Bourne Capital has revealed its plans for a £40m revamp of the 164,000 sq ft Queensway Estate in Bayswater, London W2.

Proposals for the estate, anchored by London’s biggest ice rink and bowling alley, include 30,000 sq ft of flexible office and co-working space to be operated by Bourne Capital’s flexible working brand Local London, as well as a refreshed retail and restaurant line-up with new frontages.

In addition, 68 new homes at 28-34 Queensway, Queens Court Gardens and Queens Court Rooftop will be delivered as well as an extension to the ice rink and bowling alley venue, two new bars, and an enlarged restaurant space, both operated by Meat Liquor.

Other operators lined up include US gym operator Barry’s Bootcamp, healthy independent café Urban Barista, one of London’s largest Pret A Manger stores and Amorino gelateria.

Subject to planning approval, the redevelopment will start next year, with the retail and office offering delivered in the first phases. Completion is expected by 2021.

“Queensway represents a unique opportunity to transform an important and strategically located area of London,” Ben Bourne, managing director of Bourne Capital, said.

“By carefully curating the right mix of retail, office and leisure spaces alongside new homes, Queensway will be transformed into a thriving and engaging place for people to live, work, shop and relax.”

Bourne Capital is being advised on the retail and leisure leasing on the scheme by Levy Real Estate.