and Piazza and in the heart of Theatreland, with seven major theatres containing 9,500 seats in the immediate vicinity and 5 major hotels close by. This is Covent Garden’s food quarter. Virtually all ground floor frontages are either restaurants or specialist food related operators and delis.
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Facts
| No. | Area Sq ft |
Gross income |
|
| Shops | 103 | 130,000 | 38% |
| Restaurants and leisure | 82 | 154,000 | 32% |
| Offices (tenancies) | 103,000 | 15% | |
| Residential | 162 | 116,000 | 15% |
