3. Historical Highlights
• In the late 18th century, the area around Victoria gained the mark of desirability and the first major
development produced the main components of the current street plan. The architect who oversaw the
redevelopment on the Grosvenor Estate, and designed the street frontages of most of the buildings was
Thomas Cundy III.
• In 1867 The Builder reported that the seventh plot on Grosvenor Gardens, allotted to the Belgrave Mansion
Company for the erection of Belgrave Mansions (later re-named Grosvenor Gardens House) a mansion house
based upon the Continental idea of ‘Hôtel meublés’, was mostly complete.
• According to English heritage- The Queen’s mother was reputedly she was born at her parents' Westminster
home **of Belgrave Mansions, Grosvenor Gardens (or in a horse-drawn ambulance on the way to a hospital).
** http://en.wikipedia.org/wiki/Queen_Elizabeth_The_Queen_Mother
4. Key Investment Highlights
Premium Location
• Located on the North side of Grosvenor Gardens on the edge of the Belgravia
Estate
• Surrounding area is undergoing significant redevelopment/upgrade which is
expected to act as a significant driver on current residential prices
• Rare freehold title in this area of London
Advanced redevelopment Plan
• Detailed redevelopment plan to convert the building into 45 luxury apartments
with retail areas, wellness & Spa, Cinema, 2 Restaurants & 55 underground parking
spaces
• Planning permission is low risk due to the freehold and the requirement for
Westminster Council to create more residential living space
• Residential apartments will be serviced by the 5 star Goring Hotel
Significant Investment Opportunity
• The redevelopment plan will provide expanded residential space which should
achieve a premium price in a highly desirable and developing area**
• The project is being lead by OAKVEST Limited (the ‘owner investor’), an established
UK based property designer and developer with considerable experience & existing
properties under management in Grosvenor Gardens
• Opportunity in project valuation uplift through planning & development 2.5x GDV
5. Project Highlights
Redevelopment
• The intention of the redevelopment scheme is to ‘sympathetically’ return the
building to its original use, a ‘first class’ serviced apartment mansion block
• The intended scheme will see the creation of c.45 luxury apartments of different
sizes ranging from one to four bedrooms
• The scheme provides for 83,000 sq ft of Residential living, 13,000 sq of high end
retail & 12,500 sq ft of other facilities
Planning
• Westminster council’s core strategy policy CS 14 identifies residential use a priority
across the borough and specifically encourages the change of use from office to
residential
The Professional Team
• Development management- Medici (www.42-44gg.com/)
• Financial Advisor- The Private Office (www.Theprivateoffice.ch )
• Master Plan Architect- Studio K/Paul Davies &
Partners(http://www.pauldavisandpartners.com/ )
• Planning Consultant- Gerald Eve (www.geraldeve.com/)
• Quantity Surveyor- Bruce Shaw (www.bruceshaw.com/)
• Structural Engineer- Pringuer James Consulting (http://www.pjce.com)
• Architectural Historian- Donald insall Associates (www.insall-lon.co.uk)
