Covent Garden
Covent Garden is a world-class global destination in the heart of the West End, steeped in history with a rich heritage, made up of unique neighbourhoods including the iconic Piazza, Market Building and surrounding streets, together with Seven Dials, a seventeenth-century network of streets and courtyards.
Covent Garden offers unique shopping and dining experiences complemented by offices and a high-quality residential neighbourhood. These sit alongside historic architecture and cultural institutions including the world-renowned Royal Opera House and more than half of London’s West End theatres, attracting both domestic and international visitors alike.
Portfolio Under Management
1.4m
sq ft
227
shops
193
food & beverage
138
offices
300
apartments
Map as at 30 June 2025
Our Ownership
Shaftesbury Capital and Norges Bank Investment Management (“NBIM”) has formed a strategic, long-term partnership in respect of the Covent Garden estate in April 2025. NBIM has acquired a 25% non-controlling interest of the estate, with Shaftesbury Capital retaining 75 percent ownership and management control over the estate.
Covent Garden is a world-class global destination in the heart of the West End of London, centred around the iconic Piazza, the Market Building and surrounding streets, together with Seven Dials. It is a mixed-use portfolio of assets, with 74 per cent of the property value represented by retail and food & beverage and 26 per cent by office and residential. The estate is a vibrant, high-footfall destination, which provides a seven-days-a-week trading environment and exposure to a diverse customer base which has proven to be resilient throughout economic cycles.
The Floral, Covent Garden — A Showcase of Sustainable Refurbishment
The Floral, located at 27B Floral Street, Covent Garden, has undergone a comprehensive refurbishment, transforming 22,469 sq ft of office space into a modern, energy-efficient workplace while transforming its historic setting. Guided by a sustainability-first brief, the project team delivered a market leading model in responsible redevelopment.
Key sustainable enhancements included replacing the façade and roof insulation, introducing electric air source heat pumps, and removing all gas connections to achieve a fully electrified building. Photovoltaic panels were installed to generate on-site renewable energy, while heat recovery ventilation units further improved energy efficiency. The retention of existing window frames, combined with upgraded glazing, optimised thermal performance and significantly reduced embodied carbon.
Biodiversity was introduced through new green walls and planted roof terraces, creating valuable urban habitats and enhancing wellbeing. The scheme is on track to achieve outstanding sustainability metrics, targeting BREEAM Outstanding and WELL Platinum certifications, with an embodied carbon footprint of 334 kgCO₂e/m²—below LETI’s 2030 benchmark—and an energy use intensity of just 83 kWh/m²/year.
Through detailed planning, material reuse, and close collaboration with stakeholders, The Floral sets a high standard for sustainable refurbishment, implementing key interventions which deliver exemplary environmental performance for high-quality, future-ready workplaces.
The Floral
Our Destinations
Our Mixed Use Estate
Retail
Covent Garden offers consumers differentiated retail experiences and first-to-market concepts which bring together the best of British, global and independent brands.
Food & Beverage
The established food scene in Covent Garden offers a unique range of differentiated dining concepts from fast casual to fine dining.
Office
Covent Garden is a highly desirable office location underpinned by the overall appeal of the estate and excellent connectivity.
Residential
Covent Garden has a long standing residential heritage, characterised by unique period homes offering a rare opportunity to live in the heart of London’s West End.
Our Heritage
The Covent Garden district has a rich and illustrious history across its many iconic locations. Discover more at the following links:
