The Whiteley courtyard in Bayswater, London, following its £1.5 billion renovation and reinstatement The Whiteley courtyard in Bayswater, London, following its £1.5 billion renovation and reinstatement

The Whiteley Reaches Practical Completion After £1.5B Renovation in Bayswater, London

After eight years, The Whiteley completes at a 200% residential premium, anchoring a £3 billion transformation of Bayswater.

When William Whiteley’s Queensway flagship opened in 1911, it was marketed as an emporium of the senses – the grand new home of the department store format he had pioneered from a single Westbourne Grove drapery half a century earlier.

For much of the century that followed, the Grade II listed building struggled to live up to the billing. This month, it finally does.

Never miss a Super Prime story.

Add us as a preferred source to see more super-prime intelligence in Google.

Follow on Google

The Whiteley has reached Practical Completion. Spanning 1.1 million square feet with a £1.5 billion gross development value, the joint venture between MARK and C C Land – with Valouran as development manager and Foster + Partners leading the masterplan – has closed out one of the most ambitious heritage-led conversions London has produced this cycle.

Crucially, as C C Land’s Executive Director, Dickie Wong, comments, practical completion “is not a closing chapter”, but an “exciting new beginning for the building and immediate area. Residents began moving in during late 2024, commercial tenants are already trading, and Six Senses London opened its 109-key UK debut in March 2026.

Life very much beats through this West London landmark.

Valouran's marquee restoration of department store, The Whiteley, Bayswater, has reached practical completion. Image: Nick Rochowski

A landmark reinstated, not reinvented

Foster + Partners’ approach to the masterplan has been, notably, restorative rather than declarative. The original 1911 building – designed by John Belcher and John James Joass, with a later phase completed by William Curtis Green in 1925 after Belcher’s death – had spent decades reading as a compromised shell of its Edwardian commercial ambition.

In its own account of the project, the practice framed the brief with unusual directness: “For a building that had so long been out of place, proportion, and time, our vision was to make The Whiteley once again commensurate with its physical and psychological presence.”

That reading shows in the execution, and the commitment ensuring heritage is the leading design virtue, rather than an afterthought.

For instance, the original glass dome and clocktower have been meticulously restored, while the historic staircase has been conserved and relocated. The Queensway façade’s Portland stone and Cornish granite have been preserved in situ where possible and, where they could not remain, carefully dismantled, catalogued and re-laid elsewhere on site under the guidance of stonemasons.

A remodelled cupola on the northern corner completes the composition, finishing – for the first time – an element of the original 1911 design that had never been built.

The reimagined courtyard of the Whiteley courtyard, Bayswater. Image: Nick Rochowski

The residential numbers are quietly doing some work

The Whiteley comprises 139 residences, including 14 Six Senses-branded serviced apartments, served by amenities that run from a padel court and spa to a dedicated children’s playroom. Average sales values are running at £3,600 per square foot – a figure Savills puts at a 200% premium to the surrounding Bayswater market.

Where the super prime market moves first

Unfiltered coverage of the world’s most exclusive real estate markets.

Subscribe

Off-plan sales reached £600 million ahead of completion, and buyer demand has landed cleanly across British, American, Asian and European capital.

That last data point is doing the real work, as Bayswater has spent much of the past decade as prime London’s quiet middle child, overlooked in favour of Mayfair, Knightsbridge and Marylebone.

A 200% premium supported by genuinely international demand – in a market cycle that has tested most London super-prime launches – repositions the W2 postcode more meaningfully than any marketing campaign could.

Further momentum has come from The Designer Collection, a curated programme of bespoke residences developed with interior houses including RH Contract, Maxalto and Maoliosa Murray, with many selling on launch..

The Whiteley's original glass dome and clocktower have been meticulously restored. Image: Nick Rochowski

A developer's vision that runs wider than the building

What distinguishes The Whiteley from a standard London conversion is how far beyond its own walls the ambition extends.

The scheme is the founding force behind the Queensway Steering Group, a landowner collective now driving a £3 billion public realm programme – the largest coordinated investment the area has ever seen. Widened pavements, extensive re-greening, upgraded tube stations, new all-day dining pavilions, public art commissions and a fresh entrance onto Hyde Park are all in motion.

Inside the building’s 19 commercial units, the tenant mix reads as the commercial corollary to that vision. Third Space, Everyman, Nela, 3812 Gallery, Adventures in Furniture and Guillam Coffee House are already trading.

LALÏ from Mayfair, indoor golf destination 14 Clubs, premium pharmacy Whiteley Health, Japanese mochi bar Yuum, South Kensington salon Oblique Beauty, luxury food store Willy’s and Duck & Dry follow through the year.

A turning point, not an endpoint

Practical Completion in London almost always reads as a full stop. At The Whiteley, it reads as a turning point for Queensway itself.

The scheme has done what few private developments manage: it has repriced a neighbourhood, restored a landmark, delivered a five-star hotel operator and anchored a public realm strategy at scale – all at once.

Alex Michelin, CEO of Valouran, calls it “a defining moment” for the team and the scheme “a new landmark destination for London.” On the numbers, and on what those numbers imply for W2 over the next three to five years, that reading looks credible.

Matthew McEvoy

is the Managing Editor of The Super Prime. Formerly Knight Frank’s global content lead, he brings over 15 years experience from national newsrooms, creative communications agencies and c-suite offices alike. He specialises in distilling complex economic data into actionable market intelligence, and compelling storytelling for real estate professionals.