Fund manager, Fairway Capital has been granted planning permission by the City of Westminster for a £50 million, residential-led scheme in Eaton Mews West in Belgravia.
The scheme will provide 426 sq. m. of new office space and the first complete terrace of new mews houses to be built in Belgravia since the 1950s, comprising six houses with rear gardens.
Located just off Eaton Square, the Eaton Mews West site has an interesting history with links to the Royal Household Cavalry, aristocrats and famous politicians. The Fairway Capital Fund purchased the historic Belgravia Garage site, acquiring off-market the short lease from the garage operators and the freehold from the Grosvenor Estate.
Located in the Belgravia Conservation Area, the new development, designed by luxury developer, Leconfield Property Group, and award-winning architectural practice, MSMR, will retain the historic Georgian façade with new build behind and a new mansard roof with dormer windows installed to allow five of the six new houses to be three storeys tall.
The scheme will comprise five three-bed homes and one two-bed home, each with private rear gardens – a sought after feature in the neighbourhood.
Leconfield will be responsible for executing the design and development of the Eaton Mews West scheme, with construction anticipated to start in November 2024 and complete by Q2 2026.
George Brooksbank, CEO of Fairway Capital, said: “We are pleased to have gained unanimous approval at Committee from Westminster City Council for the planning permission for our new Eaton Mews West scheme. Located in the heart of Belgravia the new development will provide high-quality office space and the first complete terrace of new mews houses to be built in Belgravia since the 1950s.”
“Leconfield, who have successfully built over 100 developments across prime central London, will oversee the delivery of the scheme. Private gardens are rare and highly sought after in this part of Belgravia and we have already had interested parties for both the office space and the houses.”
“Due to the significant construction costs and specialist restoration skills required to transform the Eaton Mews West site into a high-quality residential address, Fairway Capital entered into a special partnership with estate landowner, Grosvenor, whereby we purchased the freehold of the site from them. We worked collaboratively with the estate to ensure our redevelopment proposals met the high conservation standards required by both the estate and the local conservation area guidelines.”
