Grosvenor Acquires 'One Mayfair' From One Events

Grosvenor has announced the acquisition of ‘One Mayfair’ from One Events.

2nd July 2014

Grosvenor has announced the acquisition of ‘One Mayfair’ from One Events. Located on North Audley Street, just off Oxford Street, the Grade I listed building has been a popular private event space since it was acquired by One Events in 2009.

Commenting on the acquisition, Haydn Cooper, Location Director for Mayfair, said: “‘One Mayfair’ is situated on Grosvenor’s London estate and we are excited to bring this important building in to the Mayfair portfolio. We are looking at the asset in the context of the broader Mayfair estate and will engage with stakeholders before determining how it might be used in the future. Its location on North Audley Street and proximity to Oxford Street means we have an opportunity to develop an exciting scheme, which would add to the vitality and long term success of the area and enable greater public access to this impressive building.”

 

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The acquisition of ‘One Mayfair’ follows significant investment in North Mayfair by Grosvenor. ‘One Mayfair’ backs on to Balderton Street, where Grosvenor is developing a new hotel, The Beaumont, in partnership with Corbin & King Hotels. Earlier this month, ROOM, a three storey high inhabitable sculpture by Antony Gormley, was unveiled for the hotel, which will open in the autumn.

In addition, public realm schemes on Mount Street, Duke Street, North Audley Street and the award winning Brown Hart Gardens have transformed the streetscape and created more open spaces for people working in, living in and visiting Mayfair to relax. In 2013 Grosvenor launched the Duke Street Apartments, a redevelopment of a Grade II listed building on Duke Street.

Formerly known as St Mark’s Church, ‘One Mayfair’ was deconsecrated in 1974 and designated as a priority on English Heritage’s Buildings at Risk Register in 1988. It was acquired and refurbished by One Events in 2009. Over the past five years, the venue has become one of London’s most in-demand event venues. Grosvenor now has the opportunity to create an exceptional scheme that complements and strengthens the existing mixed-use offering in North Mayfair.

 

ENDS

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

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.

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