Stuart Lipton is to quit Chelsfield Partners to set up a new property development company with Peter Rogers, brother of architect Richard Rogers
The two have worked together in the past, most famously on the Broadgate complex in the City of London, and the new company – Lipton Rogers – will seek work on large-scale property developments in London.
In an interview with The Times, Lipton said: ‘Growth is tough at the moment, and I am a great believer in listening to the market. The action is in places where traditionally we have not had to look, such as the technology, media and telecoms sector, where consumers don’t want plain glass boxes for offices.
‘It is in the tough times like this that the property market gets innovative. We have to think about new ways of doing things, and large and complicated projects are our bag.’
Chelsfield has worked on a large number of London-based commercial and mixed use developments including Paddington Basin, Stratford City and Chsiwick Park, as well as cultural centres such as Tate Modern and the National Gallery. It is currently in a joint venture with London and Regional Properties Limited which is working with David Chipperfield Architects to redevelop Elizabeth House near Waterloo.