Britain & Ireland - London Belgravia - 1-2 Halkin Street - Grosvenor
Britain & Ireland - London Belgravia - 1-2 Halkin Street - Grosvenor
Britain & Ireland - London Belgravia - 1-2 Halkin Street - Grosvenor
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GROSVENOR credentials<br />
1-2 <strong>Halkin</strong> <strong>Street</strong><br />
Five contemporary<br />
apartments in <strong>Belgravia</strong>.<br />
TYPE OF DEVELOPMENT<br />
A redevelopment of two Grade II listed terraced<br />
houses to provide five prime apartments in <strong>Belgravia</strong>.<br />
The apartments were a mix of lateral and duplex<br />
accommodation. Three apartments were to be held<br />
in our rental portfolio to retain the freehold and two<br />
were sold on long leasehold interests.<br />
Total area: 6,705 sq ft.<br />
CONSTRUCTION START DATE / END DATE<br />
Started January 2007. Completed in 2008.<br />
BACKGROUND<br />
The development comprised two period houses.<br />
One was previously used as a hotel and the other<br />
held on short term leasehold interests. Both buildings<br />
were in need of major refurbishment .<br />
KEY SUCCESS MEASURES<br />
• Excellent IRR.<br />
• Quality product.<br />
• Excellent conversion of listed buildings to provide<br />
contemporary accommodation.<br />
Living cities<br />
www.grosvenor.com
GROSVENOR credentials<br />
TARGET MARKET<br />
Prime residential market offering the best in<br />
contemporary accommodation.<br />
Stakeholders/Partners<br />
100% <strong>Grosvenor</strong>.<br />
TEAM INVOLVED<br />
Developer: <strong>Grosvenor</strong><br />
Architects: Latitude<br />
Contractor: Chorus<br />
ISSUES RESOLVED<br />
• Planning consent.<br />
• Protection of the freehold through leasing structure.<br />
Living cities<br />
www.grosvenor.com
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