CBRE Borough Guide 2017: Westminster
Westminster is well known as the heart of prime London. It is made up of affluent areas including Belgravia, Mayfair, and Knightsbridge and has one of the highest house prices in London. The area’s architecture, especially in places such as Soho and Covent Garden, make it particularly suited to boutique style residential development. Boutique developers specialise in a more individual approach to building, design and fit-out. Often starting with existing structures, developers incorporate distinctive characteristics such as listed façades, ceiling beams and exposed brickwork into their developments.
For example, The Pathé Building in Soho has maintained the building’s original listed façade, with the apartments’ interiors reflective of the building’s history as former home of the famous Pathé Film Company. Similarly, Wardour Lofts, a warehouse conversion in Soho, has retained its exposed brickwork, 200 year old reclaimed oak flooring, original exposed ceiling beams and an array of other strong design statements. Demand for a more individual, personalised and bespoke product is being driven by an increasingly discerning consumer.
Good to know:
- Westminster has 31 underground stations, the most of all London Boroughs.
- Westminster has nearly 6,000 retail outlets; the most in any London borough.
- Westminster has 40 public conveniences with an estimated 15 million users per year.
- The City of Westminster contains over 11,000 listed buildings of special architectural and historic interest and 78% of the borough is included within a designated conservation area