Grosvenor Britain & Ireland is pleased to announce that planning permission was granted last night for the new Gagosian Gallery at 20 Grosvenor Hill, Mayfair. Westminster City Council approved the plans by architects TateHindle for the creation of an exquisite, double height commercial art gallery in the heart of the Mayfair Conservation Area.
The building was previously occupied by Savills and a pre-let was signed between Grosvenor and Gagosian before planning was submitted in August 2013. The deal is on a 20 year lease, with a break clause after 15 years. The length of the lease reflects both Grosvenor and Gagosian’s commitment to Mayfair and the continued regeneration of Grosvenor Hill.
Ian Morrison, development director for Grosvenor’s London estate said: “We’re really excited to be working with Gagosian to create a preeminent commercial art gallery for London and we are delighted that Westminster City Council has given us the go-ahead. Our vision is to build upon the work we started at fifty Grosvenor Hill with its associated public realm and public art and to embrace the artisan heritage of this location through the design ambition of the proposed building and public realm. Working with TateHindle and Gagosian we are creating a vibrant new place in London for people to live, work and visit and enhancing the connectivity from Bond Street and Grosvenor Street to Berkeley Square and Mount Street.”
Gary Waterston, Director of Gagosian Gallery, commented “with planning permission now granted, we enter an exciting phase with our partners at Grosvenor as the plans and drawings become reality. The hard work done by Caruso St John, TateHindle and all the design team shall now pay dividend as we move quickly ahead in creating what we hope shall be a landmark space to view art in the heart of Mayfair”.
Work is anticipated to start on site in January 2014. Grosvenor will then hand over the building to Gagosian for them to complete their fit out, with their interiors being designed by Caruso St John, who have just completed the successful refurbishment of Tate Britain, before the gallery opens.
Grosvenor has a pipeline of 170,000 sq ft of new office developments in London’s Mayfair, which will be delivered in time to meet the pent-up demand for space in prime locations. Schemes include 69 Grosvenor Street, 20 Grosvenor Street and 33 Davies Street, which are all on site, and 65 Davies Street, which was granted planning consent earlier this month.
For more information contact:
Naomi Curtis/Sorrel Basher, Press Office
020 7312 6479/6101
Notes to Editors
Grosvenor Britain & Ireland aims to create value through our skills in placemaking anddesign, repositioning locations in ways that change customer perceptions and deliver results for our stakeholders. The core portfolio comprises 300 acres of Mayfair and Belgravia in London, which first came into the Grosvenor family in 1677. Ownership and active management of its London estate remains at the heart of Grosvenor Britain & Ireland’s strategy. Investment assets comprise the largest part of its portfolio. Grosvenor Britain & Ireland also undertakes development across London, and in selected city centres around the UK. As at 31 December 2012, Grosvenor Britain & Ireland had assets under management of £4.8bn.