en.Wedoany.com Reported - Tishman Speyer has completed the acquisition of 50 Pall Mall from Lazari Investments and will commence a comprehensive refurbishment of this nine-story, Grade A office building. Located in the heart of St. James's, the project offers 33,888 square feet of office space and currently maintains an 87% occupancy rate.

Built in 1913 and renovated in 1997 and 2006, the property retains its carved Portland stone facade. Tishman Speyer plans to enhance the building's environmental performance and internal amenities through the refurbishment. Specific plans include redesigning the entrance lobby and adding a rooftop terrace, aiming to meet tenant demand for sustainability and experiential office space. The project will preserve approximately 4,000 square feet of efficient floor plates to accommodate flexible workspace layouts.

Martin Simonneau, Managing Director of Tishman Speyer UK, stated that this acquisition presents an opportunity to upgrade a prime office asset in a core London location. The company plans to leverage its placemaking and development experience, focusing on sustainability, amenity provision, and design quality to respond to evolving tenant needs. This refurbishment will prioritize balancing the preservation of the historic building with modern office standards.

This transaction continues Tishman Speyer's investment strategy in London. In 2025, the company completed the Angel Square project in Islington and continues to advance the large-scale redevelopment of Belvedere SW1—a mixed-use campus in the Victoria area totaling 550,000 square feet. The latest refurbishment plan underscores the developer's continued confidence in the transformation potential of prime assets in London's core areas.

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