Grosvenor plans redevelopment of 10-acre Belgravia site

Grosvenor is preparing plans for a major redevelopment of a significant site in southern Belgravia. The site surrounds Eccleston Place and includes a former Transport for London control centre and depot and several other semi-industrial premises.

21st September 2012

Grosvenor is preparing plans for a major redevelopment of a significant site in southern Belgravia. The site surrounds Eccleston Place and includes a former Transport for London control centre and depot and several other semi-industrial premises.

Earlier this year Grosvenor invited the Urban Land Institute to help the property company consider the area’s potential. Members of the week-long advisory panel interviewed 80 local residents, businesses and other stakeholders.

The ULI work will feed into a public consultation called ‘Making Eccleston Place’ which asks local people to help create a vision for the area. The consultation starts in September with a series of pop-up events on the streets around Eccleston Place. This will be followed by focus groups and public exhibitions from October until the end of the year. In 2013 a ‘masterplan vision’ for Eccleston Place will be produced, drawing on the ULI’s findings, further research and responses from the consultation process.

The vision for the area is likely to comprise a wide mix of uses with the aim of making the area a leading, active city quarter. These could include housing and employment, green space, a hotel, retail and a community or cultural venue.

Giles Clarke, Executive Director -London estate, Grosvenor Britain & Ireland said: “We want to create a place that sets new standards in London for community and environmental sustainability. It is extremely rare for so much potential to exist in such a central location surrounded by the diversity and vibrancy of the neighbouring areas of Belgravia, Victoria and Pimlico.”

Joe Montgomery, Chief Executive at ULI Europe said “The area currently under-performs for locals and visitors alike. With good community engagement and vision, Eccleston Place could be transformed into a dynamic mixed use neighbourhood which both complements and benefits from the nearby developments at Victoria and Chelsea Barracks. Our panel has created a menu of suggestions and examples from around the world which we hope Grosvenor will find helpful”.

A planning application for the first phase of the project is targeted by the end of 2013. There may also be an opportunity to extend the project into a wider regeneration initiative with the support of neighbouring land owners and occupiers. The ULI panel suggested a relocation of the Victoria Coach Station is a possibility which should be explored as part of this.

The ULI’s panel recommendations have the following key themes:

  • Create a new neighbourhood with its own distinct identity
  • Incorporate a mix of uses in flexible buildings which can be changed to suit different uses over time
  • Additional retail to serve the new community and wider area
  • Improve permeability for the area and create new public spaces
  • Move the coach station to a more appropriate location
  • Build housing to cater for non-traditional households and young professionals
  • Cultural or community space.

The full Urban Land Institute report published today is available at
www.makingecclestonplace.com.

ENDS

For more information contact:
Naomi Curtis/Sorrel Basher, Press Office
Grosvenor
020 7312 6479/6101
pressoffice@grosvenor.com

Notes to Editors

Grosvenor is a privately owned property group with offices in 18 of the world’s most dynamic cities. The Group operates and invests in three different business areas; direct proprietary investment in real estate through our Operating Companies in Britain & Ireland, the Americas and Asia Pacific; indirect proprietary investment in real estate managed by others, which is the responsibility of the holding company; and our international fund management Operating Company - Grosvenor Fund Management - which manages capital on behalf of investors. As at 31 December 2011, the Group had total assets under management of £12.5bn. Unusually for a private company, Grosvenor publishes a full Annual Report & Accounts, available at: www.grosvenor.com

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