In 2013, our Group purchased a 50% interest in the lease of 1-5 Grosvenor Place in Belgravia, central London, for a cash consideration of £132.5 million. In 2016 HSH assumed 100% ownership of the project for an additional cash consideration of £107.5 million. Grosvenor will remain as the freeholder under the 150-year lease. 

The total development cost of the project is expected to be around £800 million. This property is in a spectacular location overlooking Hyde Park Corner and the Wellington Arch, and will feature a luxury 189-room hotel and a select number of luxury residential apartments for sale. The hotel and apartments will set new standards in luxury and service and we believe they will be the finest in the London market when complete, currently scheduled for early 2023. 

The last remaining office tenants moved out in April 2017 and demolition was completed by the end of 2017, with a groundbreaking ceremony for The Peninsula London held on 2 November 2017.

 

For more details about The Peninsula Residences London, please click here.

A new level of distinction 

THE PENINSULA LONDON

 

PLN aerial

The design is inspired by the area’s heritage, befitting one of London’s most celebrated addresses.

Hong Kong heritage project

The Hong Kong Heritage Project was set up to archive historical materials from HSH, CLP Holdings and the Kadoorie Family.

WINNING AWARDS AROUND THE WORLD

2020 HKICPA Best Corporate Governance Awards
Gold Award in the Non-Hang Seng Index (Media Market Capitalisation) Category
31 Jul 2020
The Asset Triple A Treasury, Trade, Sustainable Supply Chain and Risk Awards for 2020
The Asset Triple A Treasury, Trade, Sustainable Supply Chain and Risk Awards for 2020
31 Jul 2020

More projects

The Peninsula
Istanbul
  • Year acquired
    2015
  • Ownership
    50%