Market Leads & Opportunities
The Peninsula London receives planning consent
Joint venture developers Grosvenor Britain & Ireland (Grosvenor) and The Hongkong and Shanghai Hotels, Limited (HSH) has announced that Westminster City Council’s planning committee has resolved to grant planning consent for a new 190-room hotel.The Peninsula London aims to bring a new level of distinction to London’s luxury hospitality scene and will cater for both hotel guests and local customers. In addition to guestrooms and spa, it will include shops, bars, restaurants and a ballroom. The design is inspired by the area’s heritage, befitting one of London’s most celebrated addresses. A grand pedestrian entrance on Grosvenor Place will be accessed from a colonnade linking to an internal ‘Palazzo-style’ courtyard, approximately 30 x 30 metres in size. Vehicle access to the hotel will be via this courtyard off Grosvenor Crescent.Plans also include 24-28 residential apartments with their own leisure and spa facility and separate entrance on Halkin Street. Separately, 23 intermediate affordable homes will be built nearby in Buckingham Palace Road, adding to housing supply and diversity of the area. Grosvenor and HSH aim to start construction in summer 2017, with completion due in 2021. Research by Volterra suggests the scheme will support over 2,000 jobs and deliver up to £60m to the London economy annually.
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