{"id":766400,"date":"2026-09-10T18:06:18","date_gmt":"2026-09-10T18:06:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/766400\/"},"modified":"2026-09-10T18:06:18","modified_gmt":"2026-09-10T18:06:18","slug":"luxury-london-landowner-takes-record-rent-from-health-empire","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/766400\/","title":{"rendered":"Luxury London landowner takes record rent from health empire"},"content":{"rendered":"<p>\t\t\tThursday 10 September 2026 8:30 am<br \/>\n\t\t\t\t\t\u00a0|\u00a0\u00a0Updated:\u00a0<\/p>\n<p>\t\t\tWednesday 09 September 2026 4:48 pm\n\t<\/p>\n<p><img width=\"742\" height=\"495\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/09\/1-Harley-St-e1788967918806.jpg\" class=\"media \" alt=\"Ornate red brick and stone building at 1 Harley Street in London, with pedestrians crossing the street on a sunny day.\" fetchpriority=\"high\" loading=\"eager\" decoding=\"sync\"  \/>\t\tHarley Street accounts for nearly half of London&#8217;s private healthcare market\t<\/p>\n<p class=\"wp-block-paragraph\">One of London\u2019s biggest landowning families raked in record rent from its Marylebone property empire last year, helped by a surge in demand at its \u2018cradle-to-grave\u2019 private healthcare district.<\/p>\n<p class=\"wp-block-paragraph\">Howard de Walden Estates, which owns the Harley Street health district and the residential Marylebone Village, grew its rental income from the estate by 9.3 per cent to \u00a3179.4m in the year to March.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">The estate, sprawling across Victorian and Georgian townhouses in the centre of London, has been controlled by the Howard de Walden family since 1879. Today it is led by Peter Czerin, the dynasty\u2019s 11th Baron.<\/p>\n<p class=\"wp-block-paragraph\">Mark Kildea, chief executive of the landowner, told City AM that the health district is the jewel in the crown of this billion-pound estate.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">In recent years, the landowner has focussed on growing Harley Street\u2019s reputation by attracting world-leading health specialists. The cluster of health providers, which includes private-sector-NHS partnerships, is evolving into a cradle-to-grave destination for its private clients, Kildea said.<\/p>\n<p class=\"wp-block-paragraph\">He told City AM: \u201cYou can go and get a GP appointment here, you can have day surgery, you can be an overnight patient, you can be imaged on the estate and you can have intensive care treatment.<\/p>\n<p class=\"wp-block-paragraph\">\u201cSo everything between being born on the estate at The Portland Hospital to, in theory, you could die on the estate at an intensive care facility, which is obviously not what we want to plan for everybody. But we\u2019re just explaining the everything-in-between [service].\u201d<\/p>\n<p>Harley St averting \u2018healthcare bankruptcy\u2019<\/p>\n<p class=\"wp-block-paragraph\">Harley Street\u2019s tenants are at the forefront of new artificial intelligence and health technologies, Kildea said. \u201cThey could be anywhere. They could be in King\u2019s Cross, they could be in Victoria.\u201d<\/p>\n<p class=\"wp-block-paragraph\">The health district is the only such estate in the world of this size which exists without government backing, he said. \u201cWe provide [that]. We connect people together in a way that they couldn\u2019t.\u201d<\/p>\n<p class=\"wp-block-paragraph\">The country would be facing what Kildea calls \u201chealthcare bankruptcy\u201d without the health-tech innovation of Harley Street\u2019s tenants, he claims.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Though NHS waiting lists are easing, the landowning boss said the estate is seeing huge demand for specialist procedures which are \u201cpoorly provided\u201d for by the public health service, like mental health and women\u2019s health.<\/p>\n<p>\t\t\t\t\tRead more<\/p>\n<p>\t\t\t<a class=\"read-more__link\" href=\"https:\/\/www.cityam.com\/prologis-confirms-14bn-takeover-of-ftse-100-segro\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">FTSE 100 Segro agrees to \u00a314bn takeover by Prologis<\/a><\/p>\n<p class=\"wp-block-paragraph\">Harley Street accounts for 40 per cent of London\u2019s private healthcare market, and 11 per cent of the UK-wide sector.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Howard de Walden\u2019s property empire was valued at \u00a34.5bn in March, up 3.2 per cent from the year before. The group posted a \u00a397m pre-tax profit in the year, improved by 27.5 per cent year on year.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">The family paid itself a \u00a349m dividend in the period, just below last year\u2019s \u00a350m. Sir William Proby, chairman of the landowner, said it delivered \u201cconsiderable progress\u201d in the last year, prevailing against a \u201cchallenging economic environment\u201d.\u00a0<\/p>\n<p>London luxury property \u2018slowing down\u2019<\/p>\n<p class=\"wp-block-paragraph\">Alongside the Harley Street health district, Howard de Walden also commands a \u00a31.2bn residential property empire, which it rents out to some of London\u2019s wealthiest tenants.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">The capital has suffered sluggish growth in its prime property market in recent years, and rising mortgage rates and inflation fears have pushed some of London\u2019s most up-market postcodes into value losses in recent months.\u00a0<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" height=\"640\" width=\"960\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/09\/Marylebone-Village.jpg\" alt=\"Sunny street scene in Marylebone Village with people walking past shops and brick buildings.\" class=\"wp-image-2456399\"  \/>Marylebone Village<\/p>\n<p class=\"wp-block-paragraph\">In June, house prices in Westminster \u2013 which includes luxury neighbourhoods like Mayfair, Belgravia and St John\u2019s Wood \u2013 <a href=\"https:\/\/www.cityam.com\/house-prices-in-wealthy-london-boroughs-fall-by-up-to-300000\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">fell<\/a> by more than a quarter. Prices in Kensington and Chelsea slipped by nearly 15 per cent.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Andrew Griffith, the estate\u2019s finance chief, conceded that rental growth in Marylebone has \u201cslowed,\u201d adding that it has \u201cnot dropped off, so to speak\u201d. The group\u2019s rental income from its residential estate grew by six per cent to nearly \u00a341m in the year to March.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Griffith said: \u201cI don\u2019t think it\u2019s the growth that\u2019s been seen over the last few years, so we have seen a slowdown, and that in some ways means it\u2019s probably getting to the point where it\u2019s the right affordability for the people who want to live in the area.<\/p>\n<p class=\"wp-block-paragraph\">\u201cI think that\u2019s a key thing for us. That\u2019s positive because we\u2019re seeing people stay longer, and that\u2019s only a positive in terms of creating a village feel.\u201d\u00a0<\/p>\n<p class=\"wp-block-paragraph\">The estate\u2019s main attraction \u2013 to healthcare providers, office tenants and residential inhabitants \u2013 is its appeal as a \u201csoft neighbourhood,\u201d Kildea said. \u201cIf you look at Canary Wharf, it\u2019s a very urban, boxy environment.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">\u201cIt feels much more like a neighbourhood, where you\u2019re more likely to bump into people that you will see regularly. To get that feel in a very urban [location], in the heart of the city, is very unusual.\u201d<\/p>\n<p>\t\t\t\t\tRead more<\/p>\n<p>\t\t\t<a class=\"read-more__link\" href=\"https:\/\/www.cityam.com\/costar-data-shows-strong-prelet-activity-driving-uk-lab-space-demand-to-a-record-high\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">CoStar Data Shows Strong Prelet Activity Driving UK Lab Space Demand to a Record High<\/a><\/p>\n<p>\t\tSimilarly tagged content: <\/p>\n<p>\t\t\tSections\t\t<\/p>\n<p>\t\t\tCategories\t\t<\/p>\n<p>\t\t\tPeople &amp; Organisations\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Thursday 10 September 2026 8:30 am \u00a0|\u00a0\u00a0Updated:\u00a0 Wednesday 09 September 2026 4:48 pm Harley Street accounts for nearly&hellip;\n","protected":false},"author":2,"featured_media":766401,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[84,101908,102,2960,253035,253036,186959,253037,253038,48023,253039,253040,141470,50,104,23751,2295,5367,253041,56,54,55],"class_list":["post-766400","post","type-post","status-publish","format-standard","has-post-thumbnail","category-healthcare","tag-business","tag-harley-street","tag-health","tag-healthcare","tag-howard-de-walden","tag-howard-de-walden-estates","tag-london-prime-property","tag-london-prime-property-market","tag-london-prime-rental-market","tag-london-property","tag-luxury-property","tag-luxury-property-london","tag-marylebone","tag-news","tag-nhs","tag-private-healthcare","tag-property","tag-renting","tag-renting-london","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/766400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=766400"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/766400\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/766401"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=766400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=766400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=766400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}