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JADE JAGGER On rocks and rock’n’roll

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96<br />

property<br />

A l<strong>and</strong>mark<br />

for Finchatton<br />

LUXURY DEVELOPER Finchatton<br />

has bought a l<strong>and</strong>mark Mayfair<br />

building that is set to become the<br />

company’s largest-ever project.<br />

The international design <strong>and</strong><br />

development firm has purchased the<br />

former US Navy headquarters at 20<br />

Grosvenor Square in a joint venture<br />

with the Abu Dhabi Investment<br />

Council, for a sum believed to be in<br />

excess of £250 million.<br />

Finchatton will convert the<br />

178,000 sq ft building, which was<br />

previously owned by entrepreneur<br />

Richard Caring, into luxurious<br />

apartments that experts predict<br />

could sell for a record-breaking<br />

£6,000 per sq ft.<br />

The development will be the<br />

largest ever taken on by Finchatton,<br />

which has designed <strong>and</strong> managed<br />

more than 50 projects since it was<br />

founded by Alex Michelin <strong>and</strong><br />

Andrew Dunn in 2001.<br />

The company focuses mostly on<br />

prime-central London, including<br />

Mayfair, Chelsea <strong>and</strong> Belgravia, <strong>and</strong><br />

has previously developed flats on<br />

Green Street <strong>and</strong> Mount Street.<br />

Get the keys to<br />

a secret garden<br />

SNAP UP A conservatory <strong>and</strong> private courtyard<br />

garden in the heart of Mayfair with this stunning<br />

turnkey flat on Balfour Place.<br />

Located just moments from Hyde Park in the<br />

sought-after area known as ‘Mayfair Village’, the<br />

flat is described as a “traditional Mayfair<br />

apartment with character, perfectly situated in a<br />

quiet <strong>and</strong> peaceful location.”<br />

Occupying the raised-ground <strong>and</strong> lowerground<br />

levels of a classic 1890s Mayfair<br />

mansion, the apartment was completely<br />

refurbished several years ago. It is described by<br />

Wetherell, the agent marketing the property, as<br />

“exceptional”.<br />

The apartment on Balfour Place is on the<br />

market for £3.75 million (020 7529 5566).<br />

In <strong>and</strong> Out is on<br />

PLANS TO BUILD a £200 million mansion on<br />

Piccadilly have been given the go-ahead by<br />

Westminster council.<br />

Billionaire property developers the Reuben<br />

brothers have been granted planning<br />

permission to convert Cambridge House on<br />

Piccadilly – the former home of the In <strong>and</strong> Out<br />

Club – into a 48-room private residence.<br />

The 50,000 sq ft property will include 11<br />

bedrooms, a swimming pool, underground<br />

parking for 12 cars <strong>and</strong> a huge wine cellar with<br />

space for 35,000 bottles. Two adjoining<br />

buildings will be turned into a single home <strong>and</strong><br />

six luxury flats.<br />

The Grade I listed property has become<br />

dilapidated in recent times <strong>and</strong> was placed on<br />

English Heritage’s “at risk” register. Estate<br />

agents have predicted it could fetch up to<br />

£200 million when completed.

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