Dartmouth Capital Advisors is delighted to announce on behalf of Singapore-listed City Developments Limited (CDL) the UK’s prestigious Royal Borough of Kensington and Chelsea’s Planning Committee has granted planning consent for the regeneration of the historic Pavilion Road car park site in the heart of Knightsbridge, London to provide an iconic luxury hotel development, designed by Tim Hamilton of UK-based Hamilton Architects.
The iconic design of the hotel provides 120 rooms over eight floors above ground, and three basement floors. The striking design lifts the status of this island site and greatly improves the public spaces. The new six star hotel allows for 23,000 sq ft of retail, a spa and accommodation above ground and across three basement levels. It has a bar on the top floor. The completed value of the scheme is in excess of £300m.
The proposed scheme in Knightsbridge, is just a minutes’ walk from Harrods Department Store. However, what is unique about this site is a disused underground pedestrian and goods tunnel linking the development with Harrods.
Say Kwek Leng Beng the Executive Chairman of CDL said, “This site offers CDL one of the best opportunities to develop an outstanding hotel in one of the prime locations in central London. We are tremendously excited by this and the value it will bring to our London portfolio and our valued clients. London is the most popular tourist destination in the world, attracting around 30m visitors every year from all over the world.”
The current freehold site is owned by CDL, through its wholly owned subsidiary Beaumont Properties Limited and it is represented in the UK by Dartmouth Capital Advisors Limited.