The Clarendon Works Named 2025 Commercial Development of the Year
Winners were selected by a panel of more than 630 esteemed industry professionals across 129 markets at the third annual commercial real estate awards.
26 March 2025 – Watford, United Kingdom – The Clarendon Works has been named the 2025 Commercial Development of the Year in the East of England at the CoStar Impact Awards. Winners – chosen for their growth, diversification, and the ability to overcome market challenges – were selected from a panel of over 630 industry professionals drawn from each respective market.
Developed by Regal, The Clarendon Works is a 140,000 sq ft Grade A office building on Clarendon Road in Watford. Completed in 2024, it delivers central London-quality workspace with standout sustainability credentials, including BREEAM Excellent and EPC A ratings, and is powered by 100% renewable energy (REGO).
The building is home to large occupiers including Allwyn and Epson UK, and offers high-spec amenities including a rooftop terrace, gym, café, and wellness spaces. Flexible workspace is provided on two floors by premium operator YoooServ.
This award recognises The Clarendon Works as a new benchmark for high-quality, sustainable office space outside central London.
“We are so proud to win Commercial Development of the Year in the East of England—an achievement that reflects the dedication of the entire Regal team, from design through to construction. Our focus on sustainability has made this building a natural choice for occupiers seeking high-performance, future-proofed spaces. This win also highlights the strength and resilience of the Watford market, which continues to attract forward-thinking businesses. As more occupiers move in, we’re excited to see our impact on the community grow.” ” – Paul Eden, Co Founder at Regal.
The CoStar Impact Awards recognise exemplary commercial real estate transactions and projects completed in 2024 that have significantly influenced neighbourhoods or submarkets across 129 major international markets in the United Kingdom, United States and Canada. The awards honoured winners for their CRE transactions across three categories: Lease of the Year, Sale/Acquisition of the Year and Commercial Development of the Year.
“Now in their fourth year, the CoStar Impact Awards continue to be an incredible opportunity to recognise the commercial property transactions and projects fundamentally transforming the industry landscape,” said Lisa Ruggles, Senior Vice President, Global Operations at CoStar Group. “We received so many inspiring submissions this year and enlisted a diverse panel of judges across each market to identify the most impactful projects shaping commercial property. Congratulations to all the winners for their efforts to change the industry and the communities they serve.”
To learn more about the CoStar Impact Awards and review the full list of winners, visit CoStar Impact Awards.
