London’s new £1.4bn property pipeline

A development boom in East Belgravia will see £1.4bn of investment in luxury homes and hotels, according to a new report. The plot of land between Upper Belgrave Street and Grosvenor Place has been earmarked for private mansions, penthouses and VIP clubs, earning it the moniker “billionaire’s strip”. “Currently the value of property within this enclave is underpriced relative to neighbouring addresses and this has attracted inward investment from both corporate and boutique developers, with the regeneration taking place likely to generate an uplift in property values in the location over the next two to three years,” commented Gary Hersham, founding director of Beauchamp Estates.

City AM (16/08/2019)