Amazon Property Developers Launch Luxury Storage Facility In Marylebone

Marylebone Station

Luxury property developer Amazon Property unveiled its most unique project yet: a 10k SF, £30M, three-storey super-prime storage facility 40 feet beneath Great Portland Street.

Spread over three basement floors, The Armitage Vaults are encased in ferrous concrete more than three feet thick and contain 135 steel-lined, climate-controlled storage units ranging from six to 100 SF, according to the Evening Standard.

The bunker-style vaults give high-net-worth individuals a plush place to store art, jewelry, paperwork and other valuables.

The basement complex is a former library, records office and storage centre for the Royal National Institute for the Blind, originally built in 1921.

The site’s insurance covers stored items valued up to £150k but cover can be extended to £10M in value by special arrangement and additional fees. [ES]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's London Newsletters
Related Stories

Sovereign Fund Backs £500M Subterranean West End Development

Lone Star Seeks 58% Uplift In Under 3 Years With £175M UK Mall Sale

Battersea Power Station Reveals Plans To Double Development Again

New Occupiers And More VC Money Fuel UK Life Sciences Rebirth

Canadian Firm Raises £680M For 6,000-Home UK BTR Push

Orega Completes PE-Backed Management Buyout: The London Deal Sheet

From Sector-Specific To Asset-Focused: Investment Strategies That Perform Today

The Difference Between Service And Hospitality That Makes A Flexible Workspace A Success

Retail Dynasty Pushes Button On Pair Of London Coliving Schemes

How Prologis Conquered The World

The Opportunities, Limitations And Benefits Of Reserved Investor Funds

£1B Property Group To Buy Huge Chunk Of Collapsed NCP Car Park Empire