From Hong Kong to Hyde Park

Written on 4 July 2013 by Alistair Boscawen in London


Hyde Park Corner will be host to a new hotel owned by Hong Kong and Shanghai Hotels.

It’s no secret that London, and in particular the more affluent areas such as Belgravia, Knightsbridge, Chelsea, Pimlico, South Kensington, Mayfair and Westminster continue to attract huge interest from foreign investors.

Whether they’re looking to buy for themselves or as a business investment, the truth remains that foreign buyers are currently helping to fuel our market’s recovery.

So we were pleased to hear that the latest investment was the £132m buyout of a site on Hyde Park Corner by Hong Kong and Shanghai Hotels, operating under the Peninsula Hotel brand.

The company plans to open its first UK hotel within the mixed use scheme which will also feature a selection of high quality, luxury apartments. Established in Hong Kong in 1928, the company is buying out Derwent London’s 50% stake in a joint venture with Grosvenor Estates.

Hotel Lobby

 

 

 

 

 

 

 

 

 

 

 

 

 

Read more on this story here

Image licensed by flickr creative commons Joelk75

Alistair Boscawen

Alistair has 32 years’ experience as an estate agent, starting in the country house department of one of London’s main international agencies before moving to the Knightsbridge house department of the same agency and learning the difference in values between freehold, long lease and short lease houses in Knightsbridge, Belgravia, Chelsea and Mayfair.

All articles by Alistair Boscawen

RELATED ARTICLES


Unmissable Art – Five Exhibitions to Catch as Galleries Reopen
10 May 2021

As art galleries gear up to open their doors, here are five central London shows to add to your post-lockdown must-see list.

Read more
London’s most expensive areas
2 November 2020

The top 10 most expensive streets to buy property in the UK are all in exclusive areas of London. So where are the most expensive places to live in London?

Read more

Contact Us

+44 (0)20 7730 9253
81 Elizabeth Street, London SW1W 9PG

Get in Touch