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GROSVENOR
GARDENS
HOUSE
London SW1
Agenda                                       GROSVENOR
                                             GARDENS
                                             HOUSE
                                             London SW1




     Grosvenor Gardens House
         ‱   Location
         ‱   Situation
     The Scheme
         ‱   Proposed Layouts
         ‱   Area Schedule
     Regeneration of Victoria
         ‱   Overview
         ‱   Victoria Development Pipeline
GROSVENOR
Grosvenor Gardens House
                                                                      GARDENS
Location                                                              HOUSE
                                                                      London SW1




Grosvenor Gardens House is located on the edge of the
Belgravia estate, one of the most exclusive districts in Central
London.

Belgravia has enjoyed the acclaim of being one of London’s most
fashionable residential areas since it was developed by Richard
Grosvenor, the 2nd Marquess of Westminster, during the early to
mid-19th Century. At the heart of the Capital, the picturesque
area is built in the classic Regency style of squares, streets and
crescents lined with grand terraces of white stucco houses.

Grosvenor Gardens lies adjacent to the major transport hub of
Victoria station offering excellent communication links
throughout London and the South East. Victoria has
established itself as a key destination for major office occupiers,
and also presents a wide selection of local amenities including
luxury hotels, theatres, premium retail, and a range of
fashionable bars and restaurants. The area also boasts large
areas of open spaces at the neighbouring Royal Parks of St
James’s Park, Green Park and Hyde Park. The nearby areas of
Mayfair, Westminster, Knightsbridge and Chelsea are also within
a short walking distance.
GROSVENOR
 Grosvenor Gardens House
                                                                                                                  GARDENS
 Situation                                                                                                        HOUSE
                                                                                                                  London SW1




Grosvenor Gardens House lies on the eastern      Hyde Park   Hyde Park Corner Park Lane                  Green Park            Buckingham Palace
edge of the Belgravia estate and was
developed by Thomas Cundy III in the mid
1860’s as an extension to the Victoria Station
complex. Grosvenor Gardens enjoys a
distinctive architectural character comprising
tall, grand terraces separated and softened by
two triangular landscaped gardens.

Grosvenor Gardens House occupies a
prominent island site on the north side of
Grosvenor Gardens between Beeston Place
and Buckingham Palace Road, and bounded
by Eaton Lane to the rear. The property
enjoys excellent views over Grosvenor
Gardens to the front and the attractive
landscaped gardens of the Goring Hotel to
the rear.

Directly in front of Grosvenor Gardens House
with the Gardens between are 42-44 & 46-48
Grosvenor Gardens, we own these buildings
and have recently completed an extensive
refurbishment on the commercial and                   Eaton Square                 42-44 & 46-48 & 38
                                                                                   Grosvenor Gardens
                                                                                                        GROSVENOR
                                                                                                        GARDENS
                                                                                                                               Victoria Underground &
                                                                                                                               Mainline Stations
residential units.                                                                                      HOUSE
GROSVENOR
Grosvenor Gardens House
                                       GARDENS
                                       HOUSE
                                       London SW1




                          The Scheme
GROSVENOR
 Grosvenor Gardens House
                                                             GARDENS
 The Scheme                                                  HOUSE
                                                             London SW1




Grosvenor Gardens House is currently used for low
grade office accommodation, our intention is to
sympathetically return the buildings to its original use –
a “first class” serviced apartment mansion block.

The scheme calls for the formation of approximately 60
apartments with a mix of different sizes and ranging
from 1 to 4 bedrooms. There will be underground
parking, a wellness facility complete with gym, sauna,
steam room, treatment rooms and swimming pool.

The building currently benefits from a retail parade
fronting Grosvenor Gardens and this would be extended
all the way round the entire building opening new
frontage to Eaton Lane. The majority of the new
development would focus on the rear of the building
offering a second frontage and a considerably more
attractive visual presence.

As it did when first built, Grosvenor Gardens House
would once again benefit from a dedicated restaurant
whose character would be contemporarily coloured by
its past heritage whilst celebrating its future and the
buildings new lease on life.
GROSVENOR
Grosvenor Gardens House
                                                                                                                GARDENS
The Scheme                                                                                                      HOUSE
                                                                                                                London SW1




The scheme aims to restore the frontage and sides whilst redeveloping the rear of the building in order to
improve the internal space provided along with the outlook over Eaton Lane and the Goring Hotel Gardens.
Eaton Lane, which is presently dark and uninviting and predominantly frequented by vagrants would benefit
from a new retail parade of niche destination shops forming part of the new blocks facade with a substantial
improvement in aspect, lighting and local amenity.

We believe the position and contribution of Grosvenor Gardens House within the local conservation area is
significant and that the comprehensive redevelopment required to achieve our proposed scheme gives us the
opportunity to address numerous issues, not least the buildings poor state of repair. The redevelopment will
make it the focal point of the local conservation area and will reinstate a period landmark right besides the new
regeneration scheme due to be untaken in Victoria.




       The stone, slate, lead and timber have received little or no     New retail parade will add light and passing trade to a dark
       maintenance over many years and we have the opportunity to       and unattractive street.
       restore the building back to being a popular landmark.           The new facade will greatly improve the outlook from all
       We aim to illuminate the building in a tasteful manner but one   visual vantage points and would benefit the area for all
       which would make it the centre point of the area.                concerned.
GROSVENOR
Grosvenor Gardens House
                                      GARDENS
                                      HOUSE
                                      London SW1




                    Proposed Layout
GROSVENOR
Grosvenor Gardens House
                                                                                GARDENS
                                                                                HOUSE
                                                                                London SW1




                                          Regeneration of Victoria
                                                         Proposed Residential
          Retail in New                                  Roof Terraces
          Circulation
                                                         Core & Lobby Areas
          Port Couchere
          Retail in Existing                             Main Access
          Core, Lobby, Car Stacker Area
          Main Access




        Parking
        Retail in Existing
        Core, Lobby, Car Stacker Areas
        Electrical Substation
        Wellness (excl. Pool)
        Main Access
GROSVENOR
Grosvenor Gardens House
                                                                                              GARDENS
Proposed Layout                                                                               HOUSE
                                                                                              London SW1




The proposed re-development of Grosvenor Gardens House sees a mixture of high specification residential and
up market retail. Associated with the residential is a residents wellness and spa centre located in the basement
and housing a pool and other wellness facilities.

The proposed luxury residential apartments are arranged over 6 floors. These are arranged around 4 separate
cores with each lobby serving 4 flats per floor at most. Where possible, dual aspect apartments are envisaged.

From first to forth floors the layouts of the floors are similar with flats ranging from 700ftÂČ to 1700ftÂČ. This mix
can however be manipulated to suit.

We anticipate the fifth floor will have a cut back from the rear facade but the number and arrangement of flats
being unaffected with apartment sizes ranging from 800ftÂČ to 1500ÂČ.

The sixth floor will contain 4 penthouse apartments with private terraces serving each. These penthouses
range from 2000ftÂČ to 2500ftÂČ. A double basement parking is proposed under the infill section to along Eaton
Lane to serve the residential.

A grand, plush, centrally located entrance will be provided from both Grosvenor Gardens and from Eaton Lane.

There are at present 60 apartments being provided totalling circa 78,300ftÂČ.
GROSVENOR
Grosvenor Gardens House
                                                                                            GARDENS
Proposed Layout                                                                             HOUSE
                                                                                            London SW1




The retail space at ground and lower ground floor will remain largely as existing, albeit refurbished and re-
tenanted along Grosvenor Gardens.

New boutique retail space will be provided facing Eaton Lane which will have the added advantage of giving
life to what is now a hard edged, undesirable alley.

The existing refurbished retail space along with the proposed Eaton Lane retail totals circa 16,500ftÂČ.

10,500ftÂČ of that retail space being at ground floor level.
GROSVENOR
Grosvenor Gardens House
                                          GARDENS
                                          HOUSE
                                          London SW1




               Regeneration of Victoria
GROSVENOR
Regeneration of Victoria
                                                                                         GARDENS
SW1                                                                                      HOUSE
                                                                                         London SW1




The regeneration of Victoria began approximately six years ago with the development of Belgrave House,
Buckingham Palace Road providing more than 270,000 sq ft of Grade A office accommodation, 150m to the
south of the subject property. This was followed by the completion of Cardinal Place, a landmark mixed use
development by Land Securities. These important developments attracted an influx of corporate occupiers
including Google, 3i, EDF, Microsoft, American Express and P&O taking occupation.

Continuing the regeneration of Victoria more recently completed developments include The Asticus Building,
129 Wilton Road and The Peak at 5 Wilton Road, which are within close proximity to the subject property,
further enhancing the appeal of this location to a broad mix of occupiers.




Cardinal Place                           The Asticus                        The Peak
GROSVENOR
Regeneration of Victoria
                                                                                      GARDENS
SW1                                                                                   HOUSE
                                                                                      London SW1




Significantly the development pipeline shows
that many of the UK’s most prominent
developers are continuing to invest in Victoria.
Land Securities is continuing its own
investment in the location with the
construction of 62 Buckingham Gate, the
Victoria Transport Interchange and the current
Grade A refurbishment of 123 Victoria Street.
Alongside Land Securities, other developers
include British Land, Great Portland Estates,
Hammerson, Heron and Terrace Hill.

The proposed Victoria Transport Interchange
scheme is located directly to the east of the
subject property and will greatly enhance the
locality. Planning consent was granted in 2009
for VTI2, a 900,000 sq ft mixed use scheme on
a 2.5 hectare site close to Victoria station. The
retail, office and residential accommodation
will be arranged over 6 buildings and the new       Grosvenor Gardens House
development will incorporate public spaces          Grosvenor Gardens
                                                    VTI2
and encourage pedestrian and traffic flow.          Victoria Station
                                                    42-44 & 46-48 Grosvenor Gardens
GROSVENOR
Regeneration of Victoria
                                                                                           GARDENS
SW1                                                                                        HOUSE
                                                                                           London SW1




Victoria Station itself will be developed as part of a mixed use scheme by Network Rail and Hammerson.
Transport for London is planning a ÂŁ500 million investment programme to upgrade Victoria Underground
station providing a new ticket hall, increased station capacity and new escalators. Further improvements to
the bus terminal and the public realm around Victoria Station, are due to be completed in 2016. These plans
will have a significant impact on one of London’s most important transport hubs, providing a direct positive
benefit for Grosvenor Gardens.
GROSVENOR
Victoria Development Pipeline                                                                       GARDENS
                                                                                                    HOUSE
SW1                                                                                         39 Victoria Street
          Victoria Transport                                                                 c. 76,000 sq ft
             Interchange
                               Portland House      Wellington House       40 Broadway
           c. 900,000 sq ft    c. 300,000 sq ft   59 Residential Units   c. 120,000 sq ft    (Refurbishment)




          Grosvenor
           Gardens
            House


                                                                                                                 4 Victoria Street

                                                                                                                 c. 126,000 sq ft




           Victoria Station    Kingsgate House    123 Victoria Street    Howick Place       62 Buckingham Gate

            Pre Planning       c. 153,000 sq ft     c. 140,000 sq ft     c. 130,000 sq ft     c. 270,000 sq ft

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GGH (Grosvenor Gardens House) presentation

  • 2. Agenda GROSVENOR GARDENS HOUSE London SW1  Grosvenor Gardens House ‱ Location ‱ Situation  The Scheme ‱ Proposed Layouts ‱ Area Schedule  Regeneration of Victoria ‱ Overview ‱ Victoria Development Pipeline
  • 3. GROSVENOR Grosvenor Gardens House GARDENS Location HOUSE London SW1 Grosvenor Gardens House is located on the edge of the Belgravia estate, one of the most exclusive districts in Central London. Belgravia has enjoyed the acclaim of being one of London’s most fashionable residential areas since it was developed by Richard Grosvenor, the 2nd Marquess of Westminster, during the early to mid-19th Century. At the heart of the Capital, the picturesque area is built in the classic Regency style of squares, streets and crescents lined with grand terraces of white stucco houses. Grosvenor Gardens lies adjacent to the major transport hub of Victoria station offering excellent communication links throughout London and the South East. Victoria has established itself as a key destination for major office occupiers, and also presents a wide selection of local amenities including luxury hotels, theatres, premium retail, and a range of fashionable bars and restaurants. The area also boasts large areas of open spaces at the neighbouring Royal Parks of St James’s Park, Green Park and Hyde Park. The nearby areas of Mayfair, Westminster, Knightsbridge and Chelsea are also within a short walking distance.
  • 4. GROSVENOR Grosvenor Gardens House GARDENS Situation HOUSE London SW1 Grosvenor Gardens House lies on the eastern Hyde Park Hyde Park Corner Park Lane Green Park Buckingham Palace edge of the Belgravia estate and was developed by Thomas Cundy III in the mid 1860’s as an extension to the Victoria Station complex. Grosvenor Gardens enjoys a distinctive architectural character comprising tall, grand terraces separated and softened by two triangular landscaped gardens. Grosvenor Gardens House occupies a prominent island site on the north side of Grosvenor Gardens between Beeston Place and Buckingham Palace Road, and bounded by Eaton Lane to the rear. The property enjoys excellent views over Grosvenor Gardens to the front and the attractive landscaped gardens of the Goring Hotel to the rear. Directly in front of Grosvenor Gardens House with the Gardens between are 42-44 & 46-48 Grosvenor Gardens, we own these buildings and have recently completed an extensive refurbishment on the commercial and Eaton Square 42-44 & 46-48 & 38 Grosvenor Gardens GROSVENOR GARDENS Victoria Underground & Mainline Stations residential units. HOUSE
  • 5. GROSVENOR Grosvenor Gardens House GARDENS HOUSE London SW1 The Scheme
  • 6. GROSVENOR Grosvenor Gardens House GARDENS The Scheme HOUSE London SW1 Grosvenor Gardens House is currently used for low grade office accommodation, our intention is to sympathetically return the buildings to its original use – a “first class” serviced apartment mansion block. The scheme calls for the formation of approximately 60 apartments with a mix of different sizes and ranging from 1 to 4 bedrooms. There will be underground parking, a wellness facility complete with gym, sauna, steam room, treatment rooms and swimming pool. The building currently benefits from a retail parade fronting Grosvenor Gardens and this would be extended all the way round the entire building opening new frontage to Eaton Lane. The majority of the new development would focus on the rear of the building offering a second frontage and a considerably more attractive visual presence. As it did when first built, Grosvenor Gardens House would once again benefit from a dedicated restaurant whose character would be contemporarily coloured by its past heritage whilst celebrating its future and the buildings new lease on life.
  • 7. GROSVENOR Grosvenor Gardens House GARDENS The Scheme HOUSE London SW1 The scheme aims to restore the frontage and sides whilst redeveloping the rear of the building in order to improve the internal space provided along with the outlook over Eaton Lane and the Goring Hotel Gardens. Eaton Lane, which is presently dark and uninviting and predominantly frequented by vagrants would benefit from a new retail parade of niche destination shops forming part of the new blocks facade with a substantial improvement in aspect, lighting and local amenity. We believe the position and contribution of Grosvenor Gardens House within the local conservation area is significant and that the comprehensive redevelopment required to achieve our proposed scheme gives us the opportunity to address numerous issues, not least the buildings poor state of repair. The redevelopment will make it the focal point of the local conservation area and will reinstate a period landmark right besides the new regeneration scheme due to be untaken in Victoria. The stone, slate, lead and timber have received little or no New retail parade will add light and passing trade to a dark maintenance over many years and we have the opportunity to and unattractive street. restore the building back to being a popular landmark. The new facade will greatly improve the outlook from all We aim to illuminate the building in a tasteful manner but one visual vantage points and would benefit the area for all which would make it the centre point of the area. concerned.
  • 8. GROSVENOR Grosvenor Gardens House GARDENS HOUSE London SW1 Proposed Layout
  • 9. GROSVENOR Grosvenor Gardens House GARDENS HOUSE London SW1 Regeneration of Victoria Proposed Residential Retail in New Roof Terraces Circulation Core & Lobby Areas Port Couchere Retail in Existing Main Access Core, Lobby, Car Stacker Area Main Access Parking Retail in Existing Core, Lobby, Car Stacker Areas Electrical Substation Wellness (excl. Pool) Main Access
  • 10. GROSVENOR Grosvenor Gardens House GARDENS Proposed Layout HOUSE London SW1 The proposed re-development of Grosvenor Gardens House sees a mixture of high specification residential and up market retail. Associated with the residential is a residents wellness and spa centre located in the basement and housing a pool and other wellness facilities. The proposed luxury residential apartments are arranged over 6 floors. These are arranged around 4 separate cores with each lobby serving 4 flats per floor at most. Where possible, dual aspect apartments are envisaged. From first to forth floors the layouts of the floors are similar with flats ranging from 700ftÂČ to 1700ftÂČ. This mix can however be manipulated to suit. We anticipate the fifth floor will have a cut back from the rear facade but the number and arrangement of flats being unaffected with apartment sizes ranging from 800ftÂČ to 1500ÂČ. The sixth floor will contain 4 penthouse apartments with private terraces serving each. These penthouses range from 2000ftÂČ to 2500ftÂČ. A double basement parking is proposed under the infill section to along Eaton Lane to serve the residential. A grand, plush, centrally located entrance will be provided from both Grosvenor Gardens and from Eaton Lane. There are at present 60 apartments being provided totalling circa 78,300ftÂČ.
  • 11. GROSVENOR Grosvenor Gardens House GARDENS Proposed Layout HOUSE London SW1 The retail space at ground and lower ground floor will remain largely as existing, albeit refurbished and re- tenanted along Grosvenor Gardens. New boutique retail space will be provided facing Eaton Lane which will have the added advantage of giving life to what is now a hard edged, undesirable alley. The existing refurbished retail space along with the proposed Eaton Lane retail totals circa 16,500ftÂČ. 10,500ftÂČ of that retail space being at ground floor level.
  • 12. GROSVENOR Grosvenor Gardens House GARDENS HOUSE London SW1 Regeneration of Victoria
  • 13. GROSVENOR Regeneration of Victoria GARDENS SW1 HOUSE London SW1 The regeneration of Victoria began approximately six years ago with the development of Belgrave House, Buckingham Palace Road providing more than 270,000 sq ft of Grade A office accommodation, 150m to the south of the subject property. This was followed by the completion of Cardinal Place, a landmark mixed use development by Land Securities. These important developments attracted an influx of corporate occupiers including Google, 3i, EDF, Microsoft, American Express and P&O taking occupation. Continuing the regeneration of Victoria more recently completed developments include The Asticus Building, 129 Wilton Road and The Peak at 5 Wilton Road, which are within close proximity to the subject property, further enhancing the appeal of this location to a broad mix of occupiers. Cardinal Place The Asticus The Peak
  • 14. GROSVENOR Regeneration of Victoria GARDENS SW1 HOUSE London SW1 Significantly the development pipeline shows that many of the UK’s most prominent developers are continuing to invest in Victoria. Land Securities is continuing its own investment in the location with the construction of 62 Buckingham Gate, the Victoria Transport Interchange and the current Grade A refurbishment of 123 Victoria Street. Alongside Land Securities, other developers include British Land, Great Portland Estates, Hammerson, Heron and Terrace Hill. The proposed Victoria Transport Interchange scheme is located directly to the east of the subject property and will greatly enhance the locality. Planning consent was granted in 2009 for VTI2, a 900,000 sq ft mixed use scheme on a 2.5 hectare site close to Victoria station. The retail, office and residential accommodation will be arranged over 6 buildings and the new Grosvenor Gardens House development will incorporate public spaces Grosvenor Gardens VTI2 and encourage pedestrian and traffic flow. Victoria Station 42-44 & 46-48 Grosvenor Gardens
  • 15. GROSVENOR Regeneration of Victoria GARDENS SW1 HOUSE London SW1 Victoria Station itself will be developed as part of a mixed use scheme by Network Rail and Hammerson. Transport for London is planning a ÂŁ500 million investment programme to upgrade Victoria Underground station providing a new ticket hall, increased station capacity and new escalators. Further improvements to the bus terminal and the public realm around Victoria Station, are due to be completed in 2016. These plans will have a significant impact on one of London’s most important transport hubs, providing a direct positive benefit for Grosvenor Gardens.
  • 16. GROSVENOR Victoria Development Pipeline GARDENS HOUSE SW1 39 Victoria Street Victoria Transport c. 76,000 sq ft Interchange Portland House Wellington House 40 Broadway c. 900,000 sq ft c. 300,000 sq ft 59 Residential Units c. 120,000 sq ft (Refurbishment) Grosvenor Gardens House 4 Victoria Street c. 126,000 sq ft Victoria Station Kingsgate House 123 Victoria Street Howick Place 62 Buckingham Gate Pre Planning c. 153,000 sq ft c. 140,000 sq ft c. 130,000 sq ft c. 270,000 sq ft