Fund manager Fairway Capital has been granted planning permission by the City of Westminster for a £50 mln (€60 mln) residential-led scheme in London's Belgravia.
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.
Fairway's plans for the development envisage the creation of 426 m2 of new office space at the Eaton Mews West site and the first complete terrace of new mews houses to be built in Belgravia since the 1950s, comprising six houses with rear gardens.
Located in the Belgravia Conservation Area, the new scheme by Fairway Capital 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.
Local developer Leconfield, known for the restoration of the former Belgravia mansion of Prime Minister Margaret Thatcher in adjacent Chester Square, will be responsible for executing the design and development of the Eaton Mews West scheme.
Construction is anticipated to commence in November 2024 with works 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.'
