Grosvenor Asia Pacific, the regional proprietary arm of privately owned international property investment and development group Grosvenor, announced today that its residential project The Westminster Roppongi has been awarded the Gold prize in the Best Refurbished Building category at the 2015 MIPIM Asia Awards.
This is the second major property award the project has received, having previously won the Five-Star Residential Renovation/Redevelopment Award at the Asia Pacific Property Awards.
The MIPIM Asia Awards recognises the property industry’s best and brightest, rewarding innovation and achievement in a variety of fields. After selection by a highly-respected jury and a vote by MIPIM Asia delegates, the Gold, Silver and Bronze award winners were announced during the MIPIM Asia Awards Gala Dinner on Tuesday 1 December 2015 at the Grand Hyatt in Hong Kong, with close to 300 of the most influential real estate professionals in Asia Pacific in attendance.
On the award, Koshiro Hiroi, Managing Director of Asia Pacific Development and Chief Representative Japan, commented, “The Westminster Roppongi’s win is a testament to the innovative design, high-quality finishes and exceptional services on offer at the property. As well as this industry recognition, the project has also been received very well by the market; we have sold all units ahead of schedule and approximately 10% above forecasts. It is clear that there is demand for high-quality residential projects in Tokyo both locally and overseas – 40% of purchases at The Westminster Roppongi were made by foreign buyers. We look forward to continue meeting this demand with future projects.”
Grosvenor Asia Pacific worked with renovation specialists PDP London (formerly Paul Davis + Partners) to bring a balance of contemporary western design and traditional Japanese craft to the renovation. David Hoggard, Managing Director for PDP London Hong Kong Studio, said, “We wanted to subtly enhance the existing character of the building. The original construction was rather cold in its appearance, so we worked to make it warmer and hence more welcoming by using rich and inherently beautiful natural materials such as timber, slate and marble. We also deliberately kept the number of materials used to a minimum to keep the interior spaces calm and uncluttered throughout."
Grosvenor has a history of award-winning residential properties in the region, including previous Tokyo development Grosvenor Place Kamizono-cho, and The Westminster Terrace in Hong Kong. Upcoming projects include the latest Westminster-branded refurbishment, situated within the Shibuya district of Tokyo, due to launch in Q2 2016, and an as-yet unnamed residential development in Hong Kong – located in the prime Jardine’s Lookout district, is being developed in joint venture with Asia Standard International and Couture Homes Limited, and due for completion in 2017.
Director of Corporate Marketing Communications, Grosvenor Asia Pacific
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Manager, Marketing Communications & Living Cities
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Notes to Editors
Grosvenor Group Limited
Grosvenor is a privately-owned property group, active in some of the world’s most dynamic cities. We aim to create high-quality places for people to enjoy and which use resources responsibly.
The benefits that stem from bringing together housing, businesses, schools and colleges, a skilled workforce, transport and infrastructure are driving urbanisation around the world. The opportunity is for cities to grow in ways that are socially, economically and environmentally resilient in the face of global challenges.
Grosvenor's long-term success in responding to these challenges depends on an imaginative approach to designing individual buildings, larger-scale place-making activity and the expertise and commitment of our staff. We bring to bear new ideas and patient capital, while encouraging other city stakeholders to play their part.
We aim to grow our understanding and knowledge of cities and the challenges and opportunities facing them, and by doing so to continue to evolve our ‘Living cities’ philosophy.
Today we have 17 offices in 11 countries and assets in 16 countries. We have regional investment & development businesses in Britain & Ireland, the Americas and Asia Pacific. Our international fund management business works in partnership with investors from around the world and has a focus on Continental Europe. We also have indirect investments, managed centrally. As at 31 December 2014, the Group had total assets under management of £11.4bn. Unusually for a private company, Grosvenor publishes a detailed reporting suite - Annual Review, Financial Statements, Environment Data and index of sustainability reporting under the GRI initiative - available at: www.grosvenor.com
Grosvenor Asia Pacific
Grosvenor Asia Pacific has been active in the region for over 20 years. We are an investor, developer and asset manager here, operating across the residential, office and multi-use sectors. As we write our next chapter, we are looking to go deeper into our chosen cities of Hong Kong, Shanghai and Tokyo, whilst also increasing development exposure. Ultimately, we aim to play an influential role in the positive transformation of our cities as they continue to develop. As at 31 December 2014, Grosvenor Asia Pacific had assets under management of HK$8.3bn.