In late spring 2015, we announced the establishment of a Cain International-led consortium to create The Stage, a £750m GDV project including a 40–storey residential tower and over 250,000 sq ft of office, retail and leisure accommodation in London’s Shoreditch neighbourhood.
The project is uniquely situated next to what will be Amazon’s European headquarters and less than five minutes’ walk from Liverpool Street and Shoreditch High Street stations.
The Stage derives its name from the remains of the 16th century Elizabethan theatre, the Curtain Theatre, located within the development. William Shakespeare is known to have performed at the Curtain Theatre, with his troupe The Lord Chamberlain’s Men, and the theatre is known to be where Shakespeare’s Henry V was first performed.
The remains of the theatre have been excavated by archaeologists MOLA and will be preserved as part of the development, providing a new heritage site for domestic and international visitors. Working alongside the consortium, Plough Yard Developments Ltd will keep a stake in this internationally important heritage visitor centre.
Plough Yard Developments Ltd retain the freehold in the deal, while granting a new 250-year lease to the consortium to develop the 2.3-acre site.
“We think the heritage of the places in which we invest is as important as the legacy we leave behind. Our excavation of the Curtain Theatre, therefore, is just one of the extraordinary things about The Stage. Working with archaeological experts, MOLA, we were able to make the connection between the lives of Londoners from centuries ago and the vibrant community we are creating at The Stage.”
Robert Allan, Principal