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

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